أثر الصادرات و الواردات علي النمو الاقتصادي دراسة قياسية علي الاقتصاد الليبي خلال الفترة(1970-2014)
DOI:
https://doi.org/10.37375/esj.v2i1.2023Keywords:
Imports, exports, economic growth, Libya economy, Johansen Co-integration test, vector error correction model (VECM)Abstract
This study examines the impact of exports and imports on economic growth of the Libya economy over the period 1970-2014 by applying Johansen co-integration test and (VECM). The study found that there is co-integration between exports, imports, and economic growth; also, there is a short term relationship between the variables. Imports and exports in preview year have a negative impact on GDP. The reason for the GDP has negatively impacted by exports in the preview year may due to oil price fluctuations.
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