Trade Policy and Economic Growth in Sub-Saharan Africa: A Panel Data Approach

Henok Arega Asfaw
Additional contact information
Henok Arega Asfaw: Senior Researcher, National Bank of Ethiopia, P.O. Box 5550, Addis Ababa, ETHIOPIA

American Journal of Trade and Policy, 2014, vol. 1, issue 3, 95-102

Abstract: Despite several multi-country case studies utilizing comparable analytical frameworks, numerous econometric studies using large cross-country data sets, and critical theoretical advances in growth theory, there is still disagreement among economists concerning a country's international economic policies and rate of economic growth interaction. The central objective of this paper is to empirically assess the link between trade policy and economic growth in Sub-Saharan African countries. Apart from reviewing different literature, this study provides empirical evidence on the relationship between economic growth and trade policies. In doing so, the study used panel data covering 47 Sub-Saharan African countries from 2000 – 2008. The estimation supports claims that openness to international trade stimulates economic growth and investment. Besides, trade policies such as average weighted tariff rate and real effective exchange rate, directly and indirectly, impact economic growth.

Keywords: Tariffs; effective exchange rate; Growth; Cross country analysis (search for similar items in EconPapers)
JEL-codes: F13 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://abc.us.org/ojs/index.php/ajtp/article/view/370/786 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:ajotap:0117

Access Statistics for this article

American Journal of Trade and Policy is currently edited by Charles A. Rarick

More articles in American Journal of Trade and Policy from Asian Business Consortium Asian Business Consortium, 10-B-6, Darussalam Tower, Mirpur Road, Dhaka-1216, Bangladesh.
Bibliographic data for series maintained by Alim Al Ayub Ahmed ( this e-mail address is bad, please contact ).