Can Trade Liberalization Stimulate Export Performance in Sub-Saharan Africa?
نویسنده
چکیده
This study examines the response of merchandise export to real exchange rate-based trade liberalization in Sub-Saharan Africa between 1980 and 2005. This is because the last two decades have witnessed a significant fall in trade barriers across many SSA countries in an attempt to boost exports and foster economic growth. The panel least squares estimation technique was adopted for the study. In addition, heterogeneous panels for the four sub-regions (West, East, Central and Southern Africa) of SSA are estimated using time/series crosssection technique. The main findings are that trade liberalization can stimulate export performance albeit marginally and indirectly. Trade liberalization stimulates export performance through increased access to imported inputs. In addition, evidence revealed that a more competitive and stable real effective exchange rate can stimulate export performance. The impact of trade and exchange rate policy reforms also vary across the four sub-regions of SSA.
منابع مشابه
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