Exports, export composition and growth: cointegration and causality evidence for Malaysia
Subrata Ghatak,
Chris Milner and
Utku Utkulu ()
Applied Economics, 1997, vol. 29, issue 2, 213-223
Abstract:
This paper comprehensively tests the export-led growth (ELG) hypothesis for Malaysia for the period 1955 - 90, using cointegration and causality testing based on Hsiao's synthesis of the Granger test and Akaike's minimum final prediction error criterion. The results provide support for the ELG hypothesis; aggregate exports Granger-cause real GDP and non-export GDP. This relationship is found to be driven by manufactured exports rather than by traditional exports.
Date: 1997
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DOI: 10.1080/000368497327272
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