Analysis of the relationship between economic growth and growth of foreign trade in Libya during the period 1980-2015

Marin Marinov, Naser Tawiri

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Abstrakt

This study identifies the relationship between the growth of foreign trade and economic growth represented in the growth of per capita real non-oil output in the Libyan economy during the period (1980 - 2015). The study uses an econometric model examines and analyzes the causal relationship between foreign trade growth and economic growth in the Libyan economy by using two variables to determine the direction of causal relationship between growth in these variables using the Granger Method of Causality. This study reached the conclusion that there is a positive bidirectional relationship between economic growth and foreign trade growth in the Libyan economy
OriginalsprogEngelsk
TidsskriftInternational Science and Technology Journal
Vol/bind25
Udgave nummer1
Sider (fra-til)1
Antal sider11
ISSN2519-9846
StatusUdgivet - 31 mar. 2021

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