Exports Growth and Industrial Development: Some Further Evidence from South Korea

Osman Suliman, Tadesse Mengistu (), Robert Lorentz () and Ghirmay S. Ghebreyesus ()
Additional contact information
Tadesse Mengistu: Department of Business Administration, Postal: 14000 Highway 82 West, Itta Bena, MS 38941, USA, http://www.mvsu.edu/index.php
Robert Lorentz: Department of Accounting, Economics and Finance Morehead State University, Postal: 222 Combs Bldg., Morehead, Kentucky 40351-1689, USA, http://www.moreheadstate.edu/aef/
Ghirmay S. Ghebreyesus: Southern University and A&M College College of Business, Postal: Baton Rouge, LA 70813, USA,, http://web.subr.edu/

Economia Internazionale / International Economics, 1994, vol. 47, issue 1, 84-91

Abstract: This article reexamines the causative relationship between export growth and industrial development. Unlike its predecessors, the present paper includes a measure of the extent of development using the ratio of currency to money supply. A vector autoregressive technique incorporating South Korean annual data on real GDP, real exports, manufacturing output, and the degree of development, has been employed. Most variables proved to possess bidirectional causality. However, contrary to popular belief, the exports-manufacturing causal relationship has been found to be only indirect via the development variable.

Date: 1994
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