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Further evidence on the Export-Led Growth Hypothesis

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  • Epaminondas Panas
  • George Vamvoukas

Abstract

The Export-Led Growth Hypothesis (ELGH) is an interesting subject of research in the field of applied economics. This paper investigates the causal links between exports and output growth in the empirical framework of the Greek economy, using error-correction modelling and multivariate Granger causality. A sensitivity analysis based on impulse responses is implemented to check the robustness of the results. The estimation procedure generates robust results, indicating that the ELGH is not valid in the case of Greece. Furthermore, the empirical findings suggest a strong and consistent causation from output growth to export performance in the long-run.

Suggested Citation

  • Epaminondas Panas & George Vamvoukas, 2002. "Further evidence on the Export-Led Growth Hypothesis," Applied Economics Letters, Taylor & Francis Journals, vol. 9(11), pages 731-735.
    • Handle: RePEc:taf:apeclt:v:9:y:2002:i:11:p:731-735
    DOI: 10.1080/13504850210126840
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    References listed on IDEAS

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