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Forcing Africa to open up to trade:is it worth it?

Author

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  • Ioanna Vlastou

    (Warwick University, UK)

Abstract

This study investigates the relationship between openness and growth for a sample of 34 African countries over the period 1960-2003. Unlike previous research on the subject we use novel time series techniques concentrated around panel unit root, panel cointegration and panel causality tests, which are more powerful for inference. In addition, the structural relationship is estimated by dynamic OLS. In contrast to previous analyses, the empirical findings reveal a negative and significant impact of openness on output growth and causality that runs only from openness to growth.

Suggested Citation

  • Ioanna Vlastou, 2010. "Forcing Africa to open up to trade:is it worth it?," Journal of Developing Areas, Tennessee State University, College of Business, vol. 44(1), pages 25-39, September.
    • Handle: RePEc:jda:journl:vol.44:year:2011:issue1:pp:25-39
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    Cited by:

    1. Md. Saiful Islam & Saleh Saud Alsaif & Talal Alsaif, 2022. "Trade Openness, Government Consumption, and Economic Growth Nexus in Saudi Arabia: ARDL Cointegration Approach," SAGE Open, , vol. 12(2), pages 21582440221, May.
    2. Md. Saiful Islam, 2022. "Does the trade‐led growth hypothesis exist for South Asia? A pooled mean group estimation," Regional Science Policy & Practice, Wiley Blackwell, vol. 14(2), pages 244-257, April.
    3. Sal AMIRKHALKHALI & Atul DAR, 2019. "Trade Openness, Factor Productivity, And Economic Growth: Recent Evidence From Oecd Countries (2000-2015)," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 19(1), pages 5-14.
    4. Hojat Parsa & Seyyedeh Zahra Sajjadi, 2017. "Exploring the Trade Openness, Energy Consumption and Economic Growth Relationship in Iran by Bayer and Hanck Combined Cointegration and Causality Analysis," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 21(4), pages 829-845, Autumn.
    5. Zainab Fatima & Faisal Nadeem Shah & Bilal Bashir & Muhammad Shazeb, 2022. "Impact of Energy Consumption and Trade on CO2 Emission in Pakistan," Journal of Economic Impact, Science Impact Publishers, vol. 4(1), pages 99-105.
    6. Aribah Aslam, 2020. "The hotly debate of human capital and economic growth: why institutions may matter?," Quality & Quantity: International Journal of Methodology, Springer, vol. 54(4), pages 1351-1362, August.
    7. Wang, Chao & Lim, Ming K. & Zhang, Xinyi & Zhao, Longfeng & Lee, Paul Tae-Woo, 2020. "Railway and road infrastructure in the Belt and Road Initiative countries: Estimating the impact of transport infrastructure on economic growth," Transportation Research Part A: Policy and Practice, Elsevier, vol. 134(C), pages 288-307.
    8. Khalid Eltayeb Elfaki & Nurul Anwar & Arintoko Arintoko, 2020. "Do Electricity Consumption and International Trade Openness Boost Economic Growth in Sudan? Empirical Analysis from Bounds Test to Cointegration Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 10(4), pages 9-16.
    9. Yaya Keho, 2017. "The impact of trade openness on economic growth: The case of Cote d’Ivoire," Cogent Economics & Finance, Taylor & Francis Journals, vol. 5(1), pages 1332820-133, January.
    10. Byaro, Mwoya & Pelizzo, Riccardo & Kinyondo, Abel, 2023. "What are the Main Drivers Behind the Acceleration of Tanzania's Economic Growth Over the Past Three Decades?," African Journal of Economic Review, African Journal of Economic Review, vol. 11(4), June.
    11. Alexander Maune, 2019. "Financial Inclusion and the Trade-Growth Nexus: Evidence from the Emerging Zimbabwean Economy," Journal of Economics and Behavioral Studies, AMH International, vol. 10(6), pages 43-55.
    12. Vu Manh Hoai Nguyen & Tin Huu Ho & Luan Huynh Nguyen & An Thi Ha Pham, 2023. "The Impact of Trade Openness on Economic Stability in Asian Countries," Sustainability, MDPI, vol. 15(15), pages 1-20, July.
    13. Omar Al Farooque & Ali Hamid & Lan Sun, 2022. "National Governance Index, Corruption Index and Growth Rate—International Evidence from Sub-Saharan and MENA Countries," JRFM, MDPI, vol. 15(6), pages 1-19, June.
    14. Salamatu Bellah Conteh & Yuan Yijun & Brima Sesay, 2021. "Economic Growth Effects of the Interaction of Trade Openness and Institutions Quality: Empirical Evidence from Sub-Saharan Africa," International Journal of Economics and Financial Issues, Econjournals, vol. 11(1), pages 34-48.
    15. Bakari, Sayef & El Weriemmi, Malek & Mabrouki, Mohamed, 2022. "The Impact of Digitalization and Trade Openness on Economic Growth: New Evidence from Richest Asian Countries," MPRA Paper 113816, University Library of Munich, Germany.
    16. Md. Saiful Islam, 2022. "Do personal remittances influence economic growth in South Asia? A panel analysis," Review of Development Economics, Wiley Blackwell, vol. 26(1), pages 242-258, February.
    17. Tekilu Tadesse & Tesfaye Melaku, 2019. "Analysis Of The Relative Impact Of Monetary And Fiscal Policies On Economic Growth In Ethiopia, Using Ardl Approach To Co-Integration: Which Policy Is More Potent?," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 8(2), pages 87-115.

    More about this item

    Keywords

    Openness; Growth; Panel Cointegration; Dynamic Panels;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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