The International Dimension of African Economic Growth
AbstractThe paper sheds light on the importance of the international dimension for African economic growth. While existing evidence points to a positive impact of openness on growth, the appropriate dynamics of the implications are yet to be captured. The beneficial effects of exports are confirmed for African economies, though available evidence suggests that it is the manufacturing component that seems to really matter for growth. International shocks in the form of terms of trade declines; economic instabilities of capital (investment) and imports; world interest rates; real exchange rate misalignment; and external debt all appear to exercise adverse implications for growth in Africa.
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Bibliographic InfoPaper provided by Center for International Development at Harvard University in its series CID Working Papers with number 34.
Date of creation: Jan 2000
Date of revision:
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Postal: Center for International Development at Harvard University (CID). 79 John F. Kennedy Street, Cambridge, MA 02138.
Web page: http://www.cid.harvard.edu/cidwp/
More information through EDIRC
International; Africa; Growth;
Find related papers by JEL classification:
- F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
This paper has been announced in the following NEP Reports:
- NEP-ALL-2001-02-27 (All new papers)
- NEP-DEV-2001-02-27 (Development)
- NEP-IFN-2001-02-27 (International Finance)
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