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to March 2009. We test the cointegration and causality between the two variables. The results of Engle-Granger, Johansen … and cointegration tests are ambiguous while the Breitung test infirmed the hypothesis of cointegration between exports and …
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This paper examines the long-run and short-run relationship between Foreign Direct Investment (FDI) inflows, exports, and economic growth in Sri Lanka over 1980-2016. The study implies Autoregressive Distributed Lag (ARDL) bounds testing approach to reveal the relationship between the variables....
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sectors. Findings in the case of the pooled panel indicate the validity of the export-led growth hypothesis. Disaggregated … evidences, on the other hand, reveal the validity of export-led growth hypothesis in the case of (i) agriculture and forestry … provide a strong support in favor of an export-led growth hypothesis for four sectors in addition to the feedback hypothesis …
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