Globalisation outcomes and the real output in the sub-Saharan Africa LICs : a cointegration analysis
- Author
- Jeroen Buysse (UGent) , Muhlis Can and Giray Gozgor
- Organization
- Abstract
- This article examines the effects of trade openness, foreign direct investment (FDI), and product diversification of exports to the real gross domestic product (GDP) per capita in 11 sub-Saharan Africa Low Income Countries (LIC): Benin, Burkina Faso, the Democratic Republic of Congo, Kenya, Liberia, Madagascar, Malawi, Niger, Rwanda, Sierra Leone and Zimbabwe over the period 1970-2010. We consider time series analysis, including structural break(s) and cointegration modelling. The results indicate that long-run relationships only exist in Kenya, Liberia, Malawi and Sierra Leone. We also document that (1) FDI spurs the real GDP per capita in Kenya; (2) trade openness positively contributes to the real output in Liberia; (3) trade openness is negatively associated with the real GDP per capita in Malawi in the short-run; and (4) product diversification of exports promotes the real GDP per capita in Sierra Leone.
- Keywords
- FOREIGN DIRECT-INVESTMENT, ECONOMIC-GROWTH, DEVELOPING-COUNTRIES, TRADE, LIBERALIZATION, EXPORTS, DIVERSIFICATION, REGRESSIONS, INSTABILITY, SYSTEMS, POLICY, Sub-Saharan African countries, Low-income economies, real output level, globalisation, cointegration modelling, structural breaks
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Citation
Please use this url to cite or link to this publication: http://hdl.handle.net/1854/LU-8552627
- MLA
- Buysse, Jeroen, et al. “Globalisation Outcomes and the Real Output in the Sub-Saharan Africa LICs : A Cointegration Analysis.” ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA, vol. 31, no. 1, 2018, pp. 338–51, doi:10.1080/1331677X.2018.1426471.
- APA
- Buysse, J., Can, M., & Gozgor, G. (2018). Globalisation outcomes and the real output in the sub-Saharan Africa LICs : a cointegration analysis. ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA, 31(1), 338–351. https://doi.org/10.1080/1331677X.2018.1426471
- Chicago author-date
- Buysse, Jeroen, Muhlis Can, and Giray Gozgor. 2018. “Globalisation Outcomes and the Real Output in the Sub-Saharan Africa LICs : A Cointegration Analysis.” ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA 31 (1): 338–51. https://doi.org/10.1080/1331677X.2018.1426471.
- Chicago author-date (all authors)
- Buysse, Jeroen, Muhlis Can, and Giray Gozgor. 2018. “Globalisation Outcomes and the Real Output in the Sub-Saharan Africa LICs : A Cointegration Analysis.” ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA 31 (1): 338–351. doi:10.1080/1331677X.2018.1426471.
- Vancouver
- 1.Buysse J, Can M, Gozgor G. Globalisation outcomes and the real output in the sub-Saharan Africa LICs : a cointegration analysis. ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA. 2018;31(1):338–51.
- IEEE
- [1]J. Buysse, M. Can, and G. Gozgor, “Globalisation outcomes and the real output in the sub-Saharan Africa LICs : a cointegration analysis,” ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA, vol. 31, no. 1, pp. 338–351, 2018.
@article{8552627, abstract = {{This article examines the effects of trade openness, foreign direct investment (FDI), and product diversification of exports to the real gross domestic product (GDP) per capita in 11 sub-Saharan Africa Low Income Countries (LIC): Benin, Burkina Faso, the Democratic Republic of Congo, Kenya, Liberia, Madagascar, Malawi, Niger, Rwanda, Sierra Leone and Zimbabwe over the period 1970-2010. We consider time series analysis, including structural break(s) and cointegration modelling. The results indicate that long-run relationships only exist in Kenya, Liberia, Malawi and Sierra Leone. We also document that (1) FDI spurs the real GDP per capita in Kenya; (2) trade openness positively contributes to the real output in Liberia; (3) trade openness is negatively associated with the real GDP per capita in Malawi in the short-run; and (4) product diversification of exports promotes the real GDP per capita in Sierra Leone.}}, author = {{Buysse, Jeroen and Can, Muhlis and Gozgor, Giray}}, issn = {{1331-677X}}, journal = {{ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA}}, keywords = {{FOREIGN DIRECT-INVESTMENT,ECONOMIC-GROWTH,DEVELOPING-COUNTRIES,TRADE,LIBERALIZATION,EXPORTS,DIVERSIFICATION,REGRESSIONS,INSTABILITY,SYSTEMS,POLICY,Sub-Saharan African countries,Low-income economies,real output level,globalisation,cointegration modelling,structural breaks}}, language = {{eng}}, number = {{1}}, pages = {{338--351}}, title = {{Globalisation outcomes and the real output in the sub-Saharan Africa LICs : a cointegration analysis}}, url = {{http://doi.org/10.1080/1331677X.2018.1426471}}, volume = {{31}}, year = {{2018}}, }
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