Pathways to African Export Sustainability

Olivier Cadot, Paul Brenton and Martha Denisse Pierola

No 9380 in World Bank Publications - Books from The World Bank Group

Abstract: This report provides tentative leads toward such policy prescriptions, based on an overview of the empirical evidence. Chapter one sets the stage by putting Africa's export-survival performance into perspective and proposing a framework that will guide the interpretation of empirical evidence throughout the report. Chapter two covers country-level determinants of export sustainability at origin and destination, including the exporting country's business environment. Chapter three explores some of the firm-level evidence on what drives export sustainability, including uncertainty, incomplete contracts, learning, and networks. Finally, chapter four offers tentative policy implications. The main conclusions from this overview of the causes of Africa's low export sustainability should be taken with caution both because of the complexity of the issue and because of the very fragmentary evidence on which the overview is based. The author should be more cautious in drawing policy implications, as hasty policy prescriptions are the most common trap into which reports of this kind can fall. A first, solid conclusion is that the author needs substantial additional work on the nature and causes of low export survival rates in developing countries to determine the path to high export sustainability.

Keywords: Finance; and; Financial; Sector; Development-Debt; Markets; International; Economics; and; Trade-Free; Trade; Economic; Theory; and; Research; Private; Sector; Development-Emerging; Markets; Environmental; Economics; and; Policies; Macroeconomics; and; Economic; Growth; Environment (search for similar items in EconPapers)
Date: 2012
ISBN: 978-0-8213-9559-2
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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