Exports and Economic Growth: an Empirical Investigation of E.u, U.s.a and Japan Using Causality Tests
نویسنده
چکیده
This paper investigates the relationship between exports and economic growth in the three of the largest exporting countries in the world, such as European Union, United States of America and Japan. For this purpose we have used Granger causality analysis based on error correction model. The results of this paper suggested that exports have a causal effect on the development process for the countries of European Union, USA, while there is no causal relationship between the examined variables for Japan. keywords: exports, economic growth, cointegration, Granger causality
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