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Impact Of Exports And Imports On Economic Growth: New Evidence From Panama

Author

Listed:
  • Sayef Bakari

    (University Of Tunis El Manar (Tunisia), Higher Institute of Companies Administration)

  • Mohamed Mabrouki

    (Higher Institute of Companies Administration University of Gafsa (Tunisia))

Abstract

This paper investigates the relationship between exports, imports, and economic growth in Panama. In order to achieve this purpose, annual data for the periods between 1980 and 2015 were tested using the Johansen co-integration analysis of Vector Auto Regression Model and the Granger-Causality tests. According to the result of the analysis, it was determined that there is no relationship between exports, imports and economic growth in Panama. On the other hand, we found that there is a strong evidence of bidirectional causality from imports to economic growth and from exports to economic growth. These results provide evidence that exports and imports, thus, are seen as the source of economic growth in Panama.

Suggested Citation

  • Sayef Bakari & Mohamed Mabrouki, 2017. "Impact Of Exports And Imports On Economic Growth: New Evidence From Panama," Journal of Smart Economic Growth, , vol. 2(1), pages 67-79, March.
    • Handle: RePEc:seg:012016:v:1:y:2017:i:2:p:67-79
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    References listed on IDEAS

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    More about this item

    Keywords

    export; import; economic growth; cointegration; causality; Panama;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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