کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5055955 1371505 2009 7 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Nonlinear dynamics and the exports-output growth nexus
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Nonlinear dynamics and the exports-output growth nexus
چکیده انگلیسی
The untested assumption of a linear relationship between exports and output growth in previous empirical investigations may lead to invalid inference if the actual relationship is nonlinear. This paper re-examines the relationship between exports and economic growth in five industrialized economies (Canada, Italy, Japan, UK, and the US) with emphasis on the effect of nonlinearities on the causal relationships. Results from linearity tests show that nonlinearities do exist in the dynamic relationship between exports and GDP growth. Nonlinear smooth transition autoregressive (STAR) model results suggest that nonlinear Granger causality flows from exports to output growth and vice versa. Predictive accuracy tests further confirm the appropriateness of the nonlinear models over the linear model specification.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 26, Issue 1, January 2009, Pages 184-190
نویسندگان
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