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Export-led growth: the case of the Slovenian and Estonian economies

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  • Maja Trošt
  • Štefan Bojnec

Abstract

The export-led growth hypothesis is investigated in the case of the two small, open and export-oriented Slovenian and Estonian economies. The Johansen cointegration test and Granger causality test were applied to investigate the relationship between the time series variables for export, import and gross domestic product (GDP). The results reveal evidence to support the export-led growth hypothesis in both economies. The Granger causality relationship is found between export growth and economic (GDP) growth for both countries. Slovenia and Estonia can enhance economic growth by providing a better enabling environment for exporters and by market expansion.

Suggested Citation

  • Maja Trošt & Štefan Bojnec, 2016. "Export-led growth: the case of the Slovenian and Estonian economies," Post-Communist Economies, Taylor & Francis Journals, vol. 28(3), pages 373-383, July.
    • Handle: RePEc:taf:pocoec:v:28:y:2016:i:3:p:373-383
    DOI: 10.1080/14631377.2016.1184425
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    References listed on IDEAS

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    1. Ahdi N. Ajmi & Goodness C. Aye & Mehmet Balcilar & Rangan Gupta, 2015. "Causality between exports and economic growth in South Africa: evidence from linear and nonlinear tests," Journal of Developing Areas, Tennessee State University, College of Business, vol. 49(2), pages 163-181, April-Jun.
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    Cited by:

    1. Rahmi Cetin & Robert Ackrill, 2017. "Openness and Growth in Challenging Times: Analysing the trade-growth nexus for Slovakia," NBS Discussion Papers in Economics 2017/08, Economics, Nottingham Business School, Nottingham Trent University.
    2. Sayef Bakari & Fatma Saaidia & Ahlem Soualhia, 2019. "Evaluation Of Trade Influence On Economic Growth In China: A Time Series Analysis," Journal of Smart Economic Growth, , vol. 4(3), pages 57-72, December.
    3. Shib Sankar Jana & Tarak Nath Sahu & Krishna Dayal Pandey, 2024. "Growth in Foreign Trade in Liberalized India: The Relevance of FDI," Global Business Review, International Management Institute, vol. 25(1), pages 252-267, February.
    4. Shib Sankar Jana & Tarak Nath Sahu & Krishna Dayal Pandey, 2020. "How far is FDI relevant to India’s foreign trade growth? An empirical investigation," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 9(1), pages 1-19, December.
    5. Sasa OBRADOVIĆ & Nemanja LOJANICA, 2019. "Export-Led Growth: Evidence from Post-Communist Serbia," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 131-145, June.

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