A LITERATURE REVIEW ON THE RELATIONSHIP OF EXPORT AND ECONOMIC GROWTH

Abstract

In this study, the development of the relationship between exports and economic growth in the literature is presented. The study highlights that many empirical studies focus on testing the role of exports in promoting economic growth or examining the direction of causality between these two variables. Although the positive effect of exports on growth is known, there are some methodological differences regarding the results obtained from these empirical studies. A general observation from these studies is that the literature produces different results and there is no consensus on the existence and direction of the causality between exports and economic growth. The reason for this fundamental difference stems from the difference in econometric methods used and the selected countries or country groups