Export and Economic Growth in Namibia: A Granger Causality Analysis

Jordaan, Andre Cillie; Eita, Joel Hinaunye

doi:10.1111/j.1813-6982.2007.00132.x

Cited by 77 publications

(45 citation statements)

References 15 publications

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“…If time series included in the analysis are 1(1) and cointegrated, the traditional Granger causality test should not be used and proper statistical inference can be obtained by analysing the causality relationship on the basis of the error correction model (ECM). Many economic time-series are 1(1) and when they are cointegrated, the simple F-test statistic does not have a Standard distribution [28] .…”

Section: Resultsmentioning

confidence: 99%

Causal Relationships between Financial Development, Trade Openness and Economic Growth: The Case of Turkey

Yücel¹

2009

J. of Social Sciences

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Problem statement:The main objective of this study was to examine the causality relations between financial development, trade openness and economic growth (GDP) for the Turkish economy. Approach: In time series context, recently developed econometric techniques were used: namely the Augmented Dickey-Fuller (ADF) for unit root, Johansen and Juselius (JJ) for cointegration and Granger causality test for causal relationships. Results: The findings of the study showed that while trade openness has a positive effect, financial development has a negative effect on growth. Conclusion: Moreover, the Granger causality test results revealed the presence of bicausal relationship between financial development, trade openness and growth indicating that economic policies aimed at financial development and trade openness have a statistically significant impact on economic growth.

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Section: Resultsmentioning

confidence: 99%

Causal Relationships between Financial Development, Trade Openness and Economic Growth: The Case of Turkey

Yücel¹

2009

J. of Social Sciences

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“…A substantial empirical literature reports evidence consistent with the ELG hypothesis, including: Mickaely (1977), Balassa (1978Balassa ( , 1985, Tyler (1981), Feder (1982, Ram (1987), Chow (1987) Giles et al (1992), Thornton (1996), Doyle (1998), Xu (1996, Erfani (1999), Balaguer (2004), Shirazi (2004), Jordaan and Eita (2007) and Saad (2012). In the context of South Africa, Rangasamy (2009) used an error correction model (ECM) and found unidirectional Granger-causality from exports to GDP.…”

Section: Introductionmentioning

confidence: 99%

Causality between Exports and Economic Growth in South Africa: Evidence from Linear and Nonlinear Tests

Ajmi¹,

Aye²,

Balcılar³

et al. 2015

jda

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This paper investigates the dynamic causal link between exports and economic growth using both linear and nonlinear Granger causality tests. We use annual South African data on real exports and real gross domestic product from 1911-2011. The linear Granger causality result shows no evidence of significant causality between exports and GDP. The relevant VAR is unstable, which undermines our confidence in the causality result identified by the linear Granger causality test. Accordingly we turn to the nonlinear methods to evaluate Granger causality between exports and GDP. First, we use Hiemstra and Jones (1994) nonlinear Granger causality test and find a unidirectional causality from GDP to exports. However, using a more powerful and less biased nonlinear test, the Diks and Panchenko (2006) test, we find evidence of significant bi-directional causality. These results highlight the risk of misleading conclusions based on the standard linear Granger causality tests which neither accounts for structural breaks nor uncover nonlinearities in the dynamic relationship between exports and GDP.JEL Classifications: C14, C32, F43, O40

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“…This is because the simple F-test statistics does not have a standard distribution (Jordaan & Eita, 2007). Therefore, proper statistical inference can only be obtained by analyzing the causality test on the basis of vector error correction model (Yucel, 2009).…”

Section: Granger Causality Testmentioning

confidence: 99%

Causal Relationships between Financial Development, Foreign Direct Investment and Economic Growth the Case of Nigeria

Nwosa¹,

Agbeluyi²,

Saibu³

2011

IJBA

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This study examined the causal relationships among financial development, foreign direct investment and economic growth in Nigeria over the period 1970 to 2009. The study utilized the Augmented Dickey-Fuller (ADF) for unit root test and the variables were found to be stationary, though not in their level form but in their first difference. The Johansen and Juselius (JJ) co-integration technique indicated the presence of co-integration among the variables. The tri-variate vector error correction model (VECM) test for the causal relationships showed the presence of causality among financial development, foreign investment and economic growth. The study concluded that financial development and foreign direct investment have a statistically significant causal influence on economic growth.

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Export and Economic Growth in Namibia: A Granger Causality Analysis

Cited by 77 publications

References 15 publications

Causal Relationships between Financial Development, Trade Openness and Economic Growth: The Case of Turkey

Causal Relationships between Financial Development, Trade Openness and Economic Growth: The Case of Turkey

Causality between Exports and Economic Growth in South Africa: Evidence from Linear and Nonlinear Tests

Causal Relationships between Financial Development, Foreign Direct Investment and Economic Growth the Case of Nigeria

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