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Revisiting Export-Output Growth Nexus: Findings from Granger Causality and Leveraged Bootstrap Approach for Japan

Doğuş University Journal

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Field Value
 
Title Revisiting Export-Output Growth Nexus: Findings from Granger Causality and Leveraged Bootstrap Approach for Japan
 
Creator Bal, Harun
AKÇA, Emrah Eray
Mamun, Abdulla Hil
BAYRAKTAR, Murat
 
Subject Economics; International Trade
Export-led Growth, Granger Causality, Leveraged Bootstrap Approach, Japan
C32, F14, F43
 
Description The study investigates the causal nexus between export and output growth of Japan to identify the validity of the export-led growth (ELG) hypothesis in a modified theoretical setting. The study is unique in the sense that it takes the Japanese crisis of 1992 into account and also addresses the possible income identification problem that most of the earlier studies largely ignored. The direction and extent to which the explanatory variables, namely, exports, imports, capital expenditure, total labor productivity and a dummy representing the crisis affect the industrial output are investigated employing both Granger causality and Leveraged Bootstrap Simulation Techniques. Both of the approaches suggest that the relationship between exports and output growth is not unidirectional which implies that export promotion cannot be regarded as a tool to promote economic growth for Japan that has important implications for policymakers to set suitable strategies to boost its economic growth.
 
Publisher Doğuş Üniversitesi
 
Contributor —
 
Date 2020-07-06
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
Granger Causality and Leveraged Bootstrap Approach
—
 
Format application/pdf
 
Identifier http://journal.dogus.edu.tr/index.php/duj/article/view/1258
 
Source Doğuş University Journal; Cilt 21, Sayı 2 (2020): Temmuz; 37-51
Doğuş Üniversitesi Dergisi; Cilt 21, Sayı 2 (2020): Temmuz; 37-51
1308-6979
1302-6739
 
Language eng
 
Relation http://journal.dogus.edu.tr/index.php/duj/article/view/1258/pdf
http://journal.dogus.edu.tr/index.php/duj/article/downloadSuppFile/1258/655
 
Rights Telif Hakkı (c) 2020 Doğuş Üniversitesi Dergisi