Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2018.1426471
Globalisation outcomes and the real output in the subSaharan Africa LICs: a cointegration analysis
Jeroen Buysse
; Department of Agricultural Economics, Ghent University, Ghent, Belgium
Muhlis Can
; Department of Economics and Finance, Hakkari University, Hakkari, Turkey
Giray Gozgor
; Department of International Relations, Istanbul Medeniyet University, Istanbul, Turkey
Sažetak
This article examines the effects of trade openness, foreign direct
investment (FDI), and product diversification of exports to the real
gross domestic product (GDP) per capita in 11 sub-Saharan Africa Low
Income Countries (LIC): Benin, Burkina Faso, the Democratic Republic
of Congo, Kenya, Liberia, Madagascar, Malawi, Niger, Rwanda, Sierra
Leone and Zimbabwe over the period 1970–2010. We consider
time series analysis, including structural break(s) and cointegration
modelling. The results indicate that long-run relationships only exist
in Kenya, Liberia, Malawi and Sierra Leone. We also document that
(1) FDI spurs the real GDP per capita in Kenya; (2) trade openness
positively contributes to the real output in Liberia; (3) trade openness
is negatively associated with the real GDP per capita in Malawi in the
short-run; and (4) product diversification of exports promotes the real
GDP per capita in Sierra Leone
Ključne riječi
Sub-Saharan African countries; Low-income economies; real output level; globalisation; cointegration modelling; structural breaks
Hrčak ID:
200676
URI
Datum izdavanja:
3.12.2018.
Posjeta: 692 *