Exports, imports, growth and causality: a study of Slovakia

Cetin, R ORCID: https://orcid.org/0000-0001-5094-3961 and Ackrill, R ORCID: https://orcid.org/0000-0002-0739-1812, 2018. Exports, imports, growth and causality: a study of Slovakia. Post-Communist Economies. ISSN 1463-1377

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Abstract

In this article, we analyse the trade–growth nexus for Slovakia. This country represents a critical case for such research because it is one of the most open economies in the world; by several measures it is the most open economy in the EU, with the most Eurocentric trade, and has maintained one of the best growth performances within the EU over a sustained period of time. In contrast to most contributions to the trade–growth literature, we analyse all six possible causal relationships between Slovakia’s exports, imports and growth, using the technique developed by Toda and Yamamoto (1995), on quarterly data from 1997Q1 to 2014Q4. We find evidence supporting both the export-led-growth hypothesis and the import-led-growth hypothesis. None of the other four relationships was found to be significant.

Item Type:	Journal article
Publication Title:	Post-Communist Economies
Creators:	Cetin, R. and Ackrill, R.
Publisher:	Routledge
Date:	16 April 2018
ISSN:	1463-1377
Identifiers:	Number Type 10.1080/14631377.2018.1442038 DOI
Divisions:	Schools > Nottingham Business School
Record created by:	Jonathan Gallacher
Date Added:	27 Apr 2018 09:43
Last Modified:	16 Oct 2019 03:00
URI:	https://irep.ntu.ac.uk/id/eprint/33368

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