Essays on Trade Integration in Sub-Saharan Africa PDF Download

Author: Emilie Chanceline Kinfack Djoumessi
Publisher:
ISBN:
Category : Africa, Sub-Saharan
Languages : en
Pages : 163

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Author: Céline Allard
Publisher: International Monetary Fund
ISBN: 1475564465
Category : Business & Economics
Languages : en
Pages : 43

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This analysis of the extent of trade integration of sub-Saharan African (SSA) countries in the global economy as well as within the region over the 1995–2013 period focuses on four key concepts: (1) trade openness, captured by import and export flows; (2) the centrality in the global and regional trade network, a measure that takes into account not only the size of trade but also the number of trade partners and the respective weight of these trade partners in global trade; (3) gravity model estimates that account for country- and region-specific determinants of bilateral trade flows; and (4) global value chain (GVC) integration. Using both existing data and a newly available dataset based on multiregion input and output tables, this analysis led to several findings: (1) trade openness has increased strongly; (2) integration in the global economy has made the region more vulnerable to external shocks; (3) levels of trade flows emanating from sub-Saharan Africa are still only half the magnitude of those experienced elsewhere in the world; (4) the region still has ways to go to better integrate in GVCs; and (5) it is more critical than ever to make progress in filling the infrastructure gap by lowering tariff and nontariff barriers, improving the business climate and access to credit, and continuing to enhance education outcomes.

Author: Faezeh Foroutan
Publisher: World Bank Publications
ISBN:
Category : Africa
Languages : en
Pages : 48

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The emphasis of regional integration in Sub-Saharan Africa should shift from the integration of goods markets to the regional coordination of macroeconnmic and microeconomic policies, the harmonization of administrative rules and regulations, and the joint provision of public goods. Such steps are likely to make Sub-Saharan African markets more attractive to domestic and foreign investors and to improve economic growth.

Author: Woubet Kassa
Publisher:
ISBN: 9781392118542
Category : Africa, Sub-Saharan
Languages : en
Pages : 106

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This is a 3 essay dissertation on trade, exchange rate and development in Africa. The first chapter examines the extent to which financial development and trade openness mediate the impact of exchange rate regimes on productivity and growth. The empirical evidence on the relationship between exchange rate flexibility and growth in developing economies is mixed. Arguably, this relationship depends on the underlying characteristics of an economy, often overlooked in studies of the impact of exchange rate regime choice. The chapter investigates and estimates the relationship between exchange rate regimes and growth in Africa across the distribution of the level of financial development and trade openness. I find that exchange rate flexibility has a negative effect on growth. Greater financial development and trade openness; however, enhance the potential benefits of flexible regimes, and hence lessens the negative growth effect. The second chapter examines the impact of the African Growth and Opportunity Act (AGOA) for Sub-Saharan African countries. The objectives in this chapter are two fold. First, it evaluates the total trade creation impact of AGOA using synthetic control method (SCM); a quasi-experimental approach that addresses limitations in existing empirical approaches to examining the impact of preferential trade agreements (PTAs). Second, it explores possible determinants of the variations in the estimated impact across countries and review the underlying mechanisms driving the variations. The main finding is that most countries registered gains in exports due to AGOA. The results, however were varied and export gains were largely unsteady. The variation in the impacts is largely explained by infrastructure, institutions of legal frameworks, ease of labor market regulations and the macroeconomic environment including stable exchange rates and low inflation. Using new data on global value chains (GVC) of textile and apparel associated with AGOA exports, the third chapter examines the role of rules of origin in restricting domestic value addition in exports and; hence industrialization in sub-Saharan Africa. Though there is a lot of evidence, albeit mixed, on how PTAs such as AGOA affect aggregate exports, evidence on whether the preferential market access leads to the dynamic benefits of growth is still contentious. Countries who benefit from the 'Special Rule for Apparel' under AGOA with liberal rules of origin registered significant increases in textile exports. But, the foreign value added content of their exports increased significantly following AGOA. This raises questions about the realization of the dynamic growth returns from exporting following AGOA, accompanied by liberal rules of origin.

Author: Céline Carrère
Publisher:
ISBN:
Category :
Languages : en
Pages : 324

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Beyond an introductory chapter, three essays are proposed in this thesis to study the effects of regional integration agreements on trade orientation and welfare of developing countries. Chapter 2, "Revisiting the Effects of Regional Trading Agreements on Trade Flows with Proper Specification of the Gravity Model" attempts to shed further light, with panel data econometrics, on the long-standing controversial Vinerian concern about the possibility that a preferential trade agreement may be leading to "trade deversion" rather than to "trade creation". Chapter 3, "African Regional Agreements : Impact on Trade with or without Currency Unions", moves beyond to disentangle the effects of currency unions from those of preferential tariff agreements on members trade, in the context of Sub-Saharan Africa. Finally, Chapter 4, "Regional Trading Agreements and Welfare in the South : When Scale Economies in Transport Matter", turns to a simulation model to investigate the welfare effect, for a developing country, of regional preferential trade agreement once taken into account their impact on transport costs...

Author: James Pickett
Publisher: Taylor & Francis
ISBN: 9780415054096
Category : Africa, North
Languages : en
Pages : 273

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Author: Faezeh Foroutan
Publisher: World Bank Publications
ISBN:
Category : Africa, Sub-Saharan
Languages : en
Pages : 37

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The low level of trade among Sub-Saharan African countries is actually slightly above what a traditional gravity model predicts.

Author: Paul Collier
Publisher: Palgrave Macmillan
ISBN: 9780333661048
Category : Business & Economics
Languages : en
Pages : 0

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Papers on regional integration and trade liberalisation in sub-Saharan Africa meant to apply new perspectives and approaches to an analytical framework and methodology for study of the region. The collaborative chapters are written by economists within and outside the region of sub-Saharan Africa who have specialized in international and trade economics. It creates a background for the next three volumes: Vol. 2: country studies, Vol. 3: regional studies and Vol. 4: syntheses written by leading international economists which concludes lessons as well as looks to the future.

Author: J. H. Frimpong-Ansah
Publisher: Manchester University Press
ISBN: 9780719034787
Category : Africa, Sub-Saharan
Languages : en
Pages : 440

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Results of a research project on "Trade and Development in Sub-Saharan Africa", organized by the Rockefeller Foundation, the Centre for Economic Policy Research and the Commonwealth Secretariat. Papers focus on export performance, the international trade system and the effects of various policies.

Author: Aidar Abdychev
Publisher: International Monetary Fund
ISBN: 1498306810
Category : Business & Economics
Languages : en
Pages : 59

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Far-reaching changes in technology, climate, and global economic integration are transforming the world of work in ways that we do not yet fully understand. Will the swift technological advances of the Fourth Industrial Revolution raise the standards of living for everyone? Or will robots massively displace workers leading to a jobless future where only a few benefit from the fruits of innovation? Will mitigation efforts be able to cushion the adverse effects of climate change, including food shortages and mass migration, which would place extra pressure on urban labor markets? Will countries continue to integrate commercially and financially, fostering growth and employment? Or will trade wars become a norm in a world increasingly fragmented and inward-looking? In sub-Saharan Africa, these uncertainties meet a dramatic increase in population and a rapid expansion in the labor force, which is becoming increasingly urban.