Exports and economic growth: The case of South Africa

Rangasamy, Logan

doi:10.1002/jid.1501

Cited by 32 publications

(20 citation statements)

References 39 publications

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“…The study revealed that exports Granger-cause GDP, and suggested that the export-led growth strategy through various incentives has a positive influence on growth. Rangasamy (2008) examined the exports and economic growth relationship for South Africa. The study provided an evidence of unidirectional Granger causality runs from exports to economic growth.…”

Section: Introductionmentioning

confidence: 99%

Testing for Long-Run Relation between Economic Growth and Export Earnings of Cocoa in Ghana using Co-Integration Techniques

Twumasi-Ankrah¹,

Wiah²

2016

Ghana Mining Journal

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In this study, we explore the causal influence of export earnings of cocoa towards economic growth (i.e., gross domestic product (GDP)). The augmented Dickey-Fuller (ADF) and the Phillips-Perron (PP) unit root tests indicate that the two series are integrated of order one, I (1). The results of the trace and the maxi-eigenvalue cointegration test based on Johansen's procedure indicate the existence of a cointegration between export earnings of cocoa and GDP. Thus, the two variables of the study have a long-run equilibrium relationship. The vector error correction model of order two, VECM (2), was considered as the "best" model after evaluating other competing models. It is observed that, in the long-run, previous year export earnings of cocoa is positively related to economic growth. In the short run, the results revealed that the previous GDP has positive effect on current GDP; and higher export earnings of cocoa have positive effect on GDP. Feedback causality is observed between economic growth (GDP) and export earnings of cocoa. This suggests a bi-directional causality from export earnings to economic growth (GDP). UMaT. His current research interest focuses on applying discrete and continuous element modeling to vegetation patterns. Also, interested in numerical weather and climate prediction and regional climate modeling using WRF.

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Section: Introductionmentioning

confidence: 99%

Testing for Long-Run Relation between Economic Growth and Export Earnings of Cocoa in Ghana using Co-Integration Techniques

Twumasi-Ankrah¹,

Wiah²

2016

Ghana Mining Journal

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“…Avocado, apple, mango and orange production in South Africa over the decade has shown good growth trends. In South Africa recently, empirical studies carried out (Dlamini and Fraser, 2010;Rangasamy, 2009;Pearson et al, 2010) to appraise the impact of export growth in comparison to economic growth, comparatively yet little has been done to analyse the impact of a single or few produce within the agricultural sector. The issue of how South Africa's agricultural sector can greatly contribute to economic growth is one of the fundamental economic questions which need proper considerations.…”

Section: Introductionmentioning

confidence: 99%

Causality relationship between agricultural exports and agricultures share of gross domestic product in South Africa: A case of avocado, apple, mango and orange from 1994 to 2011

Bulagi¹,

Hlongwane²,

Belete³

2015

Afr. J. Agric. Res.

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The study analysed causality between agricultural exports and its share of gross domestic product in South Africa from 1994 to 2011. Apple, avocado, mango and orange exports in tonnes were used to Granger analyse agricultural exports versa agricultural GDP contribution. The results of the Granger causality test showed a unidirectional causality between exports and GDP. Policies and programmes can help farmers with employees wage to enter the export markets which are ineffectual. Policies can be aimed at redress, such as the Employment Equity Act; which is size dependent on other sectors outside agriculture which discourage growth and export participation.

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“…Some scholars, digging the exports, have come up with interesting conclusions. For example, Abu-qarn and Abu-bader (2004), Herzer et al (2006) and Rangasamy (2009).…”

Section: Significance and Objectivesmentioning

confidence: 99%

Services Exports and Economic Growth in Sri Lanka: An Anatomy of GDP Components

Priyankara¹

2018

(GJEB)

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This study examines the causality relationship not only between services exports and overall GDP but also between services exports and GDP components, using annual time series data of Sri Lanka from 1981 to 2013. The results show that (1) export-led growth hypothesis holds for services exports of Sri Lanka, and (2) there exist unidirectional causality from services exports to household consumption, feedback effect of services exports on the gross capital formation and unidirectional causality from government expenditure to services exports. The causality channel of services exports causing economic growth via gross capital formation is empirically supporting current economic growth theory. Therefore, a successful and sustained economic growth for Sri Lanka needs more allocation of earning from services exports towards the gross capital formation.

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Exports and economic growth: The case of South Africa

Cited by 32 publications

References 39 publications

Testing for Long-Run Relation between Economic Growth and Export Earnings of Cocoa in Ghana using Co-Integration Techniques

Testing for Long-Run Relation between Economic Growth and Export Earnings of Cocoa in Ghana using Co-Integration Techniques

Causality relationship between agricultural exports and agricultures share of gross domestic product in South Africa: A case of avocado, apple, mango and orange from 1994 to 2011

Services Exports and Economic Growth in Sri Lanka: An Anatomy of GDP Components

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