Export expansion as determinant of economic growth in Mozambique: a co-integration analysis
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Date
2008
Authors
Journal Title
Journal ISSN
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Publisher
University of the Western Cape
Abstract
The objective of this study is to empirically examine the export-led growth hypothesis in Mozambique using quarterly time series data over the period of 1987-2004, applying a co-integration analysis, Engle and Granger(1987) Error Correction Model (ECM) and the Granger causality test. The paper explores the causal relationship between economic growth and othe explanatory variables, such as real exports, imports, labour force, gross capital formation, terms of trade, civil war and natural disasters (the last two as dummy variables).
Description
Magister Economicae - MEcon
Keywords
Economic growth, Foreign trade policies, Export promotion strategy, Import substitution strategy, Export-led growth Growth-led export, Export expansion/development, Export gains, Co-integration analysis, Error correction modelling, Mozambique