Export Earnings Instability and Economic Growth in Sub-Sahra African Countries

Paulos Gutema

Ethiopian Journal of Economics, 2001, vol. 07, issue 01, 119

Abstract: The paper investigates the impact of uncertainty generated by export earnings instability on economic growth. A model that links uncertainty to economic performance is developed, and from the model, the condition under which outward - oriented economic policy contributes positively to economic growth was set. From panel data analysis, it is inferred that to benefit from an outward-oriented economic policy, the stable component of export revenue of the region has to grow annually by at least 7.5% if this condition is not satisfied, the policy acts adversely on economic performance by inducing resource misallocation.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eeaeje:250255

DOI: 10.22004/ag.econ.250255

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