Econometric Analysis of the Export-led Growth Hypothesis: Evidence for BIMP-EAGA Countries

PJD 2007 Vol. XXXIV No. 2-b

2009

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This paper employs several econometric methods to test the validity of the "export-led growth" hypothesis in three BIMP-EAGA countries, i.e., the Philippines, Indonesia, and Malaysia. Firstly, the study uses Johansen cointegration test and Granger causality test to examine the relationship between export and gross domestic product (GDP) in each of these countries. Secondly, panel unit root test and panel cointegration test are used to examine the relationship between the variables in these three BIMP-EAGA countries as a whole. The econometric tests of the individual countries indicate that there has been no significant relationship between the size of national income and the amount of export in each of these countries. The panel data analysis produces a similar result.

Citations

This publication has been cited time(s).

Ballester, Richard and Joy Sinay, 2013 "An empirical analysis of the export-led growth (ELG) hypothesis in the Philippines" , University of the Philippines School of Economics and Philippine Economic Society
Zeren, Fatma and Burcu Kilinc Savrul, 2013 "Revisited export-led growth hypothesis for selected European countries: A panel hidden cointegration approach" , Department of Econometrics, Faculty of Economics, Istanbul University
Setiawan, Sigit, 2017 "Middle income trap and infrastructure issues in Indonesia: a strategic perspective" , Econjournals
Agustiar, Memet, 2013 "Structural transformation in West Kalimantan towards ASEAN economic community 2015" , University Library of Munich, Germany

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Philippine Institute for Development Studies

Authors

Furuoka, Fumitaka

Keywords

economic growth; Philippines; export growth; Indonesia; Malaysia

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