The Impact of Olive Oil Exports on Economic Growth: Empirical Analysis from Tunisia

Bakari, Sayef (2017): The Impact of Olive Oil Exports on Economic Growth: Empirical Analysis from Tunisia.

Abstract

The contribution of this paper is investigating the influence of olive oil exports on Tunisian economic growth since it's never been treated before. With a view to fulfill this aim, annual data were compiled from the reports of Tunisian Central Bank for the periods between 1970 and 2016, was put to the proof by using Co integration analysis of Error Correction Model. According to the outcome of the analysis, olive oil exports have a positive incidence of economic growth in the long term and in the short run. These results appear that olive oil exports are a provenance of economic growth in Tunisia and emphasize the application of policies and strategies to encourage better exploitation in this strip.

• Item Type: MPRA Paper
• Language: English
• Keywords: Olive Oil Exports, Economic Growth, Cointegration, ECM, Tunisia.
• Subjects: F - International Economics > F0 - General; F - International Economics > F1 - Trade; F - International Economics > F1 - Trade > F11 - Neoclassical Models of Trade; F - International Economics > F1 - Trade > F13 - Trade Policy ; International Trade Organizations; F - International Economics > F1 - Trade > F14 - Empirical Studies of Trade; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence; O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O55 - Africa; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q1 - Agriculture > Q17 - Agriculture in International Trade

References

Ahmed. J and A.C.C. Kwam (1991). “Causality between Exports and Economic Growth: Empirical Evidence from Africa”. Economic Letters, vol, 37. 242-248.

Asmah. E.E (1998). “Export performance and Economic Growth: Empirical Evidence from Ghana 1966-1996”. M. Phil. Thesis. University of Cape Coast.

Aubin, C (1994). “Fiscalité indirecte et spécialisation internationale”. Revue française d'économie. Volume 9, Numéro ,3 pp. 3-22.

Awokuse, T.O (2007). “Causality between exports, imports, and economic growth: Evidence from transition economies”. Economics Letters. 94 (2007) 389–395.

Bader, H.S.S. (2016). “The effect of exports and imports on economic growth in the Arab countries: A panel data approach”. Journal of Economics Bibliography, 3(1): 100.

Bakari, S (2017). “The Impact Of Domestic Investment on Economic Growth: New Evidence From Malaysia.” Journal of Smart Economic Growth. Vol. 2(2), pages 105-121, March.

Bakari, S (2017). “Appraisal of Trade Potency on Economic Growth in Sudan: New Empirical and Policy Analysis.” Asian Development Policy Review, Asian Economic and Social Society, vol. 5(4), pages 213-225, December.

Bakari, S (2017). “The Long Run and Short Run Impacts of Exports on Economic Growth: Evidence from Gabon”. Economic Research Guardian, Weissberg Publishing, vol. 7(1), pages 40-57, June.

Bakari, S (2017). “The Impact of Citrus Exports on Economic Growth: Empirical Analysis from Tunisia.” MPRA Paper 82414, University Library of Munich, Germany.

Bakari, S (2017). “The Impact of Vegetables Exports on Economic Growth in Tunisia.” MPRA Paper 80722, University Library of Munich, Germany.

Bakari, S and Mabrouki, M (2017). “Impact of Exports and Imports on Economic Growth: New Evidence from Panama.” Journal of Smart Economic Growth, vol. 2(1), pages 67-79, March.

Balassa, B (1995). “Export, Policy Choices and Economic Growth in Developing Countries after the 1973 Oil Shock.” Journal of Development Economics, vol. 18.pp. 23-35.

Balassa, B (1989). “Outward Orientation.” In: Handbook of Development Economics, vol.2.

Balassa, B (1978). “Exports and Economic Growth: Further Evidence.” Journal of Development Economics, vol.5, 181-189.

Bhagwati, J (1993). “The case for free trade.” Sci. Am. 269(5), 18–23.

Bulagi, M.B., Hlongwane, J.J., Belete, A (2014). “Causality relationship between agricultural exports and agriculture’s share of gross domestic product in South Africa: a case of avocado, apple, mango and orange from 1994 to 2011.” African Journal of Agricultural Research. 10(9), 990–994

Chenery, H. and A. Strout (1966). “Foreign assistance and economic development”. American Economic Review, 56(4): 679-733.

Dawson, P.J (2005). “Agricultural exports and economic growth in less developed countries”. Agricultural Economics. 33,145–152.

Edwards, S (1998). “Openness. Productivity and Growth: What Do We Really Know?” Economic Journal, 108.

Faridi, Z.M (2012). “Contribution of agricultural exports to economic growth in Pakistan.” Pakistan Journal of Commerce and Social Sciences. 6(1), 133–146.

Frankel, J.B and D. Romer (1999). “Does Trade Cause Growth” American Economic Review, 89 (3).

Gilbert, N.A (2013). “Impact of agricultural exports on economic growth in Cameroon: case of banana, coffee and cocoa.” International Journal of Business and Management Review. 1(1), 44–47.

Grossman, E. M. and E. Helpman, (1989). “Quality Ladders and product Cycles.” NBER Working Paper no. 3201.

Ijirshar, V.U (2015). “The empirical analysis of agricultural exports and economic growth in Nigeria.” Journal of Development and Agricultural Economics. 7(3), 113–122

Kang, H (2015). “Agricultural exports and economic growth: empirical evidence from the major rice exporting countries.” Agricultural Economics. Czech 61(2), 81–87.

Lam, T.D (2016). “An empirical analysis of the ASEAN-4’s causality between exports and output growth.” International Journal of Economics and Financial Issues, 6(2): 497-502.

Mahmood, K and Munir, S (2017). “Agricultural exports and economic growth in Pakistan: an econometric reassessment.” Quality & Quantity. https://doi.org/10.1007/s11135-017-0534-3.

Marshall, A (1890). “Principles of Economics,” 8th edn. Macmillan, London.

Michaely, M (1977). “Exports and growth: an empirical investigation.” Journal of Development Economics. 4, 49–53.

McKinnon, R (1964). “Foreign exchange constraint in economic development and efficient aid allocation.” Economic Journal, 74(294): 388-409.

Nurkse, R (1959). “Notes on unbalanced growth.” Oxford Economic Paper. 11(3), 295–297.

Onafowora, O. A and Owoye. O (1998). “Can Trade Liberalization Stimulate Economic Growth in Africa?” World Development, 26 (3).

Rahman MA (1993). “Export and Economic Development of Bangladesh.” Working Paper. Young Economist Association. Dhaka.

Ram, R (1987). “Exports and Economic Growth in Developing Countries: Evidence from Time-series and Cross-section Data.” Economic Development and Cultural Change, vol. 33, 415-425.

Rivera-Batiz, L.A and Romer, P.M (1991a). “Economic Integration and Endogenous Growth.” The Quarterly Journal of Economics, Oxford University Press, vol. 106(2), pages 531-555.

Rivera-Batiz, L.A and Romer, P.M (1991b). “International trade with endogenous technological change.” European Economic Review, Elsevier, vol. 35(4), pages 971-1001, May.

Sachin, M.N (2015). “The dynamics of relationship between exports, imports and economic growth in India.” International Journal of Research in Humanities& Soc. Sciences, 3(7).

Savvides, A (1995). “Economic Growth in Africa.” World Development, 23 (3).

Tyler, W (1981). “Growth and Exports Expansion in Developing Countries: Some Empirical Evidence.” Journal of Development Studies, vol. 9, 121-130.

Verter, N and Becvarova, V (2016). “The impact of agricultural exports on economic growth Nigeria.” Acta universitatis agriculturae et silviculturae mendelinate brunensis, 64.