Export – Economic Growth Nexus in the World Regions: Directions of Public

Authors

  • Gitana Dudzevičiūtė General Jonas Žemaitis military academy of Lithuania
  • Agnė Šimelytė General Jonas Žemaitis military academy of Lithuania
  • Vidmantė Giedraitytė

DOI:

https://doi.org/10.5755/j01.ppaa.20.1.28500

Keywords:

export, economic growth, world regions, public policy

Abstract

This paper has examined a long - run causal nexus between export and economic growth in six regions of the world. For this purpose, the authors have applied the Granger causality test. Using annual data for the period of 1971 – 2018, the authors have tested the direction of the causality between the variables. The research has found unidirectional causality running from export to economic growth in Asia, Europe, North America and Oceania. Moreover, the research has noticed the absence of the Granger causality in Africa and Latin America & the Caribbean. The findings could be useful in implementing regional policy. In Asia, Europe, North America and Oceania policy makers should aware of the importance of trade and focus on implementing export-oriented policies to stimulate economic growth and achieve sustainable development.

Author Biographies

Gitana Dudzevičiūtė, General Jonas Žemaitis military academy of Lithuania

Gitana Dudzevičiūtė – Head of Defense Economics and Management Research Group, General Jonas Žemaitis military academy of Lithuania 

E-mail: gitana.dudzeviciute@lka.lt

Agnė Šimelytė, General Jonas Žemaitis military academy of Lithuania

Agnė Šimelytė – researcher, General Jonas Žemaitis military academy of Lithuania 

E-mail: agne.simelyte@lka.lt

Vidmantė Giedraitytė

Vidmantė Giedraitytė – researcher, General Jonas Žemaitis military academy of Lithuania 

E-mail: vidmante.giedraityte@lka.lt

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Published

2021-04-28

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Section

Articles