On Export and Economic Growth: A Comparative Analysis of Selected West African Countries
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Date
2022
Journal Title
Journal ISSN
Volume Title
Publisher
International Journal of Economics and Financial Issues
Abstract
The effect of export on economic growth has attracted much attention amongst researchers and practitioners. Conventional theories posit that output
growth is attainable if countries produce and export the goods in which they have comparative advantages or are resourcefully endowed. Available
evidence, however, sometimes present negative or inconclusive results on export-growth nexus. The study applied the panel cointegration and panel
corrected standard errors (PCSE) on a sample of thirteen selected West African countries for the period 1990-2018. The result shows existence of
cointegration amongst the variables. The PCSE results indicate positive long run relationships between export and growth, on one hand and exchange
rate and growth, on the other. The study recommends measures to improve trade and attain growth in region such as the complete removal all forms of
export restrictions and tariff on primary products, as well as administrative tax exemptions for domestic firms that engage in production of export goods