This paper uses panel cointigration and panel causality approaches to investigate relationship between export and economic growth in the case of twelve members of former Soviet Union transition economies. Export of raw materials, energy, agricultural products and mining materials constitute the major portion of total export of these countries. The findings indicate that there is not causality runs from export growth to economic growth. This suggests that export-led growth hypothesis is not supported for twelve transition countries. The study result indicates that economic growth contributes to export growth in short-run and long-run
Alan : Sosyal, Beşeri ve İdari Bilimler
Dergi Türü : Uluslararası
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