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Title: |
Exports, Export Composition and Growth: A Simultaneous Error-Correction
Model for Tunisia |
| Author: |
Hachicha, Nejib |
| Author
Affiliation: |
Faculte des
Sciences Economiques et de Gestion |
| Source: |
International Economic Journal, Spring 2003, v. 17, no. 1, pp. 101-93 |
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Publication Date: |
Spring 2003 |
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Abstract: |
The
export-economic growth relationship has been dealt with in several
empirical studies concerning cross-section and time series data.
Although this research has contributed to measure the impact of exports
on economic growth, it still has three main drawbacks. First, the
studies on cross-section data suppose homogeneous production techniques
for the countries involved. Second, most of the research introduces a
bias in the estimation of the export impact on economic growth since it
neglects all effects of simultaneity between these two variables.
Finally, most of the estimated regressions in these studies may
constitute "spurious" regressions since the analysis of the stationarity
of the variables is missing. This paper considers the Tunisian case and
tries to study the dynamics between growth and exports through a
simultaneous error correction model. The study shows the presence of a
positive and significant relationship between exports and economic
growth driven by manufactured exports rather than food-processing
exports and international tourism. The measurement of such a
relationship is understated if the simultaneity between export expansion
and G.D.P growth is ignored. |
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