DOWNLOAD ~ Exports, Imports, And Economic Growth in South Asia: Evidence Using a Multivariate Time-Series Framework. ~ by Pakistan Development Review ~ Book PDF Kindle ePub Free
eBook details
- Title: Exports, Imports, And Economic Growth in South Asia: Evidence Using a Multivariate Time-Series Framework.
- Author : Pakistan Development Review
- Release Date : January 22, 2004
- Genre: Economics,Books,Business & Personal Finance,
- Pages : * pages
- Size : 319 KB
Description
This paper examines the export-led growth hypothesis for the five largest economies of the South Asian region using a multivariate time-series framework. The South Asian countries present an interesting case study in view of their increasing outward orientation and adoption of export promotion policies as part of their growth strategies. A key feature of the study is the explicit incorporation of imports in the analysis to make allowance for their role in the export-economic growth relationship. While controlling for imports, the results indicate bi-directional causality between exports and output growth in Bangladesh, India, and Sri Lanka in the short-run. The study finds long-run equilibrium relationships among exports, imports, and output for Bangladesh and Pakistan. However, for India, Nepal, and Sri Lanka, no evidence of a long-run relationship among the relevant variables is found. These results are in contrast to some earlier work that found the export-led growth hypothesis to be a long-run phenomenon for all countries in the region. 1. INTRODUCTION