出口和经济增长外文原文.PDFVIP

Exports and Economic Growth Muhammad S. Anwer R.K. Sampath Presented at Western Agricultural Economics Association 1997 Annual Meeting July 13-16, 1997 Reno/Sparks, Nevada July 1997 EXPORTS and ECONOMIC GROWTH Muhammad S. Anwer and R.K. Sampath Department of Agricultural and Resource Economics Colorado State University, Fort Collins, 1 EXPORTS AND ECONOMIC GROWTH Abstract Uutilizing unit root and cointegration techniques, we find out of 96 countries only 8 show unidirectional or bidirectional causality from exports to GDP with positive relationship between the two variables. Causality from GDP to Exports with positive relationship between the two variables is found for only 9 countries. 2 EXPORTS and ECONOMIC GROWTH 1. Introduction Economic development is one of the main objectives of every society in the world and economic growth is fundamental to economic development. There are many contributors to economic growth. Export is considered as one of the very important contributers among them. There are also some concerns about the trade, especially between the primary and industrial goods exporting countries where the terms of trade are deteriorated against the poorer countries. Although most of the empirical work support the export led economic growth hypothesis, there is no overall consensus on this issue. While some economists (Krueger, 1978; Chenery, 1979; Tyler, 1981; Kavoussi, 1984; Balassa, 1985; Ram, 1985, 1987; Chow, 1987; Fosu