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Ítem ¿Crecer para exportar o exportar para crecer? El caso del Valle del Cauca.(Universidad Icesi, 2005-03-01) Alonso Cifuentes, Julio CésarThis document investigates the validity of the export-led growth hypothesis using annual data for the Valle del Cauca (Colombia) from 1960 to 2000. No evidence is found to support the causal relation behind the export-led growth hypothesis. A VAR model that includes the regional output, the regional exports and, two control variables: national output and real exchange rate is employed. The results show a causal relation that goes from output to exports. The estimated impulse-response functions indicate that output in the Valle del Cauca generates a positive impact on exports while the opposite does not occur. The regional level results (Valle del Cauca) are consistent with the national level results (Colombia).