How stable is the export-led growth hypothesis? evidence from Asia's four little dragons

dc.authoridOzturk, Ilhan -- 0000-0002-6521-0901; Tang, Chor Foon -- 0000-0003-2242-9222
dc.contributor.authorTang, Chor Foon
dc.contributor.authorLai, Yew Wah
dc.contributor.authorÖztürk, İlhan
dc.date.accessioned12.07.201910:50:10
dc.date.accessioned2019-07-12T15:28:00Z
dc.date.available12.07.201910:50:10
dc.date.available2019-07-12T15:28:00Z
dc.date.issued2015
dc.departmentMeslek Yüksekokuluen_US
dc.descriptionWOS: 000347741600024en_US
dc.description.abstractThis study re-investigates the export-led growth hypothesis for Asia's Four Little Dragons using cointegration and rolling causality analyses. Employing both bivariate (exports and GDP) and trivariate (exports, GDP and exchange rate) models, the study finds that exports and GDP are cointegrated for all the four economies, implying that there is a long run relationship between the variables. However, the rolling regression-based MWALD test shows that export-led growth in each of the four economies is not stable over their respective period of analysis. Instead of export, policymakers should start to search for alternative catalyst of growth to continuously as well as effectively promote long-term economic growth in the Four Little Dragon economies. (C) 2014 Elsevier B.V. All rights reserved.en_US
dc.identifier.doi10.1016/j.econmod.2014.09.022
dc.identifier.endpage235en_US
dc.identifier.issn0264-9993
dc.identifier.issn1873-6122
dc.identifier.scopus2-s2.0-84909969239
dc.identifier.scopusqualityQ1
dc.identifier.startpage229en_US
dc.identifier.urihttps://doi.org/10.1016/j.econmod.2014.09.022
dc.identifier.urihttps://hdl.handle.net/20.500.12507/582
dc.identifier.volume44en_US
dc.identifier.wosWOS:000347741600024
dc.identifier.wosqualityQ2
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherELSEVIER SCIENCE BVen_US
dc.relation.ispartofEconomıc Modellıng
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closeAccessen_US
dc.subjectAsia's Four Little Dragonsen_US
dc.subjectExport-led Growthen_US
dc.subjectRolling MWALD Testen_US
dc.titleHow stable is the export-led growth hypothesis? evidence from Asia's four little dragons
dc.typeArticle

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