Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
982914 | Procedia Economics and Finance | 2015 | 7 Pages |
Abstract
This paper empirically investigates the export-led growth hypothesis for Costa Rica. Johansen co-integration and Granger Causality tests are employed to investigate the long-run relationship and causality between exports and economic growth respectively. The results of Johansen co-integration indicate a long-run equilibrium relationship between exports and economic growth. Granger causality test results show an unidirectional causality from economic growth to export growth of Costa Rica.
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