ESC
Web of Science
Entrepreneurship and Sustainability Issues Open Access Q1
Scopus - coverage starting with 2017 material
Received: 2015-06-12  |  Accepted: 2015-08-11  |  Published: 2015-09-30

Title

Export and GDP Growth in Lithuania: Short-run or Middle-run Causality?


Abstract

The research paper discusses the relationship between international trade, especially export, and the economic growth, presented by GDP, in Lithuania over the period of 2000-2015 years. The analysis is started by the historical review of possible types of relationships between exports and economic growth. Furthermore, the paper presents four theoretical propositions as export-led growth (1), growth-driven export (2), a feedback relationship (3) and simple contemporaneous relationship (4). This study examines the importance of the export-led growth hypothesis for Lithuania. The testing is based on Granger causality in the export–GDP system. The export-led growth hypothesis is found in Lithuania only in the short-run. The recommendations for future investigations are developed at the end of research paper’s parts.


Keywords

Granger causality, exogeneity, Lithuanian export, economic growth


JEL classifications

F43 , P45 , O47


URI

http://jssidoi.org/jesi/article/61


DOI


Pages

74-84


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Travkina, Irina
Vilnius Gediminas Technical University, Vilnius, Lithuania https://www.vgtu.lt
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

3


Number

1


Issue date

September 2015


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

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References