Yıl 2019, Cilt 41 , Sayı 2, Sayfalar 503 - 515 2020-01-06

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

Rıfat Barış TEKİN [1]


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.
Development assistance, effectiveness of aid, openness to trade, economic growth, Granger causality, Bayesian estimation of Seemingly Unrelated Regression (SUR) models, low income countries
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Birincil Dil en
Konular İktisat
Bölüm Makaleler
Yazarlar

Yazar: Rıfat Barış TEKİN (Sorumlu Yazar)
Kurum: Marmara University
Ülke: Turkey


Tarihler

Yayımlanma Tarihi : 6 Ocak 2020

Bibtex @araştırma makalesi { muiibd665756, journal = {Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi}, issn = {1300-7262}, eissn = {2587-2672}, address = {}, publisher = {Marmara Üniversitesi}, year = {2020}, volume = {41}, pages = {503 - 515}, doi = {10.14780/muiibd.665756}, title = {A NOTE ON CAUSALITY RELATIONS AMONG ECONOMIC GROWTH, DEVELOPMENT ASSISTANCE AND TRADE OPENNESS IN LOW INCOME COUNTRIES}, key = {cite}, author = {TEKİN, Rıfat Barış} }
APA TEKİN, R . (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 . DOI: 10.14780/muiibd.665756
MLA TEKİN, R . "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 (2020 ): 503-515 <https://dergipark.org.tr/tr/pub/muiibd/issue/50936/665756>
Chicago TEKİN, R . "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 (2020 ): 503-515
RIS TY - JOUR T1 - A NOTE ON CAUSALITY RELATIONS AMONG ECONOMIC GROWTH, DEVELOPMENT ASSISTANCE AND TRADE OPENNESS IN LOW INCOME COUNTRIES AU - Rıfat Barış TEKİN Y1 - 2020 PY - 2020 N1 - doi: 10.14780/muiibd.665756 DO - 10.14780/muiibd.665756 T2 - Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi JF - Journal JO - JOR SP - 503 EP - 515 VL - 41 IS - 2 SN - 1300-7262-2587-2672 M3 - doi: 10.14780/muiibd.665756 UR - https://doi.org/10.14780/muiibd.665756 Y2 - 2019 ER -
EndNote %0 Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi A NOTE ON CAUSALITY RELATIONS AMONG ECONOMIC GROWTH, DEVELOPMENT ASSISTANCE AND TRADE OPENNESS IN LOW INCOME COUNTRIES %A Rıfat Barış TEKİN %T A NOTE ON CAUSALITY RELATIONS AMONG ECONOMIC GROWTH, DEVELOPMENT ASSISTANCE AND TRADE OPENNESS IN LOW INCOME COUNTRIES %D 2020 %J Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi %P 1300-7262-2587-2672 %V 41 %N 2 %R doi: 10.14780/muiibd.665756 %U 10.14780/muiibd.665756
ISNAD TEKİN, 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
AMA TEKİN R . 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): 503-515.
Vancouver TEKİN R . 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): 515-503.