Causality Analysis on Export and Economic Growth Nexus in Ghana

Autor:	Alice Constance Mensah, Ebenezer Okyere
Rok vydání:	2020
Předmět:	Sustainable development Macroeconomics Short run 05 social sciences 050401 social sciences methods 01 natural sciences Causality 010104 statistics & probability 0504 sociology Real gross domestic product Economics 0101 mathematics Composite index Proxy (statistics) Nexus (standard)
Zdroj:	Open Journal of Statistics. 10:872-888
ISSN:	2161-7198 2161-718X
DOI:	10.4236/ojs.2020.105051
Popis:	The study examined the causal relationship between export and economic growth based on monthly data for the period 2010 to 2019. Composite Index Economic Activity (CIEA) was used as a proxy for real GDP (economic growth). Time series econometric techniques were employed to explore long-run and short run relationships as well as the causality between them. The results revealed the existence of long-run relationships; evidence of bi-directional causality and a rapid adjustment to equilibrium between real GDP and exports. Recommendations are that, policy makers should focus on implementing export oriented policies and promote economic growth to achieve sustainable development.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::ac18e1c4f082da735027675225418d87 https://doi.org/10.4236/ojs.2020.105051 Zobrazit plný text záznamu