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An Analysis of the Relationship between Foreign Trade and Economic Growth in Myanmar during 1990-2014

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  • KYAW KYAW LYNN

    (Chiang Mai University, Thailand)

Abstract

This study analyzes the relationship between foreign trade and economic growth in Myanmar over the period 1990-2014. It covers the annual data of GDP, Export and Import of Myanmar from 1980 to 2014. This study adopts two major methodological approaches – exploratory data analysis and descriptive analysis. For the first approach, Augmented Dickey-Fuller (ADF) unit root test and Granger causality test are used under the framework of Vector Autoregressive (VAR) model, which have almost never been studied for the Myanmar case. The second approach includes the analysis of Myanmar’s foreign trade trend with descriptive statistics. The results show that foreign trade did not generate a significant effect on the economic growth of Myanmar. Rather, import growth was negatively influenced by the economic growth of Myanmar. It is found out that export had been determined by the GDP growth. Thus, growth-driven export strategy had been applied for the period of 1990-2014. Also, there was only one causal run from export growth to import growth. The results conclude that foreign trade did not have significant impact on the economic growth of Myanmar over the period of 1990–2014.

Suggested Citation

  • Kyaw Kyaw Lynn, 2015. "An Analysis of the Relationship between Foreign Trade and Economic Growth in Myanmar during 1990-2014," International Journal of Business and Administrative Studies, Professor Dr. Bahaudin G. Mujtaba, vol. 1(4), pages 114-131.
    • Handle: RePEc:apa:ijbaas:2015:p:114-131
    DOI: 10.20469/ijbas.1.10001-4
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    References listed on IDEAS

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    Cited by:

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    2. Jude Omokugbo OBASANMI & Festus Osasere IMASUEN, 2024. "The Relationship between Institutional Framework and International Trade: An Application of the Gravity Model," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(6), pages 2254-2263, June.

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