Export Led Growth Hypothesis: Evidence from Kenya
Grace Muhoro,
Manaseh Otieno
Issue:
Volume 3, Issue 4, August 2014
Pages:
37-46
Received:
11 August 2014
Accepted:
27 August 2014
Published:
10 September 2014
Abstract: The Export-Led Growth Hypothesis (ELGH) postulates that export growth is one of the key determinants of economic growth. This paper aims to investigate the Export-Led Growth Hypothesis in Kenya using annual time series data from 1976 to 2011 and dynamic time series techniques of Auto Regressive Distributed Lag and 2-Stage Least Squares. The 2-Stage Least Squares is used to correct for the endogeneity problem of the variables involved. A seven-variable Vector Auto Regression (VAR) model (GDP, Exports, Imports, Household Consumption, Government Consumption, Gross Fixed Capital Formation and Foreign Direct Investment) is developed from a national income identity that links output to its contributing factors. The results indicate that there is unidirectional causality running from exports to economic growth. This implies that export-led growth hypothesis can be supported in the Kenyan economy in the short run. Besides, our results suggest that the growth rate of household consumption and Gross Fixed Capital Formation have positive and statistically significant impacts on economic growth. Hence, in the case of Kenya, export enhancing policies that will improve the quantity, quality and value of exports in the overall GDP contribution of exports are recommended in promoting and sustaining economic growth.
Abstract: The Export-Led Growth Hypothesis (ELGH) postulates that export growth is one of the key determinants of economic growth. This paper aims to investigate the Export-Led Growth Hypothesis in Kenya using annual time series data from 1976 to 2011 and dynamic time series techniques of Auto Regressive Distributed Lag and 2-Stage Least Squares. The 2-Stage...
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Interest Groups and Housing Provision in Nigeria: A Review Study
Mallo Maren Daniel,
Samuel Danjuma Wapwera,
Nehemiah Yakubu Sanda,
Eniola Samuel Olutunde
Issue:
Volume 3, Issue 4, August 2014
Pages:
47-54
Received:
9 October 2014
Accepted:
24 October 2014
Published:
30 October 2014
Abstract: There is an increasing involvement of interest groups in Nigeria’s housing processes. Prior research has examined their contribution but focusing on the cooperative sector. This study bridge the gap by examining the housing activities of interest groups in a broader perspective. Documentary research method was employed with a view to collecting large volume of data for analysis. The analysis confirmed the existence of multiple interest groups: those operating across the globe, those operating within the continental space of Africa and those that operate within Nigeria. Interestingly, these interest groups have forged partnerships that benefits Nigeria’s housing system in respect of funding, policy advocacy and research. These relationships deserve empirical study that would critically examine the variables that influence their outcomes. Secondly, the relationship of international and local interest groups is furthering the integration of the Nigerian housing sub-sector first, into the global economy, and second, into the continental economy of Africa. The benefits and challenges associated with this integration need to be empirically studied.
Abstract: There is an increasing involvement of interest groups in Nigeria’s housing processes. Prior research has examined their contribution but focusing on the cooperative sector. This study bridge the gap by examining the housing activities of interest groups in a broader perspective. Documentary research method was employed with a view to collecting lar...
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