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| Author: | Kugler, P. |
| Title: | Growth, exports and cointegration : an empirical investigation. |
| Journal: | Weltwirtschaftliches Archiv
1991 : VOL. 127:1, p. 73-82 |
| Index terms: | GROWTH THEORY EXPORTING |
| Language: | eng |
| Abstract: | The approach proposed by Johansen is used to test for a long-run co-integrating relation between GDP, consumption and investment on the one hand and exports on the other. Using quarterly data for six countries only for France and West Germany there seems to be a strong interrelationship of the trend movement of exports and the other three key macroeconomic variables. Thus , there is only weak empirical evidence supporting the view of export-led growth. |
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