An Empirical Analysis of the ASEAN-4's Causality between Exports and Output Growth

Tri-Dung Lam
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Tri-Dung Lam: Department of Banking & Finance, School of Business, American University of Ras Al Khaimah, United Arab Emirates

International Journal of Economics and Financial Issues, 2016, vol. 6, issue 2, 497-502

Abstract: This paper specifically focuses on analyzing the causality between real gross domestic product (GDP) and real export of goods and services of the ASEAN-4 countries (Indonesia, Malaysia, Thailand and the Philippines) by using comprehensive econometric techniques such as the unit root test, cointegration test, and error correction model. This study reveals that for short-run dynamics, while bi-directional Granger-causality exists in Malaysia, the Philippines, and Thailand; the unidirectional Granger-causality runs from GDP growth to EXP growth for Indonesia. While the long-run relationship shows a bidirectional Granger-causality between GDP and EXP growth for Malaysia and Thailand, GDP growth Granger-caused EXP growth for Indonesia and an inverse relationship exists between these two variables for the Philippines

Keywords: ASEAN-4; Causality; Exports-output Growth (search for similar items in EconPapers)
JEL-codes: O1 O2 O4 O5 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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