Export Instability, Investment and Economic Growth in Asian Countries: A Time Series Analysis

Dipendra Sinha ()

No 687, Econometric Society 2004 Far Eastern Meetings from Econometric Society

Abstract: In this study, we look at the relationship between export stability, investment and economic growth in nine Asian countries using time series data. The few previous time series studies in this area have not paid any attention to stationarity and cointegration issues. We find that in most cases, the variables are non-stationary in their levels and not cointegrated. These results raise serious doubts about the results of these studies. The results are not uniform across countries casting doubts about the validity of the numerous cross-section studies. For Japan, Malaysia, Philippines and Sri Lanka, we find a negative relationship between export instability and economic growth. For (South) Korea, Myanmar, Pakistan and Thailand, we find a positive relationship between the two variables. For India, we get mixed results. In most cases, economic growth is found to be positively associated with domestic investment

Keywords: export instability; economic growth; Asia (search for similar items in EconPapers)
JEL-codes: C22 F49 O11 (search for similar items in EconPapers)
Date: 2004-08-11
New Economics Papers: this item is included in nep-sea
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Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Export Instability, Investment and Economic Growth in Asian Countries: A Time Series Analysis (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:ecm:feam04:687

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