¿Importa el destino de las exportaciones para el crecimiento económico de Ghana?

Autores/as

DOI:

https://doi.org/10.52292/j.estudecon.2022.3125

Palabras clave:

Crecimiento económico, Comercio, Destino de exportación, África Subsahariana, Europa Central, Asia Central, Exportaciones

Resumen

Este trabajo investiga si los destinos de exportación son importantes para el crecimiento económico. Esta importante pregunta se responde utilizando datos de series temporales anuales que abarcan el período 1996–2018 en Ghana. Para el análisis, se seleccionaron dos destinos principales de exportación ghaneses: las regiones de África Subsahariana (SSA) y Europa y Asia Central (ECA). Los resultados del modelo autoregresivo de rezagos distribuidos” (ARDL) muestran que los destinos de las exportaciones son realmente importantes para el crecimiento económico. Específicamente, las exportaciones a la región SSA no mejoran el crecimiento a largo plazo, pero las exportaciones a la región ECA sí lo hacen tanto a corto como a largo plazo. En base en los hallazgos, proporcionamos sugerencias de políticas que buscan mejorar el crecimiento económico a través de las exportaciones para su consideración.

Descargas

Los datos de descargas todavía no están disponibles.

Citas

Ababio, R. (2015). Exports and Economic Growth in Sub-Saharan Africa: The Roles of Intra-and Inter-SSA Exports (Doctoral dissertation). Retrieved from http://ugspace.ug.edu.gh/bitstream/handle/123456789/8553/Raymond%20Ababio-%20Exports%20and%20Economic%20Growth%20in%20SubSaharan%20Africa2015.pdf;jsessionid=00CCEE08D7056330F0F4CB22F23A1E1B?sequence=1

Ahmed, A.D., Cheng, E., & Messinis, G. (2011). The role of exports, FDI and imports in development: evidence from Sub-Saharan African countries. Applied Economics, 43(26), 3719-3731. https://doi.org/10.1080/00036841003705303

Aidam, P.W., & Anaman, K.A. (2014). Export Earnings Instability and Investment in Ghana, 1981 to 2011. Modern Economy, 5(5), 625-634. https://10.4236/me.2014.55059

Arora, V., & Vamvakidis, A. (2005). How much do trading partners matter for economic growth? IMF Staff Papers, 52(1), 24-40. https://doi.org/10.5089/9781589064195.024

Arrow, K.J. (1962). The economic implications of learning by doing. Review of Economic Studies, 29(3), 155-173. https://doi.org/10.2307/2295952

Baidoo, S.T., Duodu, E., Kwarteng, E., Boatemaa, G., Opoku, L., Antwi, A., & Akomeah, R.A. (2021). Does government debt promote economic growth? New empirical evidence from Ghana. International Journal of Public Sector Performance Management, 7(2), 192-216.

Baliamoune-Lutz, M. (2011). Growth by destination (where you export matters):Trade with China and growth in African countries. African Development Review, 23(2), 202-218. https://doi.org/10.1111/j.1467-8268.2011.00281.x

Baum, A., Checherita-Westphal, C., & Rother, P. (2013). Debt and growth: New evidence for the euro area. Journal of International Money and Finance, 32(1), 809-821. https://10.1016/j.jimonfin.2012.07.004

Calderón, C., Cantú, C., & Zeufack, A.G. (2020). Trade Integration, Export Patterns, and Growth in Sub-Saharan Africa. (WBG, Policy Research Working Paper No. 9132). Retrieved from http://hdl.handle.net/10986/33268

Cebeci, T. (2014). Impact of export destinations on firm performance. (WBG, Policy Research Working Paper No. 6743). Retrieved from http://hdl.handle.net/10986/16819

Chigusiwa, L., Bindu, S., Mudavanhu, V., Muchabaiwa, L., & Mazambani, D. (2011). Export-led growth hypothesis in Zimbabwe: Does export composition matter? International Journal of Economic Research, 2(4), 111-129.

Darkoh, K.P. (2015). An empirical investigation into the export-led growth hypothesis in Ghana (Doctoral dissertation). http://10.4236/me.2021.1211083

Dawood, M., Baidoo, S.T., & Shah, S.M.R. (2021). An empirical investigation into the determinants of external debt in Asian Developing and Transition Economies. Development Studies Research, 8(1), 253-263. https://doi.org/10.1080/21665095.2021.1976658

Dickey, D.A., & Fuller, W.A. (1979). Distribution of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association, 74(366a), 427- 431. https://doi.org/10.1080/01621459.1979.10482531

Dickey, D.A., & Fuller, W.A. (1981). Likelihood ratio statistics for autoregressive time series with a unit root. Econometrica: Journal of the Econometric Society, 49(4), 1057-1072. https://doi.org/10.2307/1912517

Duodu, E., & Baidoo, S.T. (2022). The impact of capital inflows on economic growth of Ghana: Does quality of institutions matter? Journal of Public Affairs, 22(1), e2384. . 1-13. https://doi.org/10.1002/pa.2384

Duodu, E. & Baidoo, S.T. (2020). How does quality of institutions affect the impact of trade openness on economic growth of Ghana?. Cogent Economics & Finance, 8(1). https://doi.org/10.1080/23322039.2020.1812258

Egyir, J., Sakyi, D., & Baidoo, S.T. (2020). How does capital flows affect the impact of trade on economic growth in Africa?. The Journal of International Trade & Economic Development, 29(3), 353-372. https://doi.org/10.1080/09638199.2019.1692365

Hausmann, R., Pritchett, L., & Rodrik, D. (2005). Growth accelerations. Journal of Economic Growth, 10(4), 303-329. https://doi.org/10.1007/s10887-005-4712-0

Jong-A-Pin, R., & De Haan, J. (2011). Political regime change, economic liberalization and growth accelerations. Public Choice, 146(1-2), 93-115. https://doi.org/10.1007/s11127-009-9585-x

Kappa, K. (2020). Do the vegetable exports lead to economic growth? An empirical evidence in selected SAARC economies. Journal of Public Affairs,20(3), 1-11. https://doi.org/10.1002/pa.2484

Mabugu, R., & Chitiga Mabugu, M. (2014). Can trade liberalisation in South Africa reduce poverty and inequality while boosting economic growth? Macro–micro reflections. Development Southern Africa, 31(2), 257-274. https://doi.org/10.1080/0376835X.2013.871197

Mahmoodi, M., & Mahmoodi, E. (2016). Foreign direct investment, exports and economic growth: evidence from two panels of developing countries. Economic research-Ekonomska istraživanja, 29(1), 938-949. https://doi.org/10.1080/1331677X.2016.1164922

Mansouri, B. (2008). Fiscal policy and economic growth: Egypt, Morocco and Tunisia compared. In Proceeding in UNECA Conference on: Macroeconomic policy, productive capacity and economic growth in Africa. Addis Ababa, 4(3), 23-30.

Medina-Smith, E.J., & CNUCED. (2001). Is the export-led growth hypothesis valid for developing countries?: A case study of Costa Rica. (UNCTAD, Policy Issues in International Trade and Commodities Study Series No. 7). Retrieved from https://digitallibrary.un.org/record/433089?ln=es

Mensah, A.C., & Okyere, E. (2020). Causality Analysis on Export and Economic Growth Nexus in Ghana. Open Journal of Statistics, 10(5), 872-888. https://10.4236/ojs.2020.105051

Njikam, O. (2017). Export market destination and performance: Firm-level evidence from Sub-Saharan Africa. Journal of African Trade, 4(1-2), 1-19. https://10.1016/j.joat.2018.01.001

Ofori-Abebrese, G., Baidoo, S.T., & Olesu, S.T. (2021). Optimal tax rate for growth in Ghana: An empirical investigation. Journal of Public Affairs, 21(2), 1-9. https://doi.org/10.1002/pa.2223

Okyere, I., & Jilu, L. (2020). The Impact of Export and Import on Economic Growth of Ghana. European Journal of Business and Management, 12(21), 130-138. https://10.7176/EJBM/12-21-15

Pesaran, B., & Pesaran, M.H. (2010). Time series econometrics using Microfit 5.0: A user’s manual. New York: Oxford University Press.

Pesaran, M.H., Shin, Y., & Smith, R.J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16(3), 289-326. https://doi.org/10.1002/jae.616

Phillips, P.C., & Perron, P. (1988). Testing for a unit root in time series regression. Biometrika, 75(2), 335-346. https://doi.org/10.2307/2336182

Quaicoe, A., Aboagye, A.Q., & Bokpin, G.A. (2017). Assessing the impact of export processing zones on economic growth in Ghana.Research in International Business and Finance, 42(C), 1150-1163. https://10.1016/j.ribaf.2017.07.052

Quashigah, P.O., Ofori-Abebrese, G., & Pickson, R.B. (2016). Empirical analysis of the potency of fiscal policy on economic growth in Ghana. International Research Journal of Finance and Economics, 154(10), 25-36. Retrieved from http://www.internationalresearchjournaloffinanceandeconomics.com

Rangasamy, L. (2009). Exports and economic growth: The case of South Africa. Journal of International Development: The Journal of the Development Studies Association, 21(5), 603-617. https://10.1002/jid.1501

Sakyi, D. (2011). Trade openness, foreign aid and economic growth in post-liberalisation

Ghana: An application of ARDL bounds test. Journal of Economics and International Finance, 3(3), 146-156. https://doi.org/10.5897/JEIF.9000116

Sakyi, D., & Egyir, J. (2017). Effects of trade and FDI on economic growth in Africa: an empirical investigation. Transnational Corporations Review, 9(2), 66-87. https://10.1080/19186444.2017.1326717

Santos, P., Ribeiro, A., & Carvalho, V. (2013). Export-led growth in Europe: Where and what to Export?. The International Trade Journal, 30(4), 319-344. https://10.1080/08853908.2016.1197806

Siaw, A., Jiang, Y., Pickson, R.B., & Dunya, R. (2018). Agricultural exports and economic growth: A disaggregated analysis for Ghana. Theoretical Economics Letters, 8(11), 2251-2270. https://10.4236/tel.2018.811147

Sultanuzzaman, M.R., Fan, H., Mohamued, E.A., Hossain, M.I., & Islam,M.A. (2019). Effects of export and technology on economic growth: Selected emerging Asian economies. Economic Research-Ekonomska istraživanja, 32(1), 2515-2531. https://10.1080/1331677X.2019.1650656

Tuffour, J.K. (2010). Exports-Led growth hypothesis: a causality analysis of Ghana. International Journal of Economics, 4(2), 233-247.

Ugochukwu, U.S., & Chinyere, U.P. (2013). The impact of export trading on economic growth in Nigeria. International Journal of Economics, Business and Finance, 1(10), 327-341. Retrieved from http://ijebf.com/

Vacek, P. (2010). Productivity gains from exporting: do export destinations matter?. (IES Working Paper No. 18). Retrieved from http://hdl.handle.net/10419/83396

Van Niekerk, A.J. (2020). Inclusive economic sustainability: SDGs and global inequality. Sustainability, 12(13), 5427. 1-19. https://doi.org/10.3390/su12135427

Waithe, K., Lorde, T., & Francis, B. (2010). Export-led growth: A case study of Mexico. Unpublished manuscript. Available at: https://mpra.ub.unimuenchen.de/95557/1/MPRA_ paper_95557.pdf

World Bank. (2020a). World Integrated Trade Solutions database. Washington, DC: World Bank.

World Bank. (2020b). World Development Indicators. Washington, DC: World Bank.

Yameogo, C.E.W., & Omojolaibi, J.A. (2021). Trade liberalisation, economic growth and poverty level in sub-Saharan Africa (SSA). Economic Research-Ekonomska Istraživanja, 34(1), 754-774. https://10.1080/1331677x.2020.1804428

Descargas

Publicado

2022-06-25

Cómo citar

Baidoo, S. T., Baajike, F. B. ., Ayesu, E. K., & Takyi, P. O. . (2022). ¿Importa el destino de las exportaciones para el crecimiento económico de Ghana?. Estudios económicos, 39(79), 21–46. https://doi.org/10.52292/j.estudecon.2022.3125

Número

Sección

Artículos