Trade Openness and Economic Growth: Panel Data Evidence from Sub-Saharan Africa

Markus Brueckner and Daniel Lederman
Authors registered in the RePEc Author Service: Markus Brueckner

Economica, 2015, vol. 82, 1302-1323

Abstract: type="main" xml:id="ecca12160-abs-0001">

This paper uses an instrumental variables approach to estimate the relationship between trade openness and economic growth in Sub-Saharan Africa. Instrumental variables estimates show that economic growth has a significant negative contemporaneous effect on trade openness, while trade openness has a significant positive effect on economic growth. A 1 percentage point increase in the ratio of trade over GDP is associated with a short-run increase in growth of approximately 0.5% in a given year; the cumulative long-run effect on the level of GDP per capita is larger, reaching about 2%.

Date: 2015
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