Effects of Agricultural, Manufacturing, and Mineral Exports on Angola’s Economic Growth

Titus Isaiah Zayone, Shida Rastegari Henneberry and Reza Radmehr
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Titus Isaiah Zayone: Chamber of Commerce and Industry Angola Zambia, Luanda 00000, Angola
Shida Rastegari Henneberry: Department of Agricultural Economics & Master of Int’l Agriculture, Oklahoma State University Stillwater, Stillwater, OK 74078, USA

Energies, 2020, vol. 13, issue 6, 1-17

Abstract: This study investigates the effects of Angola’s agricultural, manufacturing, and mineral exports on the country’s economic growth using data from 1980 to 2017. An Autoregressive Distributed Lag (ARDL) model is employed to estimate the effect of sectoral exports on economic growth. The estimation results show that while exports from all three sectors (manufacturing, mineral, and non-mineral) have driven Angola’s economic growth in the long-run; only non-manufacturing (agricultural and mineral) exports have led its growth in the short-run. Moreover, growth in non-export GDP was driven by mineral exports in the long-run and agricultural exports in the short-run. Considering the statistically significant and positive impact of mineral exports on the Angolan GDP as well as on its non-export GDP, this study points to a lack of evidence supporting the Dutch disease phenomenon in Angola.

Keywords: Export-led growth; Dutch disease; ARDL; economic growth; Angola (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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