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标题：Relationship between mining revenue, government consumption, exchange rate and economic growth in Botswana
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作者：Kegomoditswe Koitsiwe ; Tsuyoshi Adachi
期刊名称：Contaduría y Administración
印刷版ISSN：0186-1042
出版年度：2015
卷号：60
期号：1
页码：133-148
语种：English
出版社：Universidad Nacional Autónoma de México
摘要：This study empirically investigates the dynamic relationships between mining revenue, government consumption, exchange rate and economic growth in Botswana. Quarterly data from 1994 to 2012 were analysed through the use of unrestricted vector autoregressive (VAR) modelling consisting of impulse response functions, variance decomposition and VAR Granger causality. The impulse response functions showed the positive and negative response to mining shocks while variance decomposition indicates that mining revenue defines the variability in economic growth and government consumption. The empirical results also suggest that mining revenue and exchange rate granger cause economic growth while government consumption is caused by mining revenue and economic growth. These observations reveal how vulnerable the economy of Botswana is to external shocks. We conclude that, although mining sector has a significant role in the economy of Botswana, it is necessary for the government to adopt further structural reforms that promote non-mi - ning sector development to diversify the export. All Rights Reserved © 2015 Universidad Nacional Autónoma de México, Facultad de Contaduría y Administración. This is an open access item distributed under the Creative Commons CC License BY-NC-ND 4.0.
关键词：Botswana; Economic growth; Natural resource curse; VAR; VAR Granger Causality Bostwana; Crecimiento económico; Maldición de recursos naturales; VAR; C...