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Export and GDP Growth in Lithuania: Short-run or Middle-run Causality?

Irina Travkina (irina.travkina@vgtu.lt)
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Irina Travkina: Vilnius Gediminas Technical University (VILNIUS TECH), Lithuania

Entrepreneurship and Sustainability Issues, 2015, vol. 3, issue 1, 74-84

Abstract: The research paper discusses the relationship between international trade, especially export, and the economic growth, presented by GDP, in Lithuania over the period of 2000-2015 years. The analysis is started by the historical review of possible types of relationships between exports and economic growth. Furthermore, the paper presents four theoretical propositions as export-led growth (1), growth-driven export (2), a feedback relationship (3) and simple contemporaneous relationship (4). This study examines the importance of the export-led growth hypothesis for Lithuania. The testing is based on Granger causality in the export–GDP system. The export-led growth hypothesis is found in Lithuania only in the short-run. The recommendations for future investigations are developed at the end of research paper’s parts.

Keywords: Granger causality; exogeneity; Lithuanian export; economic growth (search for similar items in EconPapers)
JEL-codes: F43 O47 P45 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:3:y:2015:i:1:p:74-84

DOI: 10.9770/jesi.2015.3.1(7)

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