ManageChatDiscover
379182

The Impact of Trade in Goods Versus Trade in Services on Economic Growth in Egypt (1995-2022)

Article

Last updated: 04 Jan 2025

OverviewSimilar Items

Subjects

-

Tags

-

Abstract

Whereas most of researchers analyzed the effect of trade on economic growth in different countries worldwide, others concentrated on the effect of trade in goods or trade of services separately on economic growth. This paper's objective is to fill the literature's gap by analyzing and comparing the performance of trade in goods versus trade in services on the growth in Egypt over the period (1995–2022) using the VECM co-integration approach. This objective can be obtained through estimating three models. First model to estimate the effect of total trade on economic growth in Egypt (1995-2022). Total trade is separated into imports and exports in the second model to determine the role of each subsection in growth. Finally, total trade in Egypt is divided into trade in goods and trade in service to precisely determine the role of each in economic growth over the period of the study. The results clarified a long-run steady state relationship between economic growth on the one hand and trade, inflation, exchange rate, gross capital formation, and employment on the other during the period of the study. The short-run disequilibrium has shown to be corrected quickly through about two years for all the models. The results indicate that trade affects economic growth positively with a small effect. Trade in services is of great importance in Egypt relative to trade in goods. It boosts economic growth significantly. In contrast, trade in goods hinders growth, which interpret the small effect of total trade on growth in Egypt.

DOI

10.21608/acj.2024.379182

Keywords

trade in goods, trade in services, VECM, Economic growth, Egypt

Authors

First Name

Shereen Adel Hassan

Last Name

Nosier

MiddleName

-

Affiliation

,Associate Professor of Economics ,Faculty of Economic Studies and Political Science Alexandria University

Email

shereen.adel@alexu.edu.eg

City

الاسكندرية

Orcid

-

Volume

61

Article Issue

5

Related Issue

50296

Issue Date

2024-09-01

Receive Date

2024-07-13

Publish Date

2024-09-01

Page Start

87

Page End

127

Print ISSN

2682-4183

Online ISSN

2682-4191

Article File

ACJ_Volume 61_Issue 5_Pages 87-127.pdf

PDF . 2.4MB

Link

https://acjalexu.journals.ekb.eg/article_379182.html

Detail API

https://acjalexu.journals.ekb.eg/service?article_code=379182

Order

3

Type

المقالة الأصلية

Type Code

759

Publication Type

Journal

Publication Title

مجلة جامعة الإسکندرية للعلوم الإدارية

Publication Link

https://acjalexu.journals.ekb.eg/

MainTitle

The Impact of Trade in Goods Versus Trade in Services on Economic Growth in Egypt (1995-2022)

Details

Type

Article

Created At

24 Dec 2024