Trade policy, export performance and economic growth: evidence from sub-Saharan Africa

Trade Reform, Adjustment and Growth: What Does the Evidence Tell Us?

“…Time series analysis tends to be country speci®c and uses more or less sophisticated econometric methods. Examples include Harrigan and Mosley (1991), PMC (1991), Greenaway and Sapsford (1994), Greenaway, Leybourne and Sapsford (1997) and Onafowora et al (1996). Harrigan and Mosley (1991) focus on Structural Adjustment Loans (SALs) as one of a number of possible determinants of growth, export and investment performance.…”

“…By contrast, Greenaway, Leybourne and Sapsford (1997) model growth as a smooth transition process then search for evidence of a coincidence of`take off' and liberalisation. Onafowora et al (1996) use VAR methods for a group of sub-Saharan African countries.…”

Türkiye-Afrika Ticari İlişkileri; Panel Nedensellik Analizi Bağlamında Yeni Bir Değerlendirme

“…In generally foreign trade shift resources between low and high-productivity sectors and correspondingly stimulate output, give rise to increase in capacity use, allows home country to specialise on investment in sectors where it gets comparative advantage, bring fierce competition, exploiting from economies of scale, allowed to import raw materials or inputs to produce export products, poor countries with limited home markets have the chance to penetrate across the scale economies and lastly foreign exchange constraints would be eased. Since exports is a component of GDP, rapid export growth leads to even faster GDP growth (Michaely 1977, Balassa 1978, Ram 1985, Moschos 1989, Dodaro 1993Ukpolo 1994, Bahmani and Alse 1993, Onafowora et al 1996, Giles and Williams 2000, Lee and Huang 2002, Narayan et al 2007 Economidou 2009, Bbaale and Mutenyo 2011, Guena and Christian 2012, Arodoye and Iyoha 2014). Secondly trade openness and liberalised trade (e.g.…”

Trade Liberalization and Economic Growth in Guyana: An Empirical Assessment using DOLS and Error Correcting Methodologies

“…Notwithstanding this, the results from these studies are also mixed. Examples of studies using time series data to analyze the output effect of trade liberalization for individual countries include the following: Harrigan and Mosley(1991); Papageorgiou et al (1991); Greenaway and Sapsford(1994); Onafowora et al (1996); Greenaway et al (1997); Narayan and Smyth(2005). These studies included several countries drawn primarily from Africa, Asia, and Latin America.…”