Exports and economic growth in Sub-Saharan Africa: New insights from innovative econometric methods |
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Authors: | Fumitaka Furuoka |
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Affiliation: | Asia-Europe Institute, University of Malaya , Kuala Lumpur, Malaysia |
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Abstract: | This study examined the relationship between exports and economic growth in Sub-Saharan Africa. It employed innovative econometric methods, including the Fourier ADF with structural break test, a comparative analysis of three causality tests and a rolling causality test procedure. The findings suggested that there was a statistically significant relationship between exports and economic growth in several Sub-Saharan countries. However, the causal linkages between exports and economic growth in these countries were found to be weak and unstable. These empirical results have some notable policy implications. |
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Keywords: | Export economic growth nonlinear structural break rolling causality test |
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