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Exports, imports, FDI and economic growth (Korean and Malasian cases) : China, Japan and South Korea

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  • Exports, imports, FDI and economic growth (Korean and Malasian cases)
  • Nguyen, Hang T.
  • University of Colorado


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Title Exports, imports, FDI and economic growth (Korean and Malasian cases)
Similar Titles
Sub Title

China, Japan and South Korea

Material Type Articles
Author(English)

Nguyen, Hang T.

Publisher

Boulder:University of Colorado

Date 2011-04
Series Title; No Discussion Papers in Economics / 11-03
Subject Country Malaysia(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Economy < Economic Conditions
Economy < Direct Investment
Holding University of Colorado

Abstract

This study analyzes the impact of trade liberalization on economic growth for Malaysia and South Korea. A four variable vector autoregression (VAR) is used to study the relationships between trade, FDI and economic growth over the time period from 1970 to 2004 (for Malaysia) and from 1976 to 2007 (for Korea). The estimated results from the Granger causality/Block exogeneity test, impulse response functions and variance decompositions confirm that exports are long-run source of both Malaysia and Korean economic growth. (2) For Malaysia, there is evidence to support the two-way causalities between each pair among the four those variables except for the absence of causality from GDP to exports. (3) For Korea, there is one-way causality from exports, imports and GDP to FDI, from exports and imports to GDP and from exports to imports. Exports are not affected by the other three variables. (The rest omitted)