Record Details

Trade Policy and Economic Growth in Sub-Saharan Africa: A Panel Data Approach

American Journal of Trade and Policy

View Archive Info
 
 
Field Value
 
Title Trade Policy and Economic Growth in Sub-Saharan Africa: A Panel Data Approach
 
Creator Asfaw, Henok Arega; Senior Researcher, National Bank of Ethiopia, P.O. Box 5550, Addis Ababa, ETHIOPIA
 
Subject Tariffs, Real effective exchange rate, Growth, Cross country analysis
 
Description Despite a number of multi-country case studies utilizing comparable analytical frameworks, numerous econometric studies using large cross-country data sets, and important theoretical advances in growth theory, there is still disagreement among economists concerning how a country's international economic policies and its rate of economic growth interact. The central objective of this paper is to empirically assess the link between trade policy and economic growth in Sub-Saharan Africa countries. Apart from reviewing different literatures, this study also provides empirical evidence on the relationship between economic growth and trade policies. In doing so, the study used a panel data covering 47 Sub-Saharan Africa countries over the periods 2000 – 2008. The estimation support claims that openness to international trade stimulates both economic growth and investment. Besides, trade policies such as average weighted tariff rate and real effective exchange rate have both direct and indirect impacts on economic growth. 
 
Publisher Asian Business Consortium
 
Contributor —
 
Date 2014-12-02
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Identifier http://journals.abc.us.org/index.php/ajtp/article/view/530
10.18034/ajtp.v1i3.530
 
Source American Journal of Trade and Policy; Vol 1, No 3 (2014): 3rd Issue; 94 - 101
2313-4755
2313-4747
 
Language en
 
Rights Copyright (c) 2015 Henok Arega Asfaw
http://creativecommons.org/licenses/by-nc/4.0