Abstract

This paper investigates the causal relationship between export growth and economic growth in Japan by performing augmented Granger-causality tests using the bootstrap simulation technique. The estimated results show that the Granger-causality is bi-directional for the period 1960–1999. The established bi-directional causality suggests that the expansion of exports is an integral part of the economic growth process in Japan.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call