TITLE:
Causality Analysis on Export and Economic Growth Nexus in Ghana
AUTHORS:
Alice Constance Mensah, Ebenezer Okyere
KEYWORDS:
Export, Economic Growth, CIEA, Econometric Techniques, GDP
JOURNAL NAME:
Open Journal of Statistics,
Vol.10 No.5,
October
30,
2020
ABSTRACT: 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.