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The Long Run and Short Run Impacts of Exports on Economic Growth: Evidence from Gabon

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  • Sayef Bakari

    () (Department of Economics Science, LIEI, Faculty of Economic Sciences and Management of Tunis (FSEGT), University of Tunis El Manar, Tunisia)

Abstract

This study investigates the impact of exports on economic growth in Gabon using annual time series data for the period 1980 - 2015 by implementing cointegration analysis and error correction model. The empirical results show that in the long run, investment and exports affect negatively on economic growth. However, in short run investment and export cause economic growth. These results provide evidence that investment and exports are necessary in Gabon's economy and are presented as an engine of growth since they cause economic growth in the short term. But they are not carried out and treated with a solid and fair manner, which offer new insights into Gabon’s openness policy for promoting economic growth.

Suggested Citation

  • Sayef Bakari, 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.
  • Handle: RePEc:wei:journl:v:7:y:2017:i:1:p:40-57
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    References listed on IDEAS

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    1. Balassa, Bela, 1978. "Exports and economic growth : Further evidence," Journal of Development Economics, Elsevier, vol. 5(2), pages 181-189, June.
    2. Michaely, Michael, 1977. "Exports and growth : An empirical investigation," Journal of Development Economics, Elsevier, vol. 4(1), pages 49-53, February.
    3. Edwards, Sebastian, 1998. "Openness, Productivity and Growth: What Do We Really Know?," Economic Journal, Royal Economic Society, vol. 108(447), pages 383-398, March.
    4. Tyler, William G., 1981. "Growth and export expansion in developing countries : Some empirical evidence," Journal of Development Economics, Elsevier, vol. 9(1), pages 121-130, August.
    5. Fanwell Kenala Bokosi, 2015. "Export Trade and Economic Growth in Malawi: A Disaggregated Approach," International Journal of Economics and Financial Research, Academic Research Publishing Group, vol. 1(7), pages 97-105, 10-2015.
    6. El Alaoui, Aicha, 2015. "Causality and cointegration between export, import and economic growth: evidence from Morocco," MPRA Paper 65431, University Library of Munich, Germany.
    7. Shahbaz, Muhammad & Mohammad, Mafizur Rahman, 2014. "The Dynamics of Exports, Financial Development and Economic Growth in Pakistan: New Extensions from Cointegration and Causality Analysis," MPRA Paper 53225, University Library of Munich, Germany, revised 19 Jan 2014.
    8. Edward F. Buffie, 1992. "On the Condition for Export-Led Growth," Canadian Journal of Economics, Canadian Economics Association, vol. 25(1), pages 211-225, February.
    9. elmakki, asma & Bakari, Sayef & MABROUKI, Mohamed, 2017. "The Nexus between Industrial Exports and Economic Growth in Tunisia: Empirical Analysis," MPRA Paper 79360, University Library of Munich, Germany.
    10. Bakari, Sayef, 2017. "The Nexus between Export, Import, Domestic Investment and Economic Growth in Japan," MPRA Paper 76110, University Library of Munich, Germany.
    11. Tybout, James R, 1992. "Linking Trade and Productivity: New Research Directions," World Bank Economic Review, World Bank Group, vol. 6(2), pages 189-211, May.
    12. Sayef Bakari & Mohamed Mabrouki, 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.
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    Citations

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    Cited by:

    1. Sayef Bakari & Mohamed Mabrouki & Asma Elmakki, 2018. "The Impact of Domestic Investment in the Industrial Sector on Economic Growth with Partial Openness: Evidence from Tunisia," Economics Bulletin, AccessEcon, vol. 38(1), pages 111-128.
    2. repec:seg:012016:v:2:y:2017:i:3:p:13-53 is not listed on IDEAS
    3. Bakari, Sayef, 2017. "Why is South Africa Still a Developing Country?," MPRA Paper 80763, University Library of Munich, Germany.
    4. Bakari, Sayef, 2017. "The Impact of Citrus Exports on Economic Growth: Empirical Analysis from Tunisia," MPRA Paper 82414, University Library of Munich, Germany.
    5. repec:dug:journl:y:2017:i:2:p:34-43 is not listed on IDEAS
    6. Sayef Bakari & Mohamed Mabrouki, 2017. "The Effect Of Agricultural Exports On Economic Growth In South-Eastern Europe: An Empirical Investigation Using Panel Data," Journal of Smart Economic Growth, , vol. 2(4), pages 49-64, December.
    7. Sayef Bakari, 2017. "The Impact of Vegetables Exports on Economic Growth in Tunisia," Economic Research Guardian, Weissberg Publishing, vol. 7(2), pages 72-87, December.
    8. Bakari, Sayef, 2017. "The Impact of Olive Oil Exports on Economic Growth: Empirical Analysis from Tunisia," MPRA Paper 82812, University Library of Munich, Germany, revised Oct 2017.
    9. Sayef Bakari, 2017. "The Three-Way Linkages Between Export, Import And Economic Growth: New Evidence From Tunisia," Journal of Smart Economic Growth, , vol. 2(3), pages 13-53, December.
    10. Sayef Bakari, 2017. "The Relationship between Export, Import, Domestic Investment and Economic Growth in Egypt: Empirical Analysis," EuroEconomica, Danubius University of Galati, issue 2(36), pages 34-43, November.
    11. Bakari, Sayef & Mabrouki, Mohamed, 2018. "The Impact of Agricultural Trade on Economic Growth in North Africa: Econometric Analysis by Static Gravity Model," MPRA Paper 85116, University Library of Munich, Germany.

    More about this item

    Keywords

    Quantile Unit Root Test; Structural Change; Trend Breaks; Uncovered Interest Parity;

    JEL classification:

    • F1 - International Economics - - Trade
    • F10 - International Economics - - Trade - - - General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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