A Note on the Export-Led Growth Hypothesis: A Time Series Approach

The export-led growth hypothesis is analysed for Argentina, Brazil, and Mexico using cointegration and causality techniques. Cointegration isfound for Argentina and Mexico in both a pre-break and post-break period, where the break is related to the introduction ofthe NAFTA. Furthermore, the causal r...

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Auteur principal: MANESCHIÖLD,PER-OLA
Langue:English
Publié: Instituto de Economía, Pontificia Universidad Católica de Chile 2008
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Accès en ligne:http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212008000200006
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Résumé:The export-led growth hypothesis is analysed for Argentina, Brazil, and Mexico using cointegration and causality techniques. Cointegration isfound for Argentina and Mexico in both a pre-break and post-break period, where the break is related to the introduction ofthe NAFTA. Furthermore, the causal relationship is either bi-directional or unidirectional from export to GDP revealing support to the hypothesis and an outward oriented policy.