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A NOTE ON CAUSALITY RELATIONS AMONG ECONOMIC GROWTH, DEVELOPMENT ASSISTANCE AND TRADE OPENNESS IN LOW INCOME COUNTRIES

Yıl 2019, Cilt: 41 Sayı: 2, 503 - 515, 06.01.2020

Rıfat Barış Tekin

https://doi.org/10.14780/muiibd.665756

Öz

This article tests for causality relations among economic growth, official development assistance
and openness-to-trade in low income countries. A recently developed Granger causality testing
methodology based on Bayesian estimation of Seemingly Unrelated Regression (SUR) systems is
employed in this study. Findings suggest a direct, unidirectional causality from official development
assistance to economic growth in Chad, Madagascar, Democratic Republic of the Congo, the Gambia
and Sierra Leone. In Chad and the Gambia, regression coefficients are found to be negative, suggesting
a negative impact of foreign aid on economic growth. We therefore fail to provide clear-cut empirical
evidence in support of aid effectiveness. Test results suggest unidirectional causality from opennessto-
trade to economic growth in Chad, Democratic Republic of the Congo, the Gambia, Rwanda, Mali,
Niger and Togo. In all these countries, except Democratic Republic of the Congo, the mean estimation
beta is positive, providing some support for the trade-led growth hypothesis. For Chad, Rwanda,
Malawi and Madagascar we find evidence for positive, unidirectional causality in reverse direction,
that is, from economic growth to openness-to-trade. Finally, in Benin, Burkina Faso and Mali we find
evidence that foreign aid inflows Granger-cause and enhance openness-to-trade.

Anahtar Kelimeler

Development assistance effectiveness of aid openness to trade economic growth Granger causality Bayesian estimation of Seemingly Unrelated Regression (SUR) models low income countries

Kaynakça

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Toplam 30 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Ekonomi
Bölüm Makaleler
Yazarlar

Rıfat Barış Tekin

Yayımlanma Tarihi 6 Ocak 2020
Gönderilme Tarihi 6 Eylül 2019
Yayımlandığı Sayı Yıl 2019 Cilt: 41 Sayı: 2

Kaynak Göster

APA Tekin, R. B. (2020). A NOTE ON CAUSALITY RELATIONS AMONG ECONOMIC GROWTH, DEVELOPMENT ASSISTANCE AND TRADE OPENNESS IN LOW INCOME COUNTRIES. Marmara Üniversitesi İktisadi Ve İdari Bilimler Dergisi, 41(2), 503-515. https://doi.org/10.14780/muiibd.665756
AMA Tekin RB. A NOTE ON CAUSALITY RELATIONS AMONG ECONOMIC GROWTH, DEVELOPMENT ASSISTANCE AND TRADE OPENNESS IN LOW INCOME COUNTRIES. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi. Ocak 2020;41(2):503-515. doi:10.14780/muiibd.665756
Chicago Tekin, Rıfat Barış. “A NOTE ON CAUSALITY RELATIONS AMONG ECONOMIC GROWTH, DEVELOPMENT ASSISTANCE AND TRADE OPENNESS IN LOW INCOME COUNTRIES”. Marmara Üniversitesi İktisadi Ve İdari Bilimler Dergisi 41, sy. 2 (Ocak 2020): 503-15. https://doi.org/10.14780/muiibd.665756.
EndNote Tekin RB (01 Ocak 2020) A NOTE ON CAUSALITY RELATIONS AMONG ECONOMIC GROWTH, DEVELOPMENT ASSISTANCE AND TRADE OPENNESS IN LOW INCOME COUNTRIES. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi 41 2 503–515.
IEEE R. B. Tekin, “A NOTE ON CAUSALITY RELATIONS AMONG ECONOMIC GROWTH, DEVELOPMENT ASSISTANCE AND TRADE OPENNESS IN LOW INCOME COUNTRIES”, Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi, c. 41, sy. 2, ss. 503–515, 2020, doi: 10.14780/muiibd.665756.
ISNAD Tekin, Rıfat Barış. “A NOTE ON CAUSALITY RELATIONS AMONG ECONOMIC GROWTH, DEVELOPMENT ASSISTANCE AND TRADE OPENNESS IN LOW INCOME COUNTRIES”. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi 41/2 (Ocak 2020), 503-515. https://doi.org/10.14780/muiibd.665756.
JAMA Tekin RB. A NOTE ON CAUSALITY RELATIONS AMONG ECONOMIC GROWTH, DEVELOPMENT ASSISTANCE AND TRADE OPENNESS IN LOW INCOME COUNTRIES. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2020;41:503–515.
MLA Tekin, Rıfat Barış. “A NOTE ON CAUSALITY RELATIONS AMONG ECONOMIC GROWTH, DEVELOPMENT ASSISTANCE AND TRADE OPENNESS IN LOW INCOME COUNTRIES”. Marmara Üniversitesi İktisadi Ve İdari Bilimler Dergisi, c. 41, sy. 2, 2020, ss. 503-15, doi:10.14780/muiibd.665756.
Vancouver Tekin RB. A NOTE ON CAUSALITY RELATIONS AMONG ECONOMIC GROWTH, DEVELOPMENT ASSISTANCE AND TRADE OPENNESS IN LOW INCOME COUNTRIES. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2020;41(2):503-15.
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