Open AccessTime-series Evidence for Export-led Growth Paradigm: A Case Study of Zimbabwe
Author(s) -
Cyril A. Ogbokor
Publication year - 2005
Publication title -
journal of social sciences
Language(s) - English
Resource type - Journals
eISSN - 1558-6987
pISSN - 1549-3652
DOI - 10.3844/jssp.2005.77.80
Subject(s) - series (stratigraphy) , economics , development economics , paradigm shift , economic system , macroeconomics , natural resource economics , biology , epistemology , paleontology , philosophy
The study addresses empirically the Export-led Growth Hypothesis (ELGH) using
Zimbabwe as a case study. This research work attempts to provide some evidence in this regard by
examining the influence of trade on economic growth in the economy and ascertaining if the regressors
utilised are good predictors of growth. Ordinary Least Squares (OLS) method is resorted in order to
estimate the specified equations used in the study. The time-series data utilized runs from 1991 to
2003. The results of the study confirm the existence of the export-led growth model in Zimbabwe. In
the face of continual instability in its export receipts, we recommend that fundamental economic and
political restructuring should be embarked upon in order to address and subsequently reverse the
present situation