The Role of Exports, FDI and Imports in Development: Evidence from Sub-Saharan African Countries

Abdullahi Ahmed; Enjiang Cheng; George Messinis

doi:10.1080/00036841003705303

The Role of Exports, FDI and Imports in Development: Evidence from Sub-Saharan African Countries

Abdullahi Ahmed, Enjiang Cheng, George Messinis

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36 Citations (Scopus)

Abstract

The disappointing economic performance of Sub-Saharan African (SSA) economies in the late 1980s prompted reforms in foreign trade and Foreign Direct Investment (FDI) in the early 1990s. Using the Autoregressive Distributed Lag (ARDL) approach and Pedroni panel estimation procedures that allow for heterogeneity, this study found that exports and FDI have a significant impact on economic growth. Granger-type causality tests show the interrelatedness of exports, FDI, imports and income variables. The results also provide evidence of a two-stage causal chain of exports, imports and income. This article calls for more market-oriented policy reforms in SSA countries.

Original language	English
Pages (from-to)	3719-3731
Number of pages	13
Journal	Applied Economics
Volume	43
Issue number	26
DOIs	https://doi.org/10.1080/00036841003705303
Publication status	Published - Oct 2011

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The Role of Exports, FDI and Imports in Development: Evidence from Sub-Saharan African Countries

Abstract

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