Abstract

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.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.