@article{article_354525, title={The Transmission Mechanism of Bilateral Relationship Between Exports and Economic Growth in Vietnam}, journal={International Journal of Economics and Financial Issues}, volume={7}, pages={536–543}, year={2017}, author={Cong, Phan The and Hiep, Nguyen Quang}, keywords={Economic growth, export, The Virtuous Circle Model, Verdoorn’s Law}, 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.}, number={2}, publisher={İlhan ÖZTÜRK}