Openness and Economic Performance in Selected Sub-Saharan African Countries : Evidence from Time-Series and Cross-Section Analyses
There is a lack of strong empirical evidence on the relationship between openness and economic performance largely due to problems associated with the measurement of trade policy openness and analytical methods. This paper uses more appropriate policy based measures of openness since the most countries of Sub-Saharan Africa have made substantial changes over the last decade. The study examines the hypothesis that increased openness improves economic performance holds for selected Sub-Saharan Africa as a subgroup among developing countries for the period of 2000-2009. Equally, the study examines the extent at which Sub-Saharan Africa Countries has participated in the global economy using various indicators of economic integration and macroeconomic variables. Empirical analysis is carried out using panel data with Generalized Least Square Method (GLS) to measure the impact of Openness on the Economic Performance of selected countries in sub-Saharan Africa. The result of the finding shows the evidence of a positive link between openness and performance, surprisingly robust using the trade dependency ratio as a measure of openness, to different periods, and to the inclusion of other policy variables. The relationship is especially strong in fixed-effect estimates that use annual panel data with country dummies to capture unobserved country-specific differences. Thus, the size and significance of the openness coefficients do not change when one controls for macroeconomic performance
Year of publication: |
2014
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Authors: | Sina, Ogede Jimoh |
Publisher: |
[2014]: [S.l.] : SSRN |
Subject: | Internationale Wirtschaft | International economy | Zentralafrika | Central Africa | Wirtschaftswachstum | Economic growth | Handelsliberalisierung | Trade liberalization | Zeitreihenanalyse | Time series analysis |
Description of contents: | Abstract [papers.ssrn.com] ; Abstract [doi.org] |
Saved in:
Extent: | 1 Online-Ressource |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 1, 2011 erstellt Volltext nicht verfügbar |
Other identifiers: | 10.2139/ssrn.2091569 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10013065922
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