Are Non-Primary Exports the Source for Further Economic Growth in the UAE?

Kalaitzi Athanasia Stylianou (), Kherfi Samer, Alrousan Sahel and Marina-Selini Katsaiti ()
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Kalaitzi Athanasia Stylianou: Middle East Centre, London School of Economics and Political Science, WC2A 2AZ, London, UK
Kherfi Samer: Department of Economics, American University of Sharjah, Sharjah, UAE
Alrousan Sahel: Ministry of Finance, Dubai, UAE

Review of Middle East Economics and Finance, 2022, vol. 18, issue 1, 29-51

Abstract: This paper investigates whether non-primary exports directly or indirectly cause economic growth in the United Arab Emirates (UAE). This study performs the Johansen test to examine the presence of co-integration between the variables in an augmented production function. The Granger causality test is performed to investigate the short-run causality between non-primary exports and economic growth, while the long-run causality is investigated by employing the Toda and Yamamoto procedure. The empirical analysis indicates that the variables are co-integrated, and that short-run causality runs from non-primary exports to economic growth; results exhibit no evidence of direct causality from non-primary exports to economic growth in the long-run.

Keywords: economic growth; non-primary exports; Granger causality; UAE (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1515/rmeef-2021-0015

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