Do exports promote savings in African countries?

Sinha, Dipendra (1999): Do exports promote savings in African countries? Published in: Economia Internazionale , Vol. 52, No. 3 (1999): pp. 383-395.

Abstract

Maizels (1968) hypothesizes that exports contribute more to savings than the non-export part of GDP. In this paper, we study the Maizels’ hypothesis for 17 African countries using time series data. The study finds general support for the Maizels’ hypothesis.

• Item Type: MPRA Paper
• Language: English
• Keywords: Maizels' hypothesis; savings; exports
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development; F - International Economics > F1 - Trade > F14 - Empirical Studies of Trade; C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes

References

Euromonitor (1989), Third World Economic Handbook, Second Ed., London: Euromonitor.

International Monetary Fund (1997) International Financial Statistics, CD-ROM version, November.

Johansen, Soren (1991) “Estimation and Hypothesis Testing of Cointegrating Vectors in Gaussian Vector Autoregressive Models,” Econometrica, Vol. 59, No. 6, pp. 1551-80.

Kim, K. J. (1990) “Export and Saving in Developing Countries,” Journal of Economics, Vol. 16, pp. 175-78.

Lee, Joong-Koon (1971) “Exports and the Propensity to Save in LDCs,” Economic Journal, Vol. 81, pp. 341-51.

Maizels, Alfred (1968) Exports and Economic Growth of Developing Countries, Cambridge University Press, Cambridge.

Pesaran, M. Hashem and Bahram Pesaran (1997) Working with Microfit 4.0 : Interactive Econometric Analysis, Oxford University Press, Oxford.

Phillips, Peter C. B. (1986) “Understanding Spurious Regressions in Economics,” Journal of Econometrics, Vol. 33, No. 4, pp. 311-40.

Phillips, Peter C. B and Bruce E. Hansen (1990) “Statistical Inference in Instrumental Variables Regression with I(1) Processes,” Review of Economic Studies, 57, No. 1, 99-125.

Sinha, Dipendra (1996) Export and Saving in Developing Countries: Another Look,” Journal of Economics, Vol. 22, No. 2, 25-28.

Wilbur, William L. and Mohammed Z. Haque (1992) “An Investigation of the Export Expansion Hypothesis,” Journal of Development Studies, Vol. 28, No. 2,pp. 297-313.

World Bank (1996) Trends in Developing Economies, Washington DC: World Bank.