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

被引：20
|
作者：
Ahmed, Abdullahi D. [1 ]
Cheng, Enjiang [1 ,2 ]
Messinis, George [1 ]
机构：
[1] Victoria Univ, Ctr Strateg Econ Studies, Melbourne, Vic 8001, Australia
[2] Int Poverty Reduct Ctr China, Beijing, Peoples R China
来源：
APPLIED ECONOMICS | 2011年 / 43卷 / 26期
关键词：
FOREIGN DIRECT-INVESTMENT; ECONOMIC-GROWTH; LED GROWTH; COINTEGRATION; CAUSALITY; TRADE;
D O I：
10.1080/00036841003705303
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
引用
收藏
页码：3719 / 3731
页数：13
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