This paper examines the trade co-movements and shock spillover across four African geographic regions. Specifically, we … were motivated by the very low intra-trade activities in Africa, despite increased regionalism to study the possibility of … a country's trade shock being transferred to its trading partners on the continent. Knowing the trade connectedness and …

financial crisis shock' being very large by historical standards and explaining 30 percent of the variation in GDP growth on …

financial crisis shock' being very large by historical standards and explaining 30 percent of the variation in GDP growth on …