Export-Led Growth Hypothesis: Empirical Evidence from Selected Sub-Saharan African Countries

被引：43

作者：

Ee, Chia Yee ^{[1
]}

机构：

[1] Univ Malaysia Sabah, Labuan Fac Int Finance, Labuan Int Campus,Jalan Sungai Pagar, Ft Labuan 87000, Malaysia

来源：

7TH INTERNATIONAL ECONOMICS & BUSINESS MANAGEMENT CONFERENCE (IEBMC 2015) | 2016年 / 35卷

关键词：

Export; economic growth; panel data; Sub-Saharan Africa; GRANGER CAUSALITY ANALYSIS; FOREIGN DIRECT-INVESTMENT; PANEL-DATA APPROACH; ECONOMIC-GROWTH; ASIAN COUNTRIES; TIME-SERIES; UNIT ROOTS; COINTEGRATION; REMITTANCES; DIVERSIFICATION;

D O I：

10.1016/S2212-5671(16)00029-0

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The objective of this study is to examine the validity of Export-Led Growth (ELG) hypothesis in selected Sub-Saharan African (SSA) countries for the period from 1985 to 2014. A new generation panel data approach is applied such as panel unit root, panel cointegration, Fully Modified OLS (FMOLS) and Dynamic Ordinary Least Square (DOLS). The empirical findings revealed that the panel unit root is stationary after the first difference and presents a cointegration. After the confirmation of panel cointegration, there exists a long-run relationship between exports and growth based on FMOLS and DOLS results. FMOLS and DOLS estimation showed a positive impact of investment, government expenditure and exports on the economic growth. Hence, the findings proved that export-oriented growth strategy is valid in the SSA countries. (C) 2016 The Authors. Published by Elsevier B.V.

引用

页码：232 / 240

页数：9

共 66 条

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