Export and Economic Growth Nexus in the GCC Countries: A panel Data Approach

abdulkadhim, hatem Hatef; Saeed, Sazan Taher

doi:10.18533/ijbsr.v7i12.1084

Cited by 9 publications

(6 citation statements)

References 12 publications

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“…Some theories also explain that an increase in exports will lead to an increase in economic growth. If the country can increase the number of exports, it will certainly have an impact on increasing the amount of GDP because exports are one component of GDP (Abdulkadimaltaee & Al-jafari, 2018) But there are also researchers of the view that an increase in the value of exports will reduce economic growth. (Ikpesu et al, 2019) Source : Worldbank (Data Processed), 2021…”

Section: Introductionmentioning

confidence: 99%

Effect of Export Import and Investment on Economic Growth in Indonesia (Vecm Analysis Method)

Juliansyah

Ganesha

Ichsan

et al. 2022

JMPE

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This study aims to know the effect of export, import and investment on economic growth in Indonesia. This study employis secondary data in the period 1967-2020 obrained from the World Bank. The data is analyzed by using Vector Error Correction Method (VECM). All tests used in this study are unit root test, lag length criterion test, cointegration test, Granger causality test and VAR stability test. The results showed that the export and import of Indonesia have a positive and insignificant effect on Indonesia economic growth both in short run and long run. Investment has a negative and insignificant effect on economic growth both in short run and long run in Indonesia.

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Section: Introductionmentioning

confidence: 99%

Effect of Export Import and Investment on Economic Growth in Indonesia (Vecm Analysis Method)

Juliansyah

Ganesha

Ichsan

et al. 2022

JMPE

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“…The main concern of developing countries is to sustain and accelerate economic growth by shifting to different sectors [10]. In developing countries, the agricultural sector plays an important role in generating foreign income, job opportunities and in reducing poverty in rural areas of developing countries [1,6,11].…”

Section: Introductionmentioning

confidence: 99%

Development of the Agricultural Sector and Its Contribution to the Growth of the Ethiopian Economy

Hailu

2024

IJAE

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The study analyzed the development of the agricultural sector and its contribution to the growth of the Ethiopian economy. This study used annual time series data covering the period from 2006/07 to 2020/21. Secondary data were acquired from National Bank of Ethiopia, Planning and Development Commission, Ministry of Finance, Central Statistical agency and the Ethiopian Customs Commission. Agricultural gross domestic product, capital investment, export values, government agricultural expenditure data were analyzed using descriptive statistics. Results revealed that Ethiopian budgetary support to agriculture is not meeting the target of 10% set by Comprehensive Africa Agriculture Development Program (CAADP) by investing only 3.2% of the national budgets per year which aimed at raising agricultural productivity by at least 6 percent per year. Beside this, in terms of investment capital, the share of the sector has decreased to 0.3% in 2020/21 compared to 13% in 2014/2015. Ethiopian agricultural gross domestic product (AGDP) increased by 1323 percent compared to 2006/07. However, the contribution of the sector to the gross domestic product (GDP) decreased from 45.7 percent in 2006/07 to 32.1 percent in 2020/2021. Despite the decreasing importance of agriculture in the country's GDP, Ethiopia has shown an annual growth of 205.2 percent from 2006/2007, with annual sales of approximately 3.6 million dollars. Agricultural products are still Ethiopia's main export industry, generating USD 2.5 million, accounting for 70 percent of total sales in 2020/21. Furthermore, In 2020/21, Ethiopia's economy recorded a growth of 6.3 percent, which is slightly higher than the previous year's 6.1 percent expansion. Agriculture, industry and services contributed 32.1 percent, 28.9 percent and 39 percent to the gross domestic product respectively in the 2020/21 fiscal year. In addition, between 2006/07 and 2020/21, the industry and manufacturing sector grew by 0.8 real GDP, but the agriculture and service sectors decreased by 2.6 and 0.8 real GDP respectively, resulting in a 5.8 real GDP decline in the overall Ethiopian economy. Generally, this result shows that the decrease in the contribution of the agricultural sector is not only that many natural and man-made problems do not need to be solved, but also that the government is giving less attention to the sector. Therefore, agriculture-led economic growth that is linked to improved livelihoods can become a long-lasting solution to Ethiopia's chronic poverty and to support future needs.

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“…The higher the growth rate in the manufacturing industry that exports determine, the faster the transfer of labor will be from sectors in which economic productivity is low to the industrial sector, which leads to a faster productivity increase (Altaee, 2018) of the export proceeds for the country (Gebeyehu, 2022). Ethiopia is virtually at the beginning of the manufacturing industry's expansion (Jagemma & Worku, 2021).…”

Section: Introductionmentioning

confidence: 99%

Modeling and Forecasting the Volatility of Some Industry Development Indicators in Ethiopia Using Multivariate GARCH Models

Dagnew,

Alamneh,

wosenie

2023

Preprint

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Industry development indicators refer to a set of measures used to assess the performance and growth of industries. The main aim of this study was to assess the relationship between industry development indicators in Ethiopia using a multivariate GARCH model based on World Bank data from 1982 to 2021. A time series technique using annual data for the period 1982-2021 is utilized, and multivariate generalized autoregressive conditional heteroscedasticity was performed for volatility modeling. The results of the diagonal BEKK (1, 1)-GARCH model showed that volatility is explosive; it means that the volatility of the development indicators is growing at an accelerating rate over time and potentially more extreme. The implication of the study is that both domestic policymakers and development partners should support and motivate the growth of manufacturing sectors and manufacturing exports, since this is a necessary condition for promoting industry growth.

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Export and Economic Growth Nexus in the GCC Countries: A panel Data Approach

Cited by 9 publications

References 12 publications

Effect of Export Import and Investment on Economic Growth in Indonesia (Vecm Analysis Method)

Effect of Export Import and Investment on Economic Growth in Indonesia (Vecm Analysis Method)

Development of the Agricultural Sector and Its Contribution to the Growth of the Ethiopian Economy

Modeling and Forecasting the Volatility of Some Industry Development Indicators in Ethiopia Using Multivariate GARCH Models

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