Advanced Search
MyIDEAS: Login to save this article or follow this journal

Political Instability and Export Performance in Sub-Saharan Africa

Contents:

Author Info

  • Augstin Kwasi Fosu

Abstract

The political landscape of post-independent sub-Saharan Africa (SSA) has been one of rampant coups d'etat. Existing evidence suggests such elite political instability (PI) has been growth-inhibiting even when exports are accounted for. In the light of the increasing interest in the role of export-promotion strategies in fostering economic growth, however, the present paper examines the impact of PI on export performance in these economies. The paper explores the hypothesis that the lack of a stable political environment adversely influences export performance via competitiveness, and that PI may actually play a more crucial role in export than in overall GDP growth. Based on detailed data on the incidence of coups in 30 SSA countries, real export growth over 1967-1986 is regressed on a principal-component of the various forms of coup events - "successful" coups, abortive coups, and coup plots - as well as on export structure, terms of trade, production capacity, and exchange rate misalignment. The results support the above hypothesis of an adverse impact of PI on export growth, and further suggest that PI has been even more deleterious to exports than to overall GDP.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.tandfonline.com/doi/abs/10.1080/713869426
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Journal of Development Studies.

Volume (Year): 39 (2003)
Issue (Month): 4 ()
Pages: 68-83

as in new window
Handle: RePEc:taf:jdevst:v:39:y:2003:i:4:p:68-83

Contact details of provider:
Web page: http://www.tandfonline.com/FJDS20

Order Information:
Web: http://www.tandfonline.com/pricing/journal/FJDS20

Related research

Keywords: political instability; export performance in Africa;

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Masino, Serena, 2013. "Macro-Institutional Instability and the Incentive to Innovate," MPRA Paper 45178, University Library of Munich, Germany.
  2. Augustin Kwasi Fosu, 2011. "Terms of Trade and Growth of Resource Economies: A Tale of Two Countries," Working Paper Series UNU-WIDER Working Paper W, World Institute for Development Economic Research (UNU-WIDER).
  3. Augustin Kwasi Fosu, 2012. "Growth of African Economies: Productivity, Policy Syndromes and the Importance of Institutions," CSAE Working Paper Series 2012-11, Centre for the Study of African Economies, University of Oxford.
  4. Njinkeu, Dominique & S. Wilson, John & Powo Fosso, Bruno, 2008. "Expanding Trade within Africa: The Impact of Trade Facilitation," Policy Research Working Paper Series 4790, The World Bank.
  5. Therese F. Azeng & Thierry Yogo Urbain, 2013. "Working Paper 171 - Youth Unemployment and Political Instability in Selected Developing Countries," Working Paper Series 467, African Development Bank.
  6. Longo, Robert & Sekkat, Khalid, 2004. "Economic Obstacles to Expanding Intra-African Trade," World Development, Elsevier, vol. 32(8), pages 1309-1321, August.
  7. repec:ebl:ecbull:v:6:y:2005:i:15:p:1-12 is not listed on IDEAS
  8. Baliamoune-Lutz, Mina, 2009. "Tunisia's Development Experience: A Success Story?," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  9. Titus O. Awokuse & Conrado M. Gempesaw II, 2005. "Foreign political instability and U.S. agricultural exports: evidence from panel data," Economics Bulletin, AccessEcon, vol. 6(15), pages 1-12.
  10. W. A. Naudé, 2004. "The effects of policy, institutions and geography on economic growth in Africa: an econometric study based on cross-section and panel data," Journal of International Development, John Wiley & Sons, Ltd., vol. 16(6), pages 821-849.
  11. Bashir, Malik Fahim & Xu, Changsheng & Zaman, Khalid & Akhmat, Ghulam & Ikram, Muhammad, 2013. "Impact of foreign political instability on Chinese exports," Economic Modelling, Elsevier, vol. 33(C), pages 802-807.
  12. Zelealem Yiheyis, 2006. "The Effects of Devaluation on Aggregate Output: Empirical Evidence from Africa," International Review of Applied Economics, Taylor & Francis Journals, vol. 20(1), pages 21-45.
  13. Masino, Serena, 2012. "Macroeconomic instability and the incentive to innovate," MPRA Paper 38830, University Library of Munich, Germany.
  14. Andrew Mold and Annalisa Prizzon, 2010. "Fragile States, Commodity Booms And Export Performance: An Analysis Of The Sub-Saharan African Case," RSCAS Working Papers 2010/21, European University Institute.
  15. Masino, Serena, 2012. "Macroeconomic instability and the incentive to innovate," MPRA Paper 38766, University Library of Munich, Germany.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:taf:jdevst:v:39:y:2003:i:4:p:68-83. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.