Export-Led 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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| Format: | Conference or Workshop Item |
| Language: | English English |
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2016
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| Online Access: | https://eprints.ums.edu.my/id/eprint/31806/1/Export-Led%20Growth%20Hypothesis.pdf https://eprints.ums.edu.my/id/eprint/31806/2/Export-Led%20Growth%20Hypothesis1.pdf |
| _version_ | 1796911104785383424 |
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| author | Chia Yee Ee |
| author_facet | Chia Yee Ee |
| author_sort | Chia Yee Ee |
| collection | UMS |
| description | 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. |
| first_indexed | 2024-03-06T03:13:52Z |
| format | Conference or Workshop Item |
| id | ums.eprints-31806 |
| institution | Universiti Malaysia Sabah |
| language | English English |
| last_indexed | 2024-03-06T03:13:52Z |
| publishDate | 2016 |
| record_format | dspace |
| spelling | ums.eprints-318062022-03-02T06:04:19Z https://eprints.ums.edu.my/id/eprint/31806/ Export-Led Growth Hypothesis: Empirical Evidence from Selected Sub-Saharan African Countries Chia Yee Ee HF3000-4055 By region or country 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. 2016 Conference or Workshop Item PeerReviewed text en https://eprints.ums.edu.my/id/eprint/31806/1/Export-Led%20Growth%20Hypothesis.pdf text en https://eprints.ums.edu.my/id/eprint/31806/2/Export-Led%20Growth%20Hypothesis1.pdf 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. https://www.sciencedirect.com/science/article/pii/S2212567116000290 |
| spellingShingle | HF3000-4055 By region or country Chia Yee Ee Export-Led Growth Hypothesis: Empirical Evidence from Selected Sub-Saharan African Countries |
| title | Export-Led Growth Hypothesis: Empirical Evidence from Selected Sub-Saharan African Countries |
| title_full | Export-Led Growth Hypothesis: Empirical Evidence from Selected Sub-Saharan African Countries |
| title_fullStr | Export-Led Growth Hypothesis: Empirical Evidence from Selected Sub-Saharan African Countries |
| title_full_unstemmed | Export-Led Growth Hypothesis: Empirical Evidence from Selected Sub-Saharan African Countries |
| title_short | Export-Led Growth Hypothesis: Empirical Evidence from Selected Sub-Saharan African Countries |
| title_sort | export led growth hypothesis empirical evidence from selected sub saharan african countries |
| topic | HF3000-4055 By region or country |
| url | https://eprints.ums.edu.my/id/eprint/31806/1/Export-Led%20Growth%20Hypothesis.pdf https://eprints.ums.edu.my/id/eprint/31806/2/Export-Led%20Growth%20Hypothesis1.pdf |
| work_keys_str_mv | AT chiayeeee exportledgrowthhypothesisempiricalevidencefromselectedsubsaharanafricancountries |