Презентация Japan. The relationship between real GDP and real primary exports онлайн

Содержание слайда: The relationship between real GDP and Real Primary Exports

Содержание слайда: Context Motivation behind the country selection Country profile GDP and Export relationship Methodology Results Conclusion

Содержание слайда: Reason of choice 3rd largest economy in the world Japanese cultural philosophy in their economy Small agricultural area – High yield Worldwide known mastery of manufacturing Infrastructure investments

Содержание слайда: Country profile

Содержание слайда: GDP Growth

Содержание слайда: GDP composition

Содержание слайда: Real Export

Содержание слайда: Export Structure

Содержание слайда: Exports (% of GDP)

Содержание слайда: GDP and export relationship No foreign constraints Improved technology Increased productivity Economies of scale More production  more export

Содержание слайда: Methodology Unit root test Co – integration test Vector Autoregressive model

Содержание слайда: Unit root test H0: γ = 0 (Non-stationary) HA: γ < 0 (Stationary) Non-stationary at level, but stationary at first difference

Содержание слайда: Co - integration test H0: non-stationary residuals (no co-integration exists) HA: the residuals are stationary (co-integration exists) -7.3375 < -3.67 , therefore, we can reject the null The GDP and Exports are co-integrated

Содержание слайда: VAR model DX(-1) and DY(-1) are not significant No short-run effect from exports to GDP No short-run effect from GDP to exports

Содержание слайда: Conclusion Decline in Real GDP and Real Exports Unit root test – series are non-stationary Co-integration test – real GDP and real Export are co-integrated VAR model – there is no short term relationship of GDP and Export

Содержание слайда: References Hill, C. E., Griffiths, W. E. & Lim, G. C., 2008. Principles of econometrics. 3d ed. Danvers: John Wiley & Sons Inc.. Mucahit, A. & Murat, S., 2014. RELATIONSHIP BETWEEN GDP AND EXPORT IN TURKEY. [Online] Available at: http://www.utgjiu.ro/revista/ec/pdf/2014-4.Special/51_Muchahit,%20Sari.pdf [Accessed 16 February 2017]. The World Bank, n.d. DataBank. World Development Indicators. [Online] Available at: http://databank.worldbank.org/data/reports.aspx?source=world-evelopment-indicators# [Accessed 15 February 2017]. World Trade Organisation, n.d. Merchandise trade by commodity. [Online] Available at: http://stat.wto.org/StatisticalProgram/WSDBStatProgramHome.aspx?Language=E [Accessed 15 February 2017]. Zang, W. & Baimbridge, M., 2012. Exports, imports and economic growth in South Korea and Japan: a tale of two economies, Nottingham: Applied Economics.