Export-led growth hypothesis is an important subject of research in applied economics. This study investigates the causal relationship between export growth and output growth in the empirical framework of the Turkish Economy using cointegration procedure, eror correction model and Granger causalty techniques. A sensivity analysis based on impulse responses is applied to check the robustness of the results. The ampirical findings suggest a unidirectional causalty from output growth to export growth in the long-run. Consequently, the estimation procedure generates robust results, indicating that the ELGH isn’t valid in the case of Turkey.
Alan : Sosyal, Beşeri ve İdari Bilimler
Dergi Türü : Ulusal
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