The Relationship between Exports and Economic Growth: An Empirical Case Study of the South Africa Auto Mobile Industry
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Date
2012-03-25
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University of Fort Hare
Abstract
The dissertation investigates the relationship between automobile exports and economic growth in South Africa. Given the amount of investment and government assistance that has gone into assisting and developing the South African automobile industry via the Motor Industry Development Programme, this study examines whether the increase in automobile exports has impacted on economic growth. A demand-side model of the Export-Led Growth hypothesis is estimated in order to analyse the magnitude of the impact of automobile exports on growth. The results of the VECM and Dynamic Granger Causality test reveal that vehicle exports have a long-run positive impact on economic growth and that a uni-directional causal relationship is found to run from vehicle exports to economic growth. Even though vehicle exports are found to have a relatively significant impact on economic growth, domestic demand factors are concluded as being the key contributor of economic growth in South Africa.
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Masters Theses
Keywords
Development, TECHNOLOGY::Industrial engineering and economy::Industrial organisation, administration and economics
Citation
Taylo,N.M.(2012).The Relationship between Exports and Economic Growth: An Empirical Case Study of the South Africa Auto Mobile Industry.Alice:University of Fort Hare