CAUSAL RELATIONSHIPS BETWEEN GROWTH AND FOREIGN TRADE IN THE LONG RUN: EMPIRICAL EVIDENCE FOR THE BRAZILIAN ECONOMY

Authors

  • Daniel Koshiyama Economista. Mestre em Economia do Desenvolvimento.
    • Adelar Fochezatto PPGE/PUCRS

      DOI:

      https://doi.org/10.22456/2176-5456.25181

      Keywords:

      International trade, Economic growth, Granger causality

      Abstract

      The aim of this paper is to investigate the causal relationship between international trade and growth for the case of Brazil in the period of 1947-2006. For this, we apply the procedure proposed by Toda and Yamamoto (1995) to test for the Granger non-causality hypotheses. In order to ensure the reliability of the results, the non-causality test is carried out beyond the standard bivariate model and several alternative specifications are employed. We find robust evidence that exports positively Granger-cause GDP.

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      Author Biographies

      Daniel Koshiyama, Economista. Mestre em Economia do Desenvolvimento.

      Economista. Mestre em Economia do Desenvolvimento.

      Adelar Fochezatto, PPGE/PUCRS

      Doutor em Economia. Professor Titular da PUCRS. Pesquisador do CNPq.

      Published

      2013-04-03

      How to Cite

      Koshiyama, D., & Fochezatto, A. (2013). CAUSAL RELATIONSHIPS BETWEEN GROWTH AND FOREIGN TRADE IN THE LONG RUN: EMPIRICAL EVIDENCE FOR THE BRAZILIAN ECONOMY. Análise Econômica, 31(59). https://doi.org/10.22456/2176-5456.25181