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Exports, export composition and growth : cointegration and causality evidence for Malaysia

Author

Listed:
  • Subrata Ghatak
  • Chris Milner
  • Utku Utkulu

Abstract

This paper comprehensively tests the export-led growth (ELG) hypothesis for Malaysia for the period 1955 - 90, using cointegration and causality testing based on Hsiao's synthesis of the Granger test and Akaike's minimum final prediction error criterion. The results provide support for the ELG hypothesis; aggregate exports Granger-cause real GDP and non-export GDP. This relationship is found to be driven by manufactured exports rather than by traditional exports.

Suggested Citation

  • Subrata Ghatak & Chris Milner & Utku Utkulu, 1997. "Exports, export composition and growth : cointegration and causality evidence for Malaysia," Applied Economics, Taylor & Francis Journals, vol. 29(2), pages 213-223.
    • Handle: RePEc:taf:applec:v:29:y:1997:i:2:p:213-223
    DOI: 10.1080/000368497327272
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