https://doi.org/10.1142/S2194565919500167Cited by:3 (Source: Crossref)
Abstract
This study proposes a novel statistical procedure to test the export-led growth hypothesis. The procedure integrates a Fisher-type causality method in the statistical analysis. In order to demonstrate the application of this procedure, this study examined the exports–growth nexus in low-income and lower middle-income countries in Africa. The findings obtained from the newly-proposed integrated statistical procedure were more conclusive compared to the results obtained from the individual causality tests; the findings also highlighted a complex nature of the exports–growth nexus in Africa.
JEL Classification: F43, C22
