GTAP Resources: Resource Display
| GTAP Resource #3239 |
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"G-LOCALIZATION AS A DEVELOPMENT MODEL: ECONOMIC IMPLICATIONS FOR AFRICA" by Alege, Philip and Evans Osabuohien Abstract In this paper, we investigate the G-Localization thesis in which we postulate that developing economies can achieve stable economic growth by active participation in the global economy while exploring the virtue of intraregional trade. We employ the augmented Solow growth model to capture the relationship between the growth rates of the economy using trade, industrial and technology explanatory variables in a panel of data for 41 selected African countries. We commence the empirical analysis with a description of Panel Vector Autoregression, PVAR model. In order to assess the long run relationship, we carried out the panel unit roots tests, the panel cointegration and a panel-based vector error correction model, PVEC, estimation. The panel Granger causality test is used to examine the direction of causality in a bivariate manner. The empirical results provide clear support for the need for African countries to look more inward while they participate in global economy: that is they should "G-localize". Keywords: Panel VAR data, Panel VEC, G-Localization, two-gap, export-led. JEL Classification: F15, F43, G01 |
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Public Access  GTAP Resource 3239 (307.0 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
