Do coffee exports impact countries’ long-run economic growth?
Theodore Murindahabi, Qiang Li, E.M.B.P. Ekanayake, Eric Nisingizwe
The present paper aims to investigate the impact of coffee exports on long-run economic growth in an open economy, for 32 countries exporting coffee over the period of 1994-2013.The study applied a dynamic panel Auto-Regressive Distributive Lag (ARDL) modeling approach with estimators. All variables involved in the specified model were found to be stationary of an order I (1) at a first difference. The Pooled Mean-Group (PMG) long-run results suggest the presence of positive significant effect of coffee exports on economic growth. The empirical findings of the study suggest the policy implications, promoting the coffee sector to boost the countries’ economy.
coffee exports; coffee exporting countries; dynamic panel ARDL; economic growth