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Is the export-led growth hypothesis valid for Australia?

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  • Imad Moosa
Abstract
The relationship between exports and output is examined using Australian annual data over the period 1900-1993. Cointegration and causality testing fails to detect the existence of a long-run or short-run relationship between the two variables. These results are explained by restoring to the structural time series modelling approach which shows that while the output series exhibits cyclical variation, the exports series does not have this property. It is concluded that the export-led growth hypothesis is not valid for Australia.

Suggested Citation

  • Imad Moosa, 1999. "Is the export-led growth hypothesis valid for Australia?," Applied Economics, Taylor & Francis Journals, vol. 31(7), pages 903-906.
    • Handle: RePEc:taf:applec:v:31:y:1999:i:7:p:903-906
    DOI: 10.1080/000368499323869
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    References listed on IDEAS

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    1. Serletis, Apostolos, 1992. "Export growth and Canadian economic development," Journal of Development Economics, Elsevier, vol. 38(1), pages 133-145, January.
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    10. repec:bla:kyklos:v:44:y:1991:i:2:p:167-79 is not listed on IDEAS
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    Cited by:

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    2. Mukesh Kumar & Nargis & Azeema Begam, 2020. "Export-Led Growth Hypothesis: Empirical Evidence from Selected South Asian Countries," Asian Journal of Economic Modelling, Asian Economic and Social Society, vol. 8(1), pages 1-15, March.
    3. Boriss Siliverstovs & Dierk Herzer, 2006. "Export-led growth hypothesis: evidence for Chile," Applied Economics Letters, Taylor & Francis Journals, vol. 13(5), pages 319-324.
    4. Adeel Saleem & Maqbool H. Sial & Ahmed Raza Cheema, 2023. "Does an asymmetric nexus exist between exports and economic growth in Pakistan? Recent evidence from a nonlinear ARDL approach," Economic Change and Restructuring, Springer, vol. 56(1), pages 297-326, February.
    5. Hamrita Mohamed Essaied, 2013. "Export-led growth in Tunisia: A wavelet filtering based analysis," Business and Economic Horizons (BEH), Prague Development Center, vol. 9(3), pages 12-27, October.
    6. Harrison, Ann E. & Rodriguez-Clare, Andres, 2009. "Trade, Foreign Investment, and Industrial Policy," MPRA Paper 15561, University Library of Munich, Germany.
    7. Krishna Iyer & Alicia Rambaldi & Kam Ki Tang, 2009. "How trade and foreign investment affect the growth of a small but not so open economy: Australia?," Applied Economics, Taylor & Francis Journals, vol. 41(12), pages 1525-1532.
    8. Boriss Siliverstovs & Dierk Herzer, 2007. "Manufacturing exports, mining exports and growth: cointegration and causality analysis for Chile (1960-2001)," Applied Economics, Taylor & Francis Journals, vol. 39(2), pages 153-167.
    9. Harrison, Ann & Rodríguez-Clare, Andrés, 2010. "Trade, Foreign Investment, and Industrial Policy for Developing Countries," Handbook of Development Economics, in: Dani Rodrik & Mark Rosenzweig (ed.), Handbook of Development Economics, edition 1, volume 5, chapter 0, pages 4039-4214, Elsevier.
    10. Ioanna Konstantakopoulou, 2017. "The aggregate exports-GDP relation under the prism of infrequent trend breaks and multi-horizon causality," International Economics and Economic Policy, Springer, vol. 14(4), pages 661-689, October.

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