Exports, economic growth and causality in Korea
Exports, economic growth and causality in Korea
复制标题
韩国的出口、经济增长和因果关系
DOI：
10.1080/13504850500188265
复制
发表时间：
2005
影响因子：
1.6
通讯作者：
T. Awokuse
中科院分区：
文献类型：
--
作者：
T. Awokuse
本文利用计量经济学技术的最新发展，重新检验了韩国1963 - 2001年的出口导向型增长（ELG）假说。格兰杰因果关系检验基于两种检验方法：户田和飞利浦概述的向量误差校正模型（VECM）方法;以及户田和山本（1995年）以及多拉多和卢特克波尔（1996年）分别介绍的具有整合和协整合过程（任意阶）的增强水平VAR模型。根据这两种方法进行的因果关系检验的经验证据表明，真实的出口和真实的国内生产总值增长之间的因果关系是双向的。增长的其他决定因素也很重要。
Using recent developments in econometric techniques, this article re-examines the export-led growth (ELG) hypothesis for Korea over 1963–2001. The Granger-causality tests was based on two testing approaches: vector error correction modelling (VECM) approach outlined in Toda and Philips; and the augmented levels VAR modelling with integrated and cointegrated processes (of arbitrary orders) separately introduced by Toda and Yamamoto (1995) and Dolado and Lutkepohl (1996). Empirical evidence from causality tests based on the two alternative approaches indicates that the causal link between real exports and real GDP growth is bi-directional. Additional determinants of growth are also found to be significant.