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Export and Economic Growth Nexus in the GCC Countries: A panel Data Approach

SazanTaher Saeed () and Dr. Hatem HatefAbdulkadhimAltaee ()
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SazanTaher Saeed: Department of Economics, University of Sulaimani, Kurdistan Region Government/Iraq.
Dr. Hatem HatefAbdulkadhimAltaee: ollege of Administration and Financial Sciences, Cihan University, Slemani Camp, Sulaimaniyah–Kurdistan Region, Iraq

Authors registered in the RePEc Author Service: Hatem Hatef Altaee ()

International Journal of Business and Social Research, 2017, vol. 7, issue 12, 1-9

Abstract: The export and economic growth nexus, which is called Balassa’s Export-Led Growth Hypothesis (ELGH) in the literature, is still an unstill issue in both the theoretical and empirical literature. In the present study, the effect of export on economic growth in oil exporting developing countries, namely, Bahrain, Saudi Arabia, Qatar, Kuwait, UAE, and Oman in the 1990–2014 period was tested based on three models, pooled ordinary least squares (POLS), fixed effects model (FEM), and random effects model (REM) via panel data analysis . The findings revealed strong support for the “export-led growth†hypothesis. In addition, our results show that apart from growth in the labor force, investments in capital formation are necessary for economic growth. According to the obtained results, the ability to adopt technological changes in order to increase efficiency, and sustain economic development is also important.

Keywords: Export; Economic Growth; GCC Countries; Panel Data Analysis (search for similar items in EconPapers)
JEL-codes: B23 C23 F43 N15 (search for similar items in EconPapers)
Date: 2017
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