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Export-Led Growth In Honduras And The Central American Region, Hermann Castro Zuniga
Export-Led Growth In Honduras And The Central American Region, Hermann Castro Zuniga
LSU Master's Theses
This thesis examines the validity of the export-led growth (ELG) hypothesis in Honduras and compares the Honduran experience to that of other Central American countries, specifically Costa Rica, El Salvador, Guatemala and Nicaragua. It further evaluates the ELG hypothesis for the agricultural sector of Honduras. The conceptual model incorporates exports into a Cobb-Douglas production function and formulates dynamic econometric models of real gross domestic product (GDP), real gross fixed capital formation (GFCF), labor and real exports for the 1970-2000 period. To test for the validity of the ELG hypothesis, Granger-causality was tested on the export coefficients of the growth equation …