Theoretical and Applied Economics - 1 / 2010 (542)
The Relationship between Export and Economic Growth in Libya Arab Jamahiriya
Khaled R.M. ELBEYDI
University Alfath in Tripoli, Libia
Abdulbaset M. HAMUDA
Technical University in Košice, Slovakia
Vladimir GAZDA
Technical University in Košice, Slovakia
University Alfath in Tripoli, Libia
Abdulbaset M. HAMUDA
Technical University in Košice, Slovakia
Vladimir GAZDA
Technical University in Košice, Slovakia
Abstract. This study investigates the relationships between export and economic growth in Libya. An econometric model has been developed and estimated in order to determine the direction of causality in both, short and long run. The annual time series used for the estimation cover the time period 1980 – 2007. The findings indicate that the income, exports and relative prices are cointegrated. The long run bidirectional causality between the exports and income growth has been also proved. The study result indicates that the export promotion policy contributes to the economic growth in Libya.
Key words: export; economic growth; Libya; cointegration; Granger causality; export led growth.
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Contents
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Models with Simultaneous Equations for Local Development
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The Relationship between Export and Economic Growth in Libya Arab Jamahiriya
Khaled R.M. ELBEYDI
Abdulbaset M. HAMUDA
Vladimir GAZDA
