Effects of Trade Openness on Economic Growth: The Case of African Countries

Osei-Agyeman Yeboah, Cephas Naanwaab, Shaik Saleem and Akua S. Akuffo

No 119795, 2012 Annual Meeting, February 4-7, 2012, Birmingham, Alabama from Southern Agricultural Economics Association

Abstract: The relationship between trade and productivity has not been established theoretically. Some researchers have indeed found some, if not complete, support for the view that increasing openness has a positive impact on productivity. This study used a Cobb-Douglas production function as in Miller and Upadhyay (2000) to estimate the impact of FDI, exchange rate, capital-labor ratio and trade openness on GDP for 38 African countries from 1980 to 2008. Data were transformed to natural logs and estimated using alternative panel models; which included one- or-two-way fixed or random effects models. The results found trade openness having a positive relationship with GDP; which is comparable to findings of Ahmed et al.; (2008).

Keywords: International Development; International Relations/Trade; Productivity Analysis (search for similar items in EconPapers)
Pages: 24
Date: 2012
New Economics Papers: this item is included in nep-afr, nep-dev, nep-eff, nep-fdg and nep-int
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:saea12:119795

DOI: 10.22004/ag.econ.119795

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