Maizels (1968) hypothesizes that exports contribute more to savings than the non-export part of GDP. In this paper, we study the Maizels' hypothesis for 17 African countries using time series data. The study finds general support for the Maizels' hypothesis

In the Solow model of economic growth, a clear connection is made between saving (rate) and economic growth. The conventional wisdom says: higher saving (rate) leads to higher (rate of) investment which in turn leads to higher economic growth. The presumption is that higher saving precedes...