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The role of exports, FDI and imports in development : evidence from Sub-Saharan African countries

journal contribution
posted on 06.12.2017, 00:00 authored by Abdullahi AhmedAbdullahi Ahmed, E Cheng, G Messinis
The disappointing economic performance of Sub-Saharan African (SSA) economies in the late 1980s prompted reforms in foreign trade and Foreign Direct Investment (FDI) in the early 1990s. Using the Autoregressive Distributed Lag (ARDL) approach and Pedroni panel estimation procedures that allow for heterogeneity, this study found that exports and FDI have a significant impact on economic growth. Granger-type causality tests show the interrelatedness of exports, FDI, imports and income variables. The results also provide evidence of a two-stage causal chain of exports, imports and income. This article calls for more market-oriented policy reforms in SSA countries.

History

Volume

43

Issue

26

Start Page

3719

End Page

3731

Number of Pages

13

eISSN

1466-4283

ISSN

0003-6846

Location

United Kingdom

Publisher

Routledge

Language

en-aus

Peer Reviewed

Yes

Open Access

No

External Author Affiliations

Victoria University (Melbourne, Vic.);

Era Eligible

Yes

Journal

Applied economics.

Usage metrics

Exports