The Relationship between Export and Economic Growth in Libya Arab Jamahiriya
AbstractThis study investigates the relationships between export and economic growth in Libya. An econometric model has been developed and estimated in order to determine the direction of causality in both, short and long run. The annual time series used for the estimation cover the time period 1980 â€“ 2007. The findings indicate that the income, exports and relative prices are cointegrated. The long run bidirectional causality between the exports and income growth has been also proved. The study result indicates that the export promotion policy contributes to the economic growth in Libya.
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Bibliographic InfoArticle provided by Asociatia Generala a Economistilor din Romania - AGER in its journal Theoretical and Applied Economics.
Volume (Year): 1(542) (2010)
Issue (Month): 1(542) (January)
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export; economic growth; Libya; cointegration; Granger causality; export led growth.;
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- Ben Jebli, Mehdi & Ben Youssef, Slim, 2013. "Combustible renewables and waste consumption, exports and economic growth: Evidence from panel for selected MENA countries," MPRA Paper 47767, University Library of Munich, Germany.
- P. K. Mishra, 2011. "The Dynamics of Relationship between exports and economic growth in India," International Journal of Economic Sciences and Applied Research (IJESAR), Technological Educational Institute (TEI) of Kavala, Greece, vol. 4(2), pages 53-70, August.
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