Abstract
Sources of Irish growth are examined using a recently developed Granger causality procedure with particular focus on the role of Irish exports. As augmented production function is employed where the inclusion of variables in addition to exports ensures that different impacts on exports and output are controlled for and thus, a more accurate testing of the export-led-growth hypothesis is possible. The most important sources of Irish growth are identified as the terms of trade and demand in industrial countries i.e. external sources. Bi-directional causality is found for exports and output implying a virtuous circle of growth and exports. [F1, F4].
| Original language | English |
|---|---|
| Pages (from-to) | 31-54 |
| Number of pages | 24 |
| Journal | International Economic Journal |
| Volume | 15 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - Sep 2001 |