The Reality of Developing Country Exports and its Impact on Economic Growth For the Period 1995-2018

Abstract

Exports are the main pillar on which the national economy depends on any country, as it contributes to providing permanent sources of foreign exchange that can be used to finance the needs of the state’s productive apparatus and pay the import bill values, as well as being an integral component of economic development, and from this regard our study relied on The hypothesis is that exports contribute and a positive role in raising the rate of economic growth in a selected sample of developing countries during the period 1995-2018, and in order to prove this hypothesis, a number of these countries were chosen that included (Indonesia, Turkey, Egypt, Malaysia, Thailand and Saudi Arabia) , Has been met Its exports are in five types: the extractive exports X1, agricultural X2 and transformative X3 and manufactured X4 and electronic X5 as independent variables, and the GDP values of y in the countries of the study sample were adopted as the variables approved in the standard models used in the estimation, and time series data were used in estimating The effect of independent variables on the adopted variables and for each country separately because of the characteristics and features of this method that distinguish each country from another according to the nature of its economic structures and the nature of its policies followed, and in this study a number of conclusions were reached, the most important of which were issued The sample countries face slowing foreign demand, in addition to the fact that the rates of trade exchange are in favor of the exports of these countries, and the emergence of the positive impact of exports on economic growth and in most of the countries of the research sample. As for the most important proposals, it is to activate the export sector by directing support to it with various kinds and setting Customs and non-customs restrictions on importing goods that have similar domestic production and seeking to reduce the dependence of the sample countries on extractive exports, as they are threatened with depletion.