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- W163839078 abstract "The objective of this paper is to test the export-led growth hypothesis for Uganda using time series annual data for 30 years (1965-1994) by the method of cointegration. The test includes determining whether there is any long run relationship between exports and growth with a view to determining the direction of causality. The procedure consists of establishing the time series characteristics, using the Augmented Dickey Fuller (ADF) and Phillips and Perron (PP) tests for stationarity. It is shown that exports and gross domestic product (GDP) are nonstationary in levels but stationary in first differences. The Engle-Granger (EG) and Johansen-Juselius tests for cointegration are used and the results indicate that there is no long run relationship between exports and economic growth. Using the causality test of Hsiao and Granger, it is revealed there is no cointegration and hence no causality between exports and economic growth. It is argued therefore that structural and institutional problems may have influenced the role of exports in Uganda's economy.." @default.
- W163839078 created "2016-06-24" @default.
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- W163839078 date "1996-01-01" @default.
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- W163839078 title "Cointegration, causality and export-led growth in Uganda : 1965-1994" @default.
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