| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Bilateral Trade and Economic Growth: The Empirical Evidence Between U.S. and South Korea
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| Autores: |
Kang, Hyunsoo
Kennedy, P. Lynn
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| Data: |
2009-06-21
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| Ano: |
2009
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| Palavras-chave: |
Export-led growth
Bilateral trade
Granger causality
South Korea
United States
International Relations/Trade
Political Economy
Production Economics
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| Resumo: |
This paper analyzes the relationships between bilateral trade and economic growth in the U.S. and Korean economies. Using quarterly data from 1990 to 2008, the theoretical procedures utilize Ordinary Least Square (OLS) and Seemingly Unrelated Regression (SUR) models under the static model assumption, an Impulse Response Function (IRF) and Forecast Error Variation Decomposition (FEVD) under the Vector Autoregressive (VAR) model, and Granger causality tests. Empirical results indicate a causal relationship between bilateral export growth and economic growth for the U.S. and Korean economies. The export-led growth (ELG) hypothesis is strongly supported by the results of Granger causality tests on Korean exports.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
ISSN 1229-8263
http://purl.umn.edu/90684
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| Relação: |
Journal of Rural Development/Nongchon-Gyeongje>Volume 32, Issue 2, June 2009
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| Formato: |
30
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