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

Chia Yee Ee (2016) Export-Led Growth Hypothesis: Empirical Evidence from Selected Sub-Saharan African Countries. In: 7th International Economics & Business Management Conference (IEBMC 2015), 5 - 6 October 2015, Swiss-Garden Beach Resort, Kuantan, Pahang, Malaysia.

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Abstract

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.

Item Type:	Conference or Workshop Item (Paper)
Keyword:	Export , Economic growth , Panel data , Sub-Saharan Africa
Subjects:	H Social Sciences > HF Commerce > HF1-6182 Commerce > HF3000-4055 By region or country
Department:	FACULTY > Labuan Faculty of International Finance
Depositing User:	SITI AZIZAH BINTI IDRIS -
Date Deposited:	02 Mar 2022 14:04
Last Modified:	02 Mar 2022 14:04
URI:	https://eprints.ums.edu.my/id/eprint/31806

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