An Analysis of the Relationship between Foreign Trade and Economic Growth in Myanmar
during 1990-2014
Volume 1, Issue 4 KYAW KYAW LYNN
Published online: 5 December 2015
Article Views: 16
Abstract
This study examines the association between foreign trade and economic growth in Myanmar over the period 1990-2014. It covers the annual data of GDP, Export and Import of Myanmar from 1980 to 2014. This study adopts two major methodological approaches – exploratory data analysis and descriptive analysis. For the first approach, the Augmented Dickey-Fuller (ADF) unit root test and Granger causality test are used under the Vector Autoregressive (VAR) model, which has rarely been studied for the Myanmar case. The second approach includes the analysis of Myanmar’s foreign trade trend with descriptive statistics. The results show that foreign trade did not generate a significant effect on the economic growth of Myanmar. Rather, import growth was negatively influenced by the economic growth of Myanmar. It is found out that the GDP growth had determined exports. Thus, a growth-driven export strategy had been applied between 1990 and 2014. Also, there was only one causal run from export growth to import growth. The results conclude that foreign trade did not significantly impact the economic growth of Myanmar over the period of 19902014.economic growth of Myanmar over the period of 1990–2014.
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To Cite this article
Lynn, K. K. (2015). An analysis of the relationship between foreign trade and economic growth in Myanmar during 1990-2014? International Journal of Business and Administrative Studies, 1(4), 114-131.