Assessing the Impact of Development Cooperation: the Case of African Growth and Opportunity Act (AGOA) and U.S. Imports from Sub-Saharan Africa

Bichaka Fayissa and Badassa Tadasse
Authors registered in the RePEc Author Service: Bedassa Tadesse

No 200719, Working Papers from Middle Tennessee State University, Department of Economics and Finance

Abstract: We evaluate the impact of the unilateral trade policy concession known as African Growth and Opportunity Act (AGOA) on U.S. imports from eligible Sub-Saharan African (SSA) countries. Using U.S.-SSA countries’ trade data that span the years 1991-2006, we find that AGOA has contributed to the initiation of new and the intensification of existing U.S. imports in both manufactured and non-manufactured goods and several product categories. However, compared to its import initiation impact, the import intensification effect of the Act has been marginal. Our results have important policy implication for further intensification of African exports to the U.S. markets.

Keywords: AGOA; Trade Agreements; Trade Initiation; Trade Intensification (search for similar items in EconPapers)
JEL-codes: F13 F14 F15 (search for similar items in EconPapers)
Date: 2007-12
New Economics Papers: this item is included in nep-afr, nep-dev and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:mts:wpaper:200719

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