CAUSAL RELATIONSHIPS BETWEEN GROWTH AND FOREIGN TRADE IN THE LONG RUN: EMPIRICAL EVIDENCE FOR THE BRAZILIAN ECONOMY
DOI:
https://doi.org/10.22456/2176-5456.25181Keywords:
International trade, Economic growth, Granger causalityAbstract
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.Downloads
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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
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