Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/98283
Authors: 
Sinha, Dipendra
Year of Publication: 
1999
Series/Report no.: 
Center Discussion Paper 799
Abstract: 
In this study, we look at the relationship between export stability, investment and economic growth in nine Asian countries using time series data. The few previous time series studies in this area have not paid any attention to stationarity and cointegration issues. We find that in most cases, the variables are non-stationary in their levels and not cointegrated. These results raise serious doubts about the results of these studies. The results are not uniform across countries casting doubts about the validity of the numerous cross-section studies. For Japan, Malaysia, Philippines and Sri Lanka, we find a negative relationship between export instability and economic growth. For (South) Korea, Myanmar, Pakistan and Thailand, we find a positive relationship between the two variables. For India, we get mixed results. In most cases, economic growth is found to be positively associated with domestic investment.
Subjects: 
export instability
growth
stationarity
cointegration
JEL: 
C22
F49
O11
Document Type: 
Working Paper

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