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Exports of African manufactures: macro policy and firm behaviour

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Author Info

  • Arne Bigsten
  • Paul Collier
  • Stefan Dercon
  • Marcel Fafcharnps
  • Bernard Gauthier
  • Jan Willern Gunning
  • Jean Habarurema
  • Anders Isaksson
  • Abena Oduro
  • Remco Oostendorp
  • Cathy Pattillo
  • Mans Soderborn
  • Francis Teal
  • Albert Zeufack

Abstract

Macro policy has changed the real exchange rates for African countries dramatically in the 1990s. In this paper the possible impact of macroeconomic policy on firms in the manufacturing sector is considered based on a panel survey of such firms in Cameroon. Kenya, Ghana and Zimbabwe. The data show that most large African manufacturing firms do export, but most do not specialize in exporting. An export equation is estimated both for the propensity of the firms to export and the percentage of output exported. It is shown that a stable export function can be estimated for all four countries over the three rounds of the survey. While there is no evidence that real devaluations have effected a general rise in manufactured exports there is evidence from the surveys of a rise in the percentage of output exported from the Cameroon. Reasons for the lack of a general response to macro policy are suggested. In the Cameroon, large firms did increase their propensity to export. Understanding the links between macro policy and firm performance may require an understanding of how such policies impact on different types of firms.

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal The Journal of International Trade & Economic Development.

Volume (Year): 8 (1999)
Issue (Month): 1 ()
Pages: 53-71

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Handle: RePEc:taf:jitecd:v:8:y:1999:i:1:p:53-71

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Related research

Keywords: Export performance; export incentives; African manufacturing;

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Cited by:
  1. Alan Harding & Måns Söderbom & Francis Teal, 2004. "Survival and Success among African Manufacturing Firms," Development and Comp Systems 0409046, EconWPA.
  2. Arne Bigsten & Paul Collier & Stefan Dercon & Marcel Fafchamps & Bernard Gauthier & Jan Willem Gunning & Abena Oduro & Remco Oostendorp & Catherine Pattillo & M�ns Soderbom & Francis Teal & Albert Z, 2004. "Do African Manufacturing Firms Learn from Exporting?," Journal of Development Studies, Taylor & Francis Journals, vol. 40(3), pages 115-141.
  3. Janvier D. Nkurunziza, 2005. "The Effect of Credit on Growth and Convergence of Firms in Kenyan Manufacturing," Economics Series Working Papers WPS/2005-01, University of Oxford, Department of Economics.
  4. Elbadawi, Ibrahim & Mengistae, Taye & Zeufack, Albert, 2006. "Market access, supplier access, and Africa's manufactured exports : an analysis of the role of geography and institutions," Policy Research Working Paper Series 3942, The World Bank.
  5. Rankin, Neil A., 2001. "The export behaviour of South African manufacturing firms," MPRA Paper 16904, University Library of Munich, Germany.
  6. Janvier D. Nkurunziza, 2005. "Credit Can Precipitate Firm Failure: Evidence from Kenyan Manufacturing in the 1990s," Economics Series Working Papers WPS/2005-04, University of Oxford, Department of Economics.
  7. te Velde, Dirk Willem & Morrissey, Oliver, 2003. "Spatial Inequality for Manufacturing Wages in Five African Countries," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  8. Louise Grenier & Andrew McKay & Oliver Morrissey, . "Determinants of Exports and Investment of Manufacturing Firms in Tanzania," Discussion Papers 98/5, University of Nottingham, CREDIT.
  9. Christine Phillips & Seema Bhatia-Panthaki, 2007. "Enterprise development in Zambia: reflections on the missing middle," Journal of International Development, John Wiley & Sons, Ltd., vol. 19(6), pages 793-804.
  10. Coxhead, Ian A. & Foltz, Jeremy D. & Mogues, Tewodaj, 2012. "Does freer trade really lead to productivity growth? Evidence from Sub-Saharan Africa," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124958, Agricultural and Applied Economics Association.
  11. Jens Krüger, 2009. "How Do Firms Organize Trade? Evidence from Ghana," Kiel Advanced Studies Working Papers 449, Kiel Institute for the World Economy.

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