Open Access Peer Reviewed Monthly Est. 2014

European Journal of Accounting, Finance and Investment

(EJAFI)
ISSN (Print): 4242-405X | ISSN (Online): 3466-7037
6.34
Impact Factor
14
H-Index
823+
Articles
HomeEJAFI Vol. 13, No. 2 ECONOMIC GROWTH AND EXPORT PERFORMANCE IN AFRICA:…
📄 Research Article EJAFI Vol. 13, No. 2 (2025)

ECONOMIC GROWTH AND EXPORT PERFORMANCE IN AFRICA: A LONG-RUN PERSPECTIVE

Mwangi David Kamau
University of Nairobi, Kenya
European Journal of Accounting, Finance and Investment, Vol. 13, No. 2 (2025), pp. 1-13 | DOI: https://doi.org/10.5281/zenodo.19879678
Open Access Peer Reviewed Research Article

Abstract

The aim of study is to analyze the effect of export economic growth in long run for Africa countries controlling. For foreign direct investment and gross fixed capital formation using panel cointgeration framework. The panel unit root test showed a mixture of integration order, which implies panel ARDL cointgeration test is the appropriate technique for cointegration test. The seven panel cointegration test indicates the presence of a cointgeration relationship in the panel. Generalized method of moments (GMM) technique indicates error correction term being negative and significant in 16 countries at 5% and 10%. In the long run, export and gross fixed capital formation have a positive effect on economic growth while foreign direct investment has a negative effect. The panel causality test shows the existence of a bi- directional causal flow in the following relations; economic growth-export, export-foreign direct investment, foreign direct investment- gross fixed capital formation, gross fixed capital formation-export. Economic growth does not granger cause foreign direct investments and gross fixed capital formation. African countries need to formulate policies that will enhance international trade specifically exports, either within the continent and worldwide. At the same time, support to African countries from developed economies and international institutions should aim to maximize the potential in export trade.
Keywords: ["Africa","Panel Cointegration","PMG","causal flow","GDP","exports"]
📑 How to Cite This Article
APA 7th Edition:
Mwangi David Kamau (2025). ECONOMIC GROWTH AND EXPORT PERFORMANCE IN AFRICA: A LONG-RUN PERSPECTIVE. European Journal of Accounting, Finance and Investment, 13(2), 1-13. https://doi.org/https://doi.org/10.5281/zenodo.19879678
Vancouver Style:
Mwangi David Kamau. ECONOMIC GROWTH AND EXPORT PERFORMANCE IN AFRICA: A LONG-RUN PERSPECTIVE. Eur. J. Account. Finance Invest.. 2025;13(2):1-13. DOI: https://doi.org/10.5281/zenodo.19879678
🔗 Other Articles in This Issue