Does institutional quality matter for the success of export-led growth?
Document Type
Article
Publication Date
1-1-2019
Abstract
This study aims to examine the influence of institutional quality on Export-led Growth (ELG) strategy with 125 countries' results. Toda and Yamamoto (1995) approach is employed to ascertain their causality between exports and growth, while both contingency table and binary logit models are for determining the influence of institutional quality on ELG from three dimensions, namely political, legal, and economics. This study finds that only 35 countries are supported by ELG hypothesis, while institutional quality does not really matter for the success of ELG, except for economic institutional quality. The results have important implications to policymakers and for further research in this field. © 2019, Universita Putra Malaysia.
Keywords
Export-led growth, Granger non-causality, Institutional quality
Divisions
FacultyofEconomicsAdministration
Publication Title
International Journal of Economics and Management
Volume
13
Issue
2
Publisher
Universiti Putra Malaysia