Exportled growth Hypothesis Empirical evidence From selected Sub-Saharan African countries
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...
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my.ums.eprints.229422019-07-24T06:25:47Z https://eprints.ums.edu.my/id/eprint/22942/ Exportled growth Hypothesis Empirical evidence From selected Sub-Saharan African countries Chia, Yee Ee HC Economic history and conditions 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. Universiti Malaysia Sabah Research Report NonPeerReviewed text en https://eprints.ums.edu.my/id/eprint/22942/1/Exportled%20growth%20Hypothesis%20Empirical%20evidence%20From%20selected%20Sub-Saharan%20African%20countries.pdf Chia, Yee Ee Exportled growth Hypothesis Empirical evidence From selected Sub-Saharan African countries. (Unpublished) |
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HC Economic history and conditions |
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HC Economic history and conditions Chia, Yee Ee Exportled growth Hypothesis Empirical evidence From selected Sub-Saharan African countries |
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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. |
format |
Research Report |
author |
Chia, Yee Ee |
author_facet |
Chia, Yee Ee |
author_sort |
Chia, Yee Ee |
title |
Exportled growth Hypothesis Empirical evidence From selected Sub-Saharan African countries |
title_short |
Exportled growth Hypothesis Empirical evidence From selected Sub-Saharan African countries |
title_full |
Exportled growth Hypothesis Empirical evidence From selected Sub-Saharan African countries |
title_fullStr |
Exportled growth Hypothesis Empirical evidence From selected Sub-Saharan African countries |
title_full_unstemmed |
Exportled growth Hypothesis Empirical evidence From selected Sub-Saharan African countries |
title_sort |
exportled growth hypothesis empirical evidence from selected sub-saharan african countries |
publisher |
Universiti Malaysia Sabah |
url |
https://eprints.ums.edu.my/id/eprint/22942/1/Exportled%20growth%20Hypothesis%20Empirical%20evidence%20From%20selected%20Sub-Saharan%20African%20countries.pdf https://eprints.ums.edu.my/id/eprint/22942/ |
_version_ |
1760230037725904896 |
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13.149126 |