Do African Countries Pay More for Imports? Yes
AbstractThe debt crisis and declining living standards require careful husbanding of critically scarce foreign exchange in most African countries. But economic theory suggests that smaller countries, which import from only a few international suppliers and cannot support competitive markets and infrastructure, would be likely to pay more rather than less for imports. Analysis of import unit values for 1962-87 shows that the twenty African former French colonies paid a price premium of 20-30 percent on average over other importers for iron and steel imports from France. The losses associated with these adverse prices totaled approximately 2 billion dollars by 1987. The study also finds that similar price premia (of 20-30 percent) were paid by former Belgian, British, and Portuguese colonies in Africa for imports of these products from their former rulers. Copyright 1990 by Oxford University Press.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by World Bank Group in its journal World Bank Economic Review.
Volume (Year): 4 (1990)
Issue (Month): 1 (January)
Contact details of provider:
Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK
Phone: (202) 477-1234
Fax: 01865 267 985
Web page: http://wber.oxfordjournals.org/
More information through EDIRC
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Langhammer, Rolf J. & Lucke, Matthias, 2001.
"WTO Negotiation and Accession Issues for Vulnerable Economies,"
Working Paper Series
UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
- Rolf J. Langhammer & Matthias Lücke, 2000. "WTO Negotiation and Accession Issues for Vulnerable Economies," Kiel Working Papers 990, Kiel Institute for the World Economy.
- O'Connell, Stephen A. & Soludo, Charles C., 2001. "Aid Intensity in Africa," World Development, Elsevier, vol. 29(9), pages 1527-1552, September.
- Mathieu COUTTENIER & Raphael SOUBEYRAN, 2011. "Diplomatic Intervention in Civil War : Trade for All or Trade for One?," Working Papers 11-08, LAMETA, Universtiy of Montpellier, revised Apr 2011.
- Foroutan, Faezeh & Pritchett, Lant, 1993.
"Intra - Sub - Saharan African trade : is it too little?,"
Policy Research Working Paper Series
1225, The World Bank.
- Foroutan, Faezeh & Pritchett, Lant, 1993. "Intra-sub-Saharan African Trade: Is It Too Little?," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 2(1), pages 74-105, May.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum).
If references are entirely missing, you can add them using this form.