On Export and Economic Growth: A Comparative Analysis of Selected West African Countries

The effect of export on economic growth has attracted much attention amongst researchers and practitioners. Conventional theories posit that output growth is attainable if countries produce and export the goods in which they have comparative advantages or are resourcefully endowed. Available evidenc...

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Bibliographic Details
Published inInternational journal of economics and financial issues Vol. 12; no. 4; pp. 106 - 113
Main Authors Oluwatobi, Adekunle Ahmed, Daniel, Gbadebo Adedeji, Akande, Joseph Olorunfemi
Format Journal Article
LanguageEnglish
Published Mersin EconJournals 19.07.2022
Subjects
Causality
Comparative analysis
Economic growth
Exchange rate
Export
Exports
Foreign exchange rates
GDP
Gross Domestic Product
Growth rate
Hypotheses
Industrial development
International trade
Panel cointegration
Time series
Trade restrictions
Transition economies
Variables
West Africa
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Summary:The effect of export on economic growth has attracted much attention amongst researchers and practitioners. Conventional theories posit that output growth is attainable if countries produce and export the goods in which they have comparative advantages or are resourcefully endowed. Available evidence, however, sometimes present negative or inconclusive results on export-growth nexus. The study applied the panel cointegration and panel corrected standard errors (PCSE) on a sample of thirteen selected West African countries for the period 1990-2018. The result shows existence of cointegration amongst the variables. The PCSE results indicate positive long run relationships between export and growth, on one hand and exchange rate and growth, on the other. The study recommends measures to improve trade and attain growth in region such as the complete removal all forms of export restrictions and tariff on primary products, as well as administrative tax exemptions for domestic firms that engage in production of export goods.
ISSN:2146-4138
2146-4138
DOI:10.32479/ijefi.9043