AN ASSESSMENT OF THE RELATIONSHIP BETWEEN FOREIGN TRADE AND ECONOMIC PERFORMANCE: EMPIRICAL EVIDENCE FROM SOUTH AFRICA

Ca OGBOKOR; Df MEYER

Makale detayları

AN ASSESSMENT OF THE RELATIONSHIP BETWEEN FOREIGN TRADE AND ECONOMIC PERFORMANCE: EMPIRICAL EVIDENCE FROM SOUTH AFRICA

Yazarlar:

Ca OGBOKOR | Df MEYER

Yayıncı:

Sosyal Bilimler Araştırmaları Derneği

Dergi:

International Journal of Economics and Finance Studies 2017 Vol.9 Issue 1, pp.161-176

Belge Tipi:

Makale

Yayın Tarihi:

1/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000810854

Sıklık:

İki Yıllık

eISSN:

1309-8055

Özet:

 

The driving objective of the study was to estimate the impact of foreign trade on
 economic performance using the economy of South Africa as a test site. The study
 contributes to the empirical literature by testing for a long-run relationship between
 foreign trade and economic performance in South Africa by employing quarterly
 data stretching from the period 1995Q1 to 2015Q4. The method of vector
 autoregression (VAR) was employed. Variables included in the study consisted of
 real GDP, exports, openness of the economy and exchange rate. The study found
 cointegrating relationships among the variables investigated, and that export was
 found to contribute more towards economic performance compared to openness of
 the economy and exchange rates. When it came to Granger-causality analysis, the
 study found a number of unidirectional relationships between the pairs of variables
 examined in the model. For example, it was found that economic growth granger
 causes exports and also openness of the economy granger causes exports. The
 forecast error variance decomposition suggests that economic performance itself
 accounted for most of the innovations that ensued during the 10-period forecast
 horizon employed in the analysis. Policymakers could utilize the results of this
 study, when it comes to policy formulation and design for the economy of South
 Africa. The findings of the research could be used to improve upon economic policy
 for South Africa and other developing countries on a similar path. The study creates
 opportunities for further research endeavours concerning the issue under
 investigation so as to unveil more evidence on the nature of the relationship between
 foreign trade and economic performance in the economy of South Africa.

Makale detayları

AN ASSESSMENT OF THE RELATIONSHIP BETWEEN FOREIGN TRADE AND ECONOMIC PERFORMANCE: EMPIRICAL EVIDENCE FROM SOUTH AFRICA

Yazarlar: Ca OGBOKOR | Df MEYER

Yayıncı: Sosyal Bilimler Araştırmaları Derneği

Dergi: International Journal of Economics and Finance Studies 2017 Vol.9 Issue 1, pp.161-176

Belge Tipi: Makale

Yayın Tarihi: 1/2017

Belge Dili: Türkçe

Document ID (Org No.): 2000810854

Sıklık: İki Yıllık

eISSN: 1309-8055

Sayı

Yazarlar:

Ca OGBOKOR | Df MEYER

Yayıncı:

Sosyal Bilimler Araştırmaları Derneği

Dergi:

International Journal of Economics and Finance Studies 2017 Vol.9 Issue 1, pp.161-176

Belge Tipi:

Makale

Yayın Tarihi:

1/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000810854

Sıklık:

İki Yıllık

eISSN:

1309-8055