Conventional models examining the relationship between devaluation and exports are based on exchange rate pass through. These suggest that after devaluation exports become cheaper, relative to other exports, and the growing export market is posited to stimulate the economy. If devaluation has a...

We examine the export-led growth (ELG) hypothesis from a different perspective asking if the choice of data and/or methodology drives the results. We apply the Granger causality test modified by the corresponding error correction model using real export data from two common sources: the...