Ghirmay, Teame; Sharma, Subhash; Grabowski, Richard - In: The Journal of International Trade & Economic Development 8 (1999) 2, pp. 209-229
This paper seeks to examine the causal relationship between export instability. income terms of trade instability, investment and economic growth by using the cointegration analysis and the multivariate error correction model. In addition, reverse causality is also tested by examining whether...