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

Twumasi-Ankrah, Sampson; Wiah, E. N.

doi:10.4314/gmj.v16i1.11

Cited by 3 publications

(2 citation statements)

References 6 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The implication is that growth in exports result in growth in CIEA or past values of exports increase the prediction of CIEA growth. This result supports previous results [35] [36].…”

Section: Diagnostic Testssupporting

confidence: 94%

See 1 more Smart Citation

Causality Analysis on Export and Economic Growth Nexus in Ghana

Mensah¹,

Okyere²

2020

OJS

View full text Add to dashboard Cite

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.

show abstract

“…The implication is that growth in exports result in growth in CIEA or past values of exports increase the prediction of CIEA growth. This result supports previous results [35] [36].…”

Section: Diagnostic Testssupporting

confidence: 94%

“…Twumasi-Ankrah and Wiah [35] explored the causal influence of export earnings of cocoa towards economic growth using annual data from 1980 to 2011. The study revealed a bi-directional causality from export earnings to economic growth (GDP).…”

Section: Literature Reviewmentioning

confidence: 99%

Causality Analysis on Export and Economic Growth Nexus in Ghana

Mensah¹,

Okyere²

2020

OJS

View full text Add to dashboard Cite

show abstract

Agricultural Export, Growth and the Poor in Africa: A Meta Analysis

Adeabah

Asongu

2022

Journal of Interdisciplinary Economics

View full text Add to dashboard Cite

Over the past decade, a growing number of studies have examined the role of agricultural export in economic growth in Africa. The literature, however, provides conflicting results about the agricultural export-led growth hypothesis. In this study, we aim to re-examine the impact of agricultural export on economic growth by performing a meta-analysis. There are two questions of interest, namely, (a) whether publication bias is present in the agricultural export-growth literature in Africa, and (b) if there is an overall effect of agricultural export on economic growth. Our meta-analysis finds significant negative publication bias in the literature. Moreover, after correction for publication bias, the results show that agricultural export leads to growth in low-income and lower middle-income African countries. These results are consistent with the agricultural export-led growth hypothesis. By this, we provide empirical basis that may enhance policy decisions on resource allocation to areas of comparative advantage. Additionally, the existence of an income differential effect on the agricultural export-led growth nexus implies that agricultural export-growth strategy has a pronounced effect on the poor in Africa. The result suggests that the poor in Africa could follow an agricultural growth strategy because it is a promising means to increase per capita wealth. JEL Classification: C10; C40; I30; N50; O55

show abstract

Agricultural Export, Growth and the Poor in Africa: A Meta Analysis

Adeabah

Asongu

2021

SSRN Journal

View full text Add to dashboard Cite

Over the past decade, a growing number of studies have examined the role of agricultural export in economic growth in Africa. The literature, however, provides conflicting results about the agricultural export-led growth hypothesis. In this study, we aim to examine the impact of agricultural export on economic growth by performing a meta-analysis. Our meta-analysis finds significant presence of negative publication bias in the literature. Using mixed-effect multilevel meta-regression, we find that after correction for publication bias, the average agricultural export elasticity to economic growth is 0.763 for the poor in Africa. Interestingly, agricultural export is growth for the rich in Africa, although the elasticity of GDP is 0.043. These results are consistent with the agricultural export-led growth hypothesis. The implication is that export promotion should be targeted at agricultural output in low-income and lower middle-income countries whereas upper middle-income countries in Africa may focus on non-agricultural export.

show abstract

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

Cited by 3 publications

References 6 publications

Causality Analysis on Export and Economic Growth Nexus in Ghana

Causality Analysis on Export and Economic Growth Nexus in Ghana

Agricultural Export, Growth and the Poor in Africa: A Meta Analysis

Agricultural Export, Growth and the Poor in Africa: A Meta Analysis

Contact Info

Product

Resources

About