期刊名称：International Journal of Economics and Research
电子版ISSN：2229-6158
出版年度：2011
卷号：2
期号：4
页码：111-129
出版社：Sanben Agency
摘要：This study examines the validity of the export-led growth hypothesis in the Zimbabwean economy. We use annual time series data for the period 1977 to 2006 in an export augmented aggregate production function framework. Applying the bounds testing (ARDL) approach to cointegration, we investigate whether a long-run relationship exists between exports and non-export GDP. Two models are estimated; the first model is the total exports model while the second model disaggregates exports into primary goods export and manufactured goods exports. Empirical results support the export-led growth hypothesis in Zimbabwe and reveal that a long-run relationship exists between exports and non-export GDP and that the direction of relationship runs from exports to non-export GDP in both the short-run and the long-run. The results also show evidence of productivity-enhancing effects of primary exports while manufactured exports are productivity-limiting in the short-run.
