Empirical evidence supporting the export-led growth (ELG) hypothesis has been mixed and inconclusive. Some studies may … have been misspecified since they tested the ELG hypothesis using bivariate models. Others used multivariate cointegration … third variable. We utilize Johansen and Juselius cointegration procedure and error correction modeling to test the ELG …

-2012. Design/methodology/approach The authors use panel vector auto regression, panel cointegration and causality tests in this … study. Findings The authors find evidence of long-run causality from exports to OFDI. Further, exports and OFDI are found to … be substitutes. There is no long-run causality from OFDI to exports, implying that MNEs are not “connecting” with home …

these four countries on economic growth and its magnitude is higher for Sri Lanka economy. The exports and investment has …This study analyzed the hypothesis that export instability affects the economic growth for SAARC region countries … additional variables. The Augmented Dickey Fuller (ADF) and Johansson Cointegration tests are used to test stationarity for all …

growth. Except for the use of exports to measure trade openness, using openness index and imports to proxy for trade openness …, more openness, exports and imports lead to increased economic growth. This implies that a significant proportion of … economic growth in Uganda has been due to short-run increase in the country's openness, more exports and imports. This paper …

that are likely to contribute to economic growth and employment in Bangladesh. This paper concludes that exports, FDI and …This paper applies multivariate cointegration methodology and vector error-correction models to investigate the factors … external remittances enhance both economic growth and employment in the short run. But the exchange rate depreciation seems …

of uni-directional causality between export and economic growth in Nigeria in three measures of exports and the direction … of causality runs strictly from economic growth to exports. This study provided support for growth-led export in case of … 2009 was used and the study employs unit root testing, co-integration analysis and VAR Granger Causality/Exogeneity Wald …

export as a proxy for economic growth, the results show that there is bi-directional causality between export and economic …This paper investigates the causal relationship between export and economic growth for Botswana, using quarterly data … for the period 1995.1-2005.4. It uses two measures of economic growth namely, GDP and GDP excluding export. When GDP is …