Artikel

International Trade and Income in Malawi: A Co-integration and Causality Approach

This paper investigates causal relationships between exports, imports, and economic growth in Malawi over the period 1961-2010. These relationships are examined using the Johansen frameworks for co-integration whereas the Vector Error Correction (VECM) framework is further used to provide estimates for both short-run and long-run dynamics in the series under study. The empirical results, including the impulse responses support the export-led economic growth and export driven imports hypotheses in the long run, but they provide no evidence of any economic growth-driven exports. These results strongly support the role of international trade in Malawi's economic development and hence policies that seek to facilitate Malawi's trade within and outside the SADC regional would be worthwhile to pursue.

Language
Englisch

Bibliographic citation
Journal: International Journal of Economic Sciences and Applied Research ; ISSN: 1791-3373 ; Volume: 6 ; Year: 2013 ; Issue: 2 ; Pages: 125-147 ; Kavala: Eastern Macedonia and Thrace Institute of Technology

Classification
Wirtschaft
Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
Empirical Studies of Trade
Economic Growth of Open Economies
Subject
exports
incomes
Malawi
causality
co-integration

Event
Geistige Schöpfung
(who)
Collins Matchaya, Greenwell
Chilonda, Pius
Nhelengethwa, Sibusiso
Event
Veröffentlichung
(who)
Eastern Macedonia and Thrace Institute of Technology
(where)
Kavala
(when)
2013

Handle
Last update
10.03.2025, 11:45 AM CET

Data provider

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Object type

  • Artikel

Associated

  • Collins Matchaya, Greenwell
  • Chilonda, Pius
  • Nhelengethwa, Sibusiso
  • Eastern Macedonia and Thrace Institute of Technology

Time of origin

  • 2013

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