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Journal of Rural Development/Nongchon-Gyeongje >
Volume 32, Issue 2, June 2009 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/90684
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| Title: | Bilateral Trade and Economic Growth: The Empirical Evidence Between U.S. and South Korea |
| Authors: | Kang, Hyunsoo
Kennedy, P. Lynn |
| Authors (Email): | Kang, Hyunsoo (kkamssik@hanmail.net) |
| Keywords: | export-led growth
bilateral trade
Granger causality
South Korea
United States |
| Issue Date: | 2009-06-21 |
| Abstract: | 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. |
| URI: | http://purl.umn.edu/90684 |
| Identifiers: | ISSN 1229-8263 |
| Institution/Association: | Journal of Rural Development/Nongchon-Gyeongje>Volume 32, Issue 2, June 2009 |
| Total Pages: | 30 |
| From Page: | 59 |
| To Page: | 88 |
| Collections: | Volume 32, Issue 2, June 2009
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| 322-04_Bilateral Trade and Economic Growth.pdf | | 564Kb | PDF | View/Open |
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