The effects of trade and trade facilitation on economic growth in Africa

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Periodical article

Title:	The effects of trade and trade facilitation on economic growth in Africa
Editor:	Sakyi, Daniel
Year:	2017
Periodical:	African Development Review (ISSN 1467-8268)
Volume:	29
Issue:	2
Pages:	350-361
Language:	English
Geographic term:	Africa
Subjects:	international trade economic development
External link:	https://doi.org/10.1111/1467-8268.12261
Abstract:	This study investigates the effects of trade and trade facilitation on economic growth in Africa. To do so, we measure trade facilitation by means of three indicators, namely trade, export and import related costs, constructed by using principal component analysis. These indicators, in addition to several policy-relevant variables, are used as exogenous variables to estimate an augmented growth model which, with the aid of a dynamic system GMM estimation technique, properly addresses potential endogeneity concerns. The findings suggest that trade facilitation serves as an important channel through which trade affects economic growth. Bibliogr., notes, ref., sum. [Journal abstract]