Title
Export and GDP Growth in Lithuania: Short-run or Middle-run Causality?
Abstract
The research paper discusses the relationship between international trade, especially export, and the economic growth, presented by GDP, in Lithuania over the period of 2000-2015 years. The analysis is started by the historical review of possible types of relationships between exports and economic growth. Furthermore, the paper presents four theoretical propositions as export-led growth (1), growth-driven export (2), a feedback relationship (3) and simple contemporaneous relationship (4). This study examines the importance of the export-led growth hypothesis for Lithuania. The testing is based on Granger causality in the export–GDP system. The export-led growth hypothesis is found in Lithuania only in the short-run. The recommendations for future investigations are developed at the end of research paper’s parts.
Keywords
Granger causality, exogeneity, Lithuanian export, economic growth
JEL classifications
F43 , P45 , O47
URI
http://jssidoi.org/jesi/article/61
DOI
Pages
74-84
This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License
RSS 1.0
