期刊名称：International Journal of Economics and Financial Issues
电子版ISSN：2146-4138
出版年度：2015
卷号：5
期号：1
页码：199-211
语种：English
出版社：EconJournals
摘要：The Export-led growth hypotheses postulates that there is a positive causal relationship running from exports to economic growth . Accordingly, the aim of this study is to empirically investigate the applicability of the Export-Led Growth hypothesis for Jordan over the period 1980-2012. The Autoregressive Distributed Lag model (ARDL) to cointegration approach was used to ensure the existence of the long-run linear combination among variables over the study period as well as the short run movement. The tests of the variables properties show that the included variables are integrated of order one, I(1), and cointegrated indicating the existence of a long-run equilibrium. The empirical results show that they are in line with previous research specifically on Jordan case. Namely, that the exports are a significant stimulus of the economic growth in Jordan, where exports affect output growth positively in both the short-run and in the long-run. These results suggest that authorities implement an export expansion strategy to stimulating exports and hence economic growth. Keywords : Exports; Economic Growth; ARDL; Jordan. JEL Classifications: C22; F14; F43.
其他摘要：The Export-led growth hypotheses postulates that there is a positive causal relationship running from exports to economic growth . Accordingly, the aim of this study is to empirically investigate the applicability of the Export-Led Growth hypothesis for Jordan over the period 1980-2012. The Autoregressive Distributed Lag model (ARDL) to cointegration approach was used to ensure the existence of the long-run linear combination among variables over the study period as well as the short run movement. The tests of the variables properties show that the included variables are integrated of order one, I(1), and cointegrated indicating the existence of a long-run equilibrium. The empirical results show that they are in line with previous research specifically on Jordan case. Namely, that the exports are a significant stimulus of the economic growth in Jordan, where exports affect output growth positively in both the short-run and in the long-run. These results suggest that authorities implement an export expansion strategy to stimulating exports and hence economic growth. Keywords : Exports; Economic Growth; ARDL; Jordan. JEL Classifications: C22; F14; F43.
