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| Author: | Gomez, D.M.(et al.) |
| Title: | Trade-led growth hypothesis in Cuban commercial regimes since 1960 |
| Journal: | Economics of transition
2011 : APR, VOL. 19:2, p. 287-304 |
| Index terms: | Cuba contracts imports trade growth unit roots cointegration models |
| Freeterms: | Granger causality |
| Language: | eng |
| Abstract: | The paper examines the impact of trade on Cuban growth during different commercial policy regimes from 1960 up to 2004. The Granger causality is used by means of the modified Wald test for augmented-level vector autoregressive model with integrated and cointegrated processes introduced by Toda and Yamamoto (1995) and Dolado and Lutekepohl (1996). There is shown an import-led growth hypothesis during the Soviet-oriented pattern that is rejected after 1990, when exports are not only responsive to growth expansion but also to imports' behaviour. |
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