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Trade Performance of the Less Developed African Countries

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  • Fontoura, Maria P.
  • Crespo, Nuno

Abstract

Adopting a long term perspective, we evaluate the trade performance of less developed African countries. Besides some general trade indicators, we apply a constant market share analysis in order to decompose export performance into several components with specific economic interpretation. Our main conclusions are: (i) the sectoral specialization structure of exports has remained heavy in commodities but the composition of the basket of goods exported has changed considerably with a very strong concentration in crude oil (mainly in the last two decades), (ii) the geographical structure of exports has also changed, with an important increase of the relative importance of China and USA, (iii) the countries under analysis not only show a negative competitiveness effect, but are also penalized by their sectoral and geographical specialization, and (iv) the most favorable evolution is observed in the most recent sub-period (2000-2007), but it is insufficient to reverse the previous negative trend.

Suggested Citation

  • Fontoura, Maria P. & Crespo, Nuno, 2013. "Trade Performance of the Less Developed African Countries," MPRA Paper 49193, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:49193
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    References listed on IDEAS

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    1. Brenton, Paul & Hoppe, Mombert, 2006. "The African Growth and Opportunity Act, exports, and development in Sub-Saharan Africa," Policy Research Working Paper Series 3996, The World Bank.
    2. Ng, Francis & Yeats, Alexander, 1997. "Open economies work better! did Africa's protectionist policies cause its marginalization in world trade?," World Development, Elsevier, vol. 25(6), pages 889-904, June.
    3. Dani Rodrik, 1998. "Trade Policy and Economic Performance in Sub-Saharan Africa," NBER Working Papers 6562, National Bureau of Economic Research, Inc.
    4. Andrea Finicelli & Massimo Sbracia & Andrea Zaghini, 2011. "A disaggregated analysis of the export performance of some industrial and emerging countries," International Economics and Economic Policy, Springer, vol. 8(1), pages 93-113, April.
    5. Cafiso, Gianluca, 2009. "The Export Performance of the Euro Area countries in the period 1996-2007," MPRA Paper 20263, University Library of Munich, Germany.
    6. Paulo Soares Esteves & Sónia Cabral, 2006. "Portuguese Export Market Shares: An Analysis by Selected Geographical and Product Markets," Economic Bulletin and Financial Stability Report Articles, Banco de Portugal, Economics and Research Department.
    7. Fredoun Z. Ahmadi-Esfahani, 2006. "Constant market shares analysis: uses, limitations and prospects ," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 50(4), pages 510-526, December.
    8. Nuno Crespo & Maria Paula Fontoura, 2010. "What determines the export performance? A comparative analysis at the world level," Working Papers Department of Economics 2010/27, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    9. Milana, Carlo, 1988. "Constant-market-shares analysis and index number theory," European Journal of Political Economy, Elsevier, vol. 4(4), pages 453-478.
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    More about this item

    Keywords

    Constant market share analysis; Trade; Less developed African countries;

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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