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Some evidence on the export-led growth hypothesis for Ireland

Fountas, Stilianos
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Identifiers
http://hdl.handle.net/10379/1433
 https://doi.org/10.13025/23019
Publication Date
1995-12
Keywords
Economics, Export-led growth hypothesis, Granger causality
Type
Working Paper
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Citation
Fountas, S. (1995). "Some evidence on the export-led growth hypothesis for Ireland" (Working Paper No. 008) Department of Economics, National University of Ireland, Galway.
Abstract
The objective of this paper is to test, for the export-led growth hypothesis in Ireland over the last 40 years using the modern econometric analysis of nonstationary time series. We find that over the 1950-1990 period there is no long-run relationship between real GDP and export volume and no evidence for the export-led growth hypothesis either. The analysis of the more recent 1981-1994 period provides strong evidence in favour of a long-run relationship between industrial production and export volume and Granger-causality from exports to output. These results support the export-led growth hypothesis over the last fifteen years and highlight the importance of export-promoting policies.
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Publisher
National University of Ireland, Galway
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Attribution-NonCommercial-NoDerivs 3.0 Ireland
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Economics (Working Papers)