Export and GDP growth in Lithuania: short-run or middle-run causality?

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Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Straipsnis / Article
Language:
Anglų kalba / English
Title:
Export and GDP growth in Lithuania: short-run or middle-run causality?
Authors:
Travkina, Irina
In the Journal:
Entrepreneurship and sustainability issues. 2015, Vol. 3 (1), p. 74-84
Subject Category:
LT
Ekonomikos plėtra / Economic development; Eksportas. Importas / Export. Import.
Summary / Abstract:

LTReikšminiai žodžiai: Egzogeniškumas; Ekonomikos augimas; Grangerio priežastinis ryšys; Lietuvos eksportas; Economic growth; Exogeneity; Granger causality; Lithuanian export.

ENThe research paper discusses the relationship between international trade, especially export, and the economic growth, presented by GDP, in Lithuania over the period of 2000–2015 years. The analysis is started by the historical review of possible types of relationships between exports and economic growth. Furthermore, the paper presents four theoretical propositions as export-led growth (1), growth-driven export (2), a feedback relationship (3) and simple contemporaneous relationship (4). This study examines the importance of the export-led growth hypothesis for Lithuania. The testing is based on Granger causality in the export–GDP system. The export-led growth hypothesis is found in Lithuania only in the short-run. The recommendations for future investigations are developed at the end of research paper’s parts. [From the publication]

DOI:
10.9770/jesi.2015.2.4(7)
ISSN:
2345-0282
Subject:
Ekonomika / Economics
Related Publications:
Market openness and Lithuanian agrifood trade in the context of changing trade conditions / Jolanta Droždz. Proceedings of the 35th International Academic Conference, Barcelona. 2018. P. 45-56.
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https://www.lituanistika.lt/content/60934
Updated:
2018-12-17 14:02:16
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