 The Effect of Trade Liberalization on Exports, Imports and Balance of Payment: The Case of Sub-Saharan AfricaAdedapo Odebode and Osman Nuri Aras MPRA Paper from University Library of Munich, Germany Abstract: We explore dynamic non-stationarity panel data estimators namely, mean group (MG) and pooled mean group (PMG) for investigating the extent to which trade policies such as trade liberalisation and tariff rates matter to trade performance using the case of Sub-Saharan Africa (SSA). We found that increasing tariffs has the potential of particularly worsening export growth in SSA but increasing openness via liberalisation policy is likely to spur decline in the import dependence of the SSA economy. Thus, we concluded that while trade liberalisation seems to exhibit no significant impact on export growth in SSA, the same policy may yet be explored to encourage decline in the region’s import activities, particularly those import activities that might threaten the growth of domestic industries. Keywords: Trade liberalization; Export growth; Import growth; Balance of Payment; Tariffs rate; Mean group; Pooled mean group; Sub-Saharan Africa. (search for similar items in EconPapers) Published in Journal of Management, Economics, and Industrial Organization 2.4(2020): pp. 41-58 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:108361 Access Statistics for this paper More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC. |
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