Testing the export-led growth hypothesis: evidence from Jordan

Bassam M. AbuAl-Foul

76 citations0/0 files storedApplied Economics Letters

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Global trade and economics Monetary Policy and Economic Impact Economic and Technological Innovation

Abstract

The purpose of this study is to empirically investigate the export-led growth hypothesis in Jordan over the period 1976–1997. The empirical results from three bivariate models of VAR-L, VAR-D and ECM indicate a unidirectional causation from exports to output. These findings lend support to the export-oriented growth strategy pursued by Jordan. In promoting faster economic growth, such government institutions as Free Zones Corporations, Jordan Investment Board and Jordan Export Development Corporation should continue pursuing their mission in attracting foreign investments and boosting exports.

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References

1987Co-Integration and Error Correction: Representation, Estimation, and Testing 1969Fitting autoregressive models for prediction 1981Autoregressive modelling and money-income causality detection 1991Cointegration: how short is the long run?1987Are exports an engine of growth? Another look at the evidence 2002Further evidence on the Export-Led Growth Hypothesis

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2008Tourism, trade and growth: the case of Cyprus 2012Barriers to internationalisation in SMEs: evidence from Jordan 2014The Causal Relationship between Exports and Economic Growth in Jordan 2008A Note on the Export-Led Growth Hypothesis: A Time Series Approach 2012Import‐economic growth nexus: ARDL approach to cointegration 2009Export, Imports, Remittance and Growth in Bangladesh: An Empirical Analysis 2020The validity of the export-led growth hypothesis: some evidence from the GCC 2010Testing the export-led growth hypothesis: empirical evidence from Turkey

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