Import‐economic growth nexus: ARDL approach to cointegration

Purpose The purpose of this paper is to examine the relationship between import and economic growth for 62 countries. Design/methodology/approach The paper applies autoregressive distributed lag model (ARDL) for long‐run relation and Granger causality test, in order to detect the direction of short‐run and long‐run causal relationship. Findings The results indicate that the long‐run relationship exists in the USA, the UK, Japan, Iceland, Canada, Italy, Algeria, Brazil, Chile, Colombia, Cuba, Gabon, Malaysia, Mexico, Peru, South Africa, Uruguay, Bolivia, Cameroon, Cote d'Ivoire, Ecuador, Egypt, El Salvador, Guatemala, Honduras, India, Lesotho, Nicaragua, Papua New Guinea, Thailand, Bangladesh, Benin, Chad, Congo, Gambia, Kenya, Madagascar, Togo, Zambia and Zimbabwe when economic growth is dependent variable. This result confirms the importance of import in the…