A Multivariate Causality Analysis of Export and Growth for Turkey

Ferda Halicioglu

MPRA Paper from University Library of Munich, Germany

Abstract: This study seeks to validity of the export-led growth hypothesis using quarterly data from 1980 to 2005. The bounds testing approach to cointegration is employed to test the causal relationship between industrial production, exports and terms of trade. An augmented form of Granger causality analysis is implemented to identify the direction of relationship among the variables both in the short-run and the long-run. The empirical findings suggest uni-directional causation from exports to industrial production.

Keywords: Export-led growth; causality; cointegration; Turkey (search for similar items in EconPapers)
JEL-codes: C12 C22 F14 F43 (search for similar items in EconPapers)
Date: 2007
New Economics Papers: this item is included in nep-cwa and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

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Working Paper: A Multivariate Causality Analysis of Export and Growth for Turkey (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:3565

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