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The Effect of Terms of Trade on Economic Growth in Maghreb Countries: Harberger-Laursen metzler Effect for the Period 1990-2017

المصدر: مجلة الباحث
الناشر: جامعة قاصدي مرباح ورقلة
المؤلف الرئيسي: Hicham, Ayad (Author)
مؤلفين آخرين: Belmokaddem, Mostefa (Co-Author)
المجلد/العدد: ع19
محكمة: نعم
الدولة: الجزائر
التاريخ الميلادي: 2019
الصفحات: 563 - 576
DOI: 10.35156/0505-000-019-038
ISSN: 1112-3613
رقم MD: 1034442
نوع المحتوى: بحوث ومقالات
اللغة: الإنجليزية
قواعد المعلومات: EcoLink
مواضيع:
كلمات المؤلف المفتاحية:
Terms of Trade | HLM effect | Co-Integration | Causality
رابط المحتوى:
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المستخلص: This study investigates the direct impact of terms of trade on economic growth in Maghreb countries from 1990 to 2017, so as to be able to test the Harberger-Laursen Metzler effect, using various econometric techniques for panel data analysis as the modern unit root test PSCADF (2006), the Pedroni and Kao tests for co-integration in addition to Westerlund (2007, 2008) test with bootstrap technique, and finally the Dumitrescu-Hurlin (2012) non-causality test, the results shows that there is no evidence of any co-integration relationship between the variables, and there is a small effect from the TOT index to economic growth whereas any increase in the TOT index by 10% causes an increase in GDP by 0.217%, the results also shows that there is no evidence of any causality from terms of trade to economic growth in contrast of a uni-directional causality running from terms of trade to trade openness, and for the Harberger-Laursen-Metzler effect (HLM effect) the results reveal a weak effect with economic growth and trade openness in Maghreb countries.

ISSN: 1112-3613