The study examined the causal relationship between export and economic growth based on monthly data for the period 2010 to 2019. Composite Index Economic Activity (CIEA) was used as a proxy for real GDP (economic grow...The study examined the causal relationship between export and economic growth based on monthly data for the period 2010 to 2019. Composite Index Economic Activity (CIEA) was used as a proxy for real GDP (economic growth). </span><span style="font-family:Verdana;">Time series</span><span style="font-family:Verdana;"> econometric techniques were employed to explore long-run and </span><span style="font-family:Verdana;">short run</span><span style="font-family:Verdana;"> relationships as well as the causality between them.</span><span style="font-family:Verdana;"> </span><span style="font-family:Verdana;">The results revealed the existence of long-run relationships;evidence of bi-directional causality and a rapid adjustment to equilibrium between real GDP and exports. Recommendations </span></span><span style="font-family:Verdana;">are</span><span style="font-family:""> <span style="font-family:Verdana;">that,</span> <span style="font-family:Verdana;">policy makers</span><span style="font-family:Verdana;"> should focus on implementing </span><span style="font-family:Verdana;">export oriented</span><span style="font-family:Verdana;"> policies and promote economic growth to achieve sustainable development.展开更多
文摘The study examined the causal relationship between export and economic growth based on monthly data for the period 2010 to 2019. Composite Index Economic Activity (CIEA) was used as a proxy for real GDP (economic growth). </span><span style="font-family:Verdana;">Time series</span><span style="font-family:Verdana;"> econometric techniques were employed to explore long-run and </span><span style="font-family:Verdana;">short run</span><span style="font-family:Verdana;"> relationships as well as the causality between them.</span><span style="font-family:Verdana;"> </span><span style="font-family:Verdana;">The results revealed the existence of long-run relationships;evidence of bi-directional causality and a rapid adjustment to equilibrium between real GDP and exports. Recommendations </span></span><span style="font-family:Verdana;">are</span><span style="font-family:""> <span style="font-family:Verdana;">that,</span> <span style="font-family:Verdana;">policy makers</span><span style="font-family:Verdana;"> should focus on implementing </span><span style="font-family:Verdana;">export oriented</span><span style="font-family:Verdana;"> policies and promote economic growth to achieve sustainable development.
