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Reinvest the relationship between exports and economic growth in African countries: New insights from innovative econometric methods

Bakari, Sayef (2021): Reinvest the relationship between exports and economic growth in African countries: New insights from innovative econometric methods.

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Abstract

This research examined the relationship between exports and economic growth in Africa. It employed many innovation econometric methods including Panel FMOLS and DOLS Estimates; Panel VECM; Panel ARDL Model; Pooled OLS, Random Effect Model, Fixed Effect Model and Hausman Test; Panel Pairwise Granger Causality Tests; Panel Toda-Yamamoto Causality Test; and Panel GMM Model. The findings suggested that the estimates of each model prove that there is a positive bidirectionnel relationship between exports and economic growth. Data includes 49 African countries for the period 1960–2018. These empirical results have some notable policy implications.

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