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Periodical article | Leiden University catalogue | WorldCat |
Title: | South-South trade and geographical diversification of intra-SSA trade: evidence from BRICs |
Author: | Didier, Laurent |
Year: | 2017 |
Periodical: | African Development Review (ISSN 1467-8268) |
Volume: | 29 |
Issue: | 2 |
Pages: | 139-154 |
Language: | English |
Geographic term: | Subsaharan Africa |
Subjects: | international trade exports BRICS |
External link: | https://doi.org/10.1111/1467-8268.12246 |
Abstract: | Export performance in sub-Saharan Africa (SSA) is low, unlike the other developing regions, with an intra-regional trade still weak and a trade pattern that remains very concentrated even if some progress seems to appear. Recent findings suggest that South-South trade allows more improvement in export diversification of developing economies than North-South trade. We examine the diversification of trading partners and more precisely, to what extent the nature of external trading partners matters for the geographical diversification of intra-SSA trade. We apply this economic intuition to trade relationships between the BRICs (Brazil, Russia, India, China) and SSA countries in a context of shifting wealth and a trade reorientation for developing economies. We use a theory-consistent and robust structural gravity model with three different dependent variables (value of bilateral export flows, binary variable for strictly positive export flows, number of export destinations) based on a worldwide database over the period 1948-2012. We attempt to compare the exports of each member of the BRICs to SSA in order to know whether there are different effects on the geographical diversification of intra-SSA trade. Globally, Chinese exports to SSA have the strongest impact on the geographical diversification of intra-SSA trade relative to the other BRICs. Bibliogr., notes, ref., sum. [Journal abstract] |