학위논문(석사)--Graduate School of International Studies Ajou University :국제통상학과,2018. 2
Alternative Abstract
Most of the previous studies on economic growth and trade openness have mainly singled out the effect of exports on economic growth, and ignored the potential role of imports on economic growth. Also in Uganda’s case, exports have been emphasized and promoted much more by government with the belief that it stimulates economic growth and helps in reducing the persistent trade deficit of the country. This paper re-examines the relationship between trade and economic growth in Uganda with the role of both exports and imports captured. To examine whether growth in trade stimulates economic growth or vice versa in Uganda, Granger causality tests and impulse response functions were used. The results indicate that both the export-led growth and import-led growth hypotheses do not hold for Uganda. However, the growth-led export hypothesis is valid, economic growth stimulates import growth and there is bidirectional causality between exports and imports exports and import for Uganda.
