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Title: |
Export-Output Causality and the Role of
Exports in Irish Growth: 1950-1997 |
| Author: |
Doyle, Eleanor |
| Author
Affiliation: |
U College Cork and U Birmingham |
| Source: |
International Economic Journal, Autumn 2001, v. 15, no. 3, pp. 31-54 |
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Publication Date: |
Autumn 2001 |
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Abstract: |
Sources of Irish growth are examined using
a recently developed Granger causality procedure with particular focus
on the role of Irish exports. An augmented production function is
employed where the inclusion of variables in addition to exports ensures
that different impacts on exports and output are controlled for and
thus, a more accurate testing of the export-led-growth hypothesis is
possible. The most important sources of Irish growth are identified as
the terms of trade and demand in industrial countries i.e. external
sources. Bi-directional causality is found for exports and output
implying a virtuous circle of growth and exports. |
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