00000caa a22000003i 4500 UP-1685594773862408642 Buklod 20210406150139.0 m | | ta 210406s2007 xx r |||| u|eng d 1655-1516 (iLib)UPBAG-00039679800 BAG rda eng ARTICLE-2972 Choong, Chee-Keong author. Export-led growth hypothesis new evidence from Thirlwall's idea Chee-Keong Choong, Zulkornain Yusop and Siong-Hook Law. 2007. pages [125]-150 25 cm text rdacontent unmediated rdamedia volume rdacarrier Title was 'Philippine Review of Business and Economics' until 1979. Title changed to 'Philippine Review of Economics and Business' from 1980-2000, and again changed to 'Philippine Review of Economics' since 2001. Includes bibliographical references (pages 146-150). This study reexamines the relationship between exports and economic growth in ten East Asian and Pacific economies by building upon Verdoorn's [1941] idea. The cointegration tests indicate the existence of long-run and stable relationships between economic growth, exports, imports, capital, and labor in each economy. Granger-causality tests indicate short-run in causality (either export-led growth or growth-driven exports) in most economies. Besides, among the long-run estimated coefficients between exports and imports, Fiji, Hong Kong, Japan, Malaysia, and the Philippines satisfy the intertemporal budget constraints that is, these economies have an effective international trade policy to balance their trade position. The findings are in line with traditional trade theories and some recently developed endogenous growth theories. Exports Eastern Asia. Exports Pacific Area. Economic development Eastern Asia. Economic development Pacific Area. Yusop, Zulkornain author. Law, Siong-Hook author. The Philippine Review of Economics Vol. XLIV, No. 1 (June 2007), p. [125]-150. Request full-text access via UPB University Library through https://forms.gle/KZjBv7aRtY6jiL5E9 (viewed 06 April 2021) UPBAG UPBAG-MAIN ARTICLE-2972 Analytics