Total export and economic growth :evidence in Asean - 3

The objective of this study is to reveal causality pattern between total export and economic growth which is represent by Gross Domestic Product (GDP)in ASEAN-3 countries, namely Malaysia, Thailand and Indonesia, and hence determine the validity of the export- led growth hy...

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Main Author: Royston Andy, Tony
Format: Final Year Project Report / IMRAD
Language:English
Published: Universiti Malaysia Sarawak (UNIMAS) 2007
Subjects:
Online Access:http://ir.unimas.my/id/eprint/6468/
http://ir.unimas.my/id/eprint/6468/1/Royston%20Andy%20ft.pdf
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author Royston Andy, Tony
author_facet Royston Andy, Tony
author_sort Royston Andy, Tony
building UNIMAS Institutional Repository
collection Online Access
description The objective of this study is to reveal causality pattern between total export and economic growth which is represent by Gross Domestic Product (GDP)in ASEAN-3 countries, namely Malaysia, Thailand and Indonesia, and hence determine the validity of the export- led growth hypothesis in those countries. The data used are from period 1970 to 2005 and was transform in logarithmic form. From the test conducted, the result brings to a few conclusions. A cointegrated relationship between export and economic growth was not detected in all the countries.This means,there is no long run relationship between GDP and total exports and can be said that the variables are drift apart in the long run.Moreover, further analysis showed that there is a bi-directional causality pattern exists in ASEAN-3 countries. Export is found as Granger cause GDP and GDP is found as Granger cause export as well. Government policies towards outward-oriented is welcome to propel economic growth as well as exports.
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format Final Year Project Report / IMRAD
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institution Universiti Malaysia Sarawak
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language English
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publishDate 2007
publisher Universiti Malaysia Sarawak (UNIMAS)
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spelling unimas-64682024-03-19T07:32:47Z http://ir.unimas.my/id/eprint/6468/ Total export and economic growth :evidence in Asean - 3 Royston Andy, Tony HB Economic Theory HC Economic History and Conditions The objective of this study is to reveal causality pattern between total export and economic growth which is represent by Gross Domestic Product (GDP)in ASEAN-3 countries, namely Malaysia, Thailand and Indonesia, and hence determine the validity of the export- led growth hypothesis in those countries. The data used are from period 1970 to 2005 and was transform in logarithmic form. From the test conducted, the result brings to a few conclusions. A cointegrated relationship between export and economic growth was not detected in all the countries.This means,there is no long run relationship between GDP and total exports and can be said that the variables are drift apart in the long run.Moreover, further analysis showed that there is a bi-directional causality pattern exists in ASEAN-3 countries. Export is found as Granger cause GDP and GDP is found as Granger cause export as well. Government policies towards outward-oriented is welcome to propel economic growth as well as exports. Universiti Malaysia Sarawak (UNIMAS) 2007 Final Year Project Report / IMRAD NonPeerReviewed text en http://ir.unimas.my/id/eprint/6468/1/Royston%20Andy%20ft.pdf Royston Andy, Tony (2007) Total export and economic growth :evidence in Asean - 3. [Final Year Project Report / IMRAD] (Unpublished)
spellingShingle HB Economic Theory
HC Economic History and Conditions
Royston Andy, Tony
Total export and economic growth :evidence in Asean - 3
title Total export and economic growth :evidence in Asean - 3
title_full Total export and economic growth :evidence in Asean - 3
title_fullStr Total export and economic growth :evidence in Asean - 3
title_full_unstemmed Total export and economic growth :evidence in Asean - 3
title_short Total export and economic growth :evidence in Asean - 3
title_sort total export and economic growth :evidence in asean - 3
topic HB Economic Theory
HC Economic History and Conditions
url http://ir.unimas.my/id/eprint/6468/
http://ir.unimas.my/id/eprint/6468/1/Royston%20Andy%20ft.pdf