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
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Collins Matchaya, Greenwell
- Chilonda, Pius
- Nhelengethwa, Sibusiso
- Eastern Macedonia and Thrace Institute of Technology
Time of origin
- 2013