Relationship between Export and Economic Growth in Asian Developing Countries: A Toda-Yamamoto Approach

The aim of this paper is to examine the causality relationship between export and economic growth for 13 Asian developing countries over the 1990 to 2015 years. The ARDL-Bounds test proposed by Pesaran et al. (2001) employed to analyze the long-run cointegration relationship between interested variables. Furthermore, a modified version of Granger causality test proposed by Toda and Yamamoto (1995) used to examine the causal relationship. The finding of this paper support the export-led growth (ELG) hypothesis in the sample of Thirteen Asian developing countries and support the growth-driven export (GDE) hypothesis for ten countries

Keywords:

Export , Economic Growth , Causality