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The dismal growth performance of Africa in the last decades is one of the main worries of the global economy. In this paper we design an empirical model to explain how the growth rate of the economy is affected by changes in international trade. The main message of the model is that integration...
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In the 1990s the mainstream consensus was that trade causes growth. Subsequent research shed doubt on the consensus view, as evidence suggested that the identification of the effect of trade on growth was problematic in the existing literature. This paper contributes to this debate by focusing...
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This paper argues that SSA has derived a minimal growth benefit from trade because of what it exports and that the detrimental effect of primary commodity export dependence on SSA growth can be captured by two structural variables, natural barriers to trade (NBT, trade costs) and natural...
Persistent link: https://www.econbiz.de/10008933198
This paper examines the growth effects of different dimensions of international trade integration -- notably, volume, diversification, and natural resource dependence -- in Sub-Saharan Africa. First, the paper documents the recent trends in these foreign trade dimensions for the region and the...
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