The Transmission Mechanism of Bilateral Relationship Between Exports and Economic Growth in Vietnam
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Abstract
This article uses the vector error correction model (VECM) to analyze the transmission mechanism of bilateral relationship between exports and economic growth in Vietnam over the period 1999-2014. The results show that: (1) Existing bilateral relationship between exports and economic growth in Vietnam through the transmission channel in both short and long term; (2) Exports growth has been the motivation for economic growth and the resource factors play an important role in the transmission of the effects of exports to economic growth of Vietnam; (3) Economic growth also contribute to export growth by improving competitiveness in international trade through increasing productivity.Keywords: Economic growth, export, The Virtuous Circle Model, Verdoorn's Law.JEL Classifications: A12, G01, F43Downloads
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Published
2017-04-03
How to Cite
Cong, P. T., & Hiep, N. Q. (2017). The Transmission Mechanism of Bilateral Relationship Between Exports and Economic Growth in Vietnam. International Journal of Economics and Financial Issues, 7(2), 536–543. Retrieved from https://www.econjournals.com/index.php/ijefi/article/view/4081
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