The aim of this paper is to investigate the export-led growth hypothesis for non export oil 27 Asian countries including Turkey by using panel cointegration and panel causality technique for the period 1994-2010. In the two different models, it was estimated impact on GDP and non-export GDP of exports and gross fixed capital formation. As a result, in both models exports and gross fixed capital formation to GDP unidirectional causal relationship has been found in short and long-term. In other words, the findings support the export-led growth model for 27 Asian countries including Turkey
Benzer Makaleler | Yazar | # |
---|
Makale | Yazar | # |
---|