433
Views
28
CrossRef citations to date
0
Altmetric
Original Articles

Testing the export-led growth hypothesis: evidence from Jordan

Pages 393-396 | Published online: 19 Aug 2006
 

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.

Notes

1 See Jordan Investment Board (Citation2000).

2 See Central Bank of Jordan (Citation2001).

3 The bivariate models in Equations Equation1Equation3 in assume that X t and Y t , are both either I(0) or I(1).

4 Due to the additional controlled variables in the ECM, the calculations of the FPE statistics using Equations Equation4 and Equation5 take into account the change in the degrees of freedom.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.