[ Impact de la diversification des exportations sur la croissance économique: Cas de la Tunisie ]
Volume 33, Issue 3, August 2021, Pages 502–514
Mounir Dahmani1
1 Department of economics, Higher Institute of Business Administration, University of Gafsa, Gafsa, Tunisia
Original language: French
Copyright © 2021 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
The effects on growth of export diversification has been widely discussed in the economic literature, although there is currently no clear consensus on the subject on the virtues of an economic development strategy based on export diversification. This study analyzes the dynamic relationship between relationship between export diversification and economic growth in Tunisia, through the cointegration analysis based on an autoregressive distributed lag (ARDL) bounds testing approach with annual data for the period 1991-2017. The results show that growth based on export diversification is relevant for Tunisia. The econometric study has shown that investment, export diversification, increase in exported products and quality of life have a positive effect on economic growth, while financial development has a negative impact in the long term. However, the short-term impact of export diversification is more limited. The findings have economic policy implications for policymakers seeking to strengthen and improve the export diversification, stability and economic growth of their economies.
Author Keywords: Exports diversification, economic growth, cointegration, ARDL, Tunisia.
Volume 33, Issue 3, August 2021, Pages 502–514
Mounir Dahmani1
1 Department of economics, Higher Institute of Business Administration, University of Gafsa, Gafsa, Tunisia
Original language: French
Copyright © 2021 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
The effects on growth of export diversification has been widely discussed in the economic literature, although there is currently no clear consensus on the subject on the virtues of an economic development strategy based on export diversification. This study analyzes the dynamic relationship between relationship between export diversification and economic growth in Tunisia, through the cointegration analysis based on an autoregressive distributed lag (ARDL) bounds testing approach with annual data for the period 1991-2017. The results show that growth based on export diversification is relevant for Tunisia. The econometric study has shown that investment, export diversification, increase in exported products and quality of life have a positive effect on economic growth, while financial development has a negative impact in the long term. However, the short-term impact of export diversification is more limited. The findings have economic policy implications for policymakers seeking to strengthen and improve the export diversification, stability and economic growth of their economies.
Author Keywords: Exports diversification, economic growth, cointegration, ARDL, Tunisia.
Abstract: (french)
La relation entre la diversification des exportations et la croissance économique a été largement discutée dans la littérature économique, bien qu’il n’y ait actuellement aucun consensus clair sur le sujet. Cette étude analyse la relation dynamique entre la diversification des exportations et la croissance économique en Tunisie, à travers une analyse de cointégration basée sur l’approche de cointégration aux bornes dans un modèle autorégressif à retards échelonnés (ARDL) avec des données annuelles pour la période 1991-2017. Les résultats montrent que la croissance fondée sur la diversification des exportations est pertinente pour la Tunisie. L’étude économétrique a permis de montrer que l’investissement, la diversification des exportations, l’accroissement des produits exportés et la qualité de la vie ont un effet positif sur la croissance économique, tandis que le développement financier a un impact négatif à long terme. Néanmoins, l’impact de court terme de la diversification des exportations est plus limité. Les résultats ont des implications de politiques économiques pour les décideurs publics qui cherchent à renforcer et à améliorer la trajectoire de diversification, de stabilité et de croissance économique de leurs économies.
Author Keywords: Diversification des exportations, croissance économique, cointégration, ARDL, Tunisie.
How to Cite this Article
Mounir Dahmani, “Impact of export diversification on economic growth: Case of Tunisia,” International Journal of Innovation and Applied Studies, vol. 33, no. 3, pp. 502–514, August 2021.
