Exports and economic growth in Sub-Saharan Africa: New insights from innovative econometric methods

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 sugge...

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Bibliographic Details
Main Author: Furuoka, Fumitaka
Format: Article
Published: Taylor & Francis 2018
Subjects:
Online Access:http://eprints.um.edu.my/22056/
https://doi.org/10.1080/09638199.2018.1455890
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Institution: Universiti Malaya
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Summary: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.