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...
| Main Authors: | , , |
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| Format: | Journal Article |
| Language: | Inglés |
| Published: |
2013
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/40217 |
| _version_ | 1855528556174508032 |
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| author | Matchaya, Greenwell C. Chilonda, Pius Nhelengethwa, Sibusiso |
| author_browse | Chilonda, Pius Matchaya, Greenwell C. Nhelengethwa, Sibusiso |
| author_facet | Matchaya, Greenwell C. Chilonda, Pius Nhelengethwa, Sibusiso |
| author_sort | Matchaya, Greenwell C. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | 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. |
| format | Journal Article |
| id | CGSpace40217 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| record_format | dspace |
| spelling | CGSpace402172023-06-12T15:35:00Z International trade and income in Malawi: a co-integration and causality approach Matchaya, Greenwell C. Chilonda, Pius Nhelengethwa, Sibusiso international trade income exports imports economic growth models 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. 2013 2014-06-13T14:47:11Z 2014-06-13T14:47:11Z Journal Article https://hdl.handle.net/10568/40217 en Open Access Matchaya, Greenwell Collins; Chilonda, Pius; Nhelengethwa, Sibusiso. 2013. International trade and income in Malawi: a co-integration and causality approach. International Journal of Economic Sciences and Applied Research, 6(2):125-147. |
| spellingShingle | international trade income exports imports economic growth models Matchaya, Greenwell C. Chilonda, Pius Nhelengethwa, Sibusiso International trade and income in Malawi: a co-integration and causality approach |
| title | International trade and income in Malawi: a co-integration and causality approach |
| title_full | International trade and income in Malawi: a co-integration and causality approach |
| title_fullStr | International trade and income in Malawi: a co-integration and causality approach |
| title_full_unstemmed | International trade and income in Malawi: a co-integration and causality approach |
| title_short | International trade and income in Malawi: a co-integration and causality approach |
| title_sort | international trade and income in malawi a co integration and causality approach |
| topic | international trade income exports imports economic growth models |
| url | https://hdl.handle.net/10568/40217 |
| work_keys_str_mv | AT matchayagreenwellc internationaltradeandincomeinmalawiacointegrationandcausalityapproach AT chilondapius internationaltradeandincomeinmalawiacointegrationandcausalityapproach AT nhelengethwasibusiso internationaltradeandincomeinmalawiacointegrationandcausalityapproach |