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The Role of Exports, FDI and Imports in Development: Evidence from Sub-Saharan African Countries

Ahmed, Abdullahi D and Cheng, Enjiang and Messinis, George (2011) The Role of Exports, FDI and Imports in Development: Evidence from Sub-Saharan African Countries. Applied Economics, 43 (26). pp. 3719-3731. ISSN 0003-6846

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Abstract

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.

Item Type: Article
Additional Information:

Online ISSN: 1466-4283

Uncontrolled Keywords: ResPubID20312. exports, imports, FDI, economic growth, economic development, economic performance, foreign trade, foreign direct investment, autoregressive distributed lag, ARDL, Sub-Saharan Africa, Sub-Saharan African economies
Subjects: Faculty/School/Research Centre/Department > Centre for Strategic Economic Studies (CSES)
FOR Classification > 1402 Applied Economics
SEO Classification > 9002 Property, Business Support Services and Trade
Depositing User: VUIR
Date Deposited: 03 Nov 2011 23:01
Last Modified: 23 Jan 2015 01:22
URI: http://vuir.vu.edu.au/id/eprint/7236
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Citations in Scopus: 0 - View on Scopus

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