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dc.contributor.authorBaliamoune-Lutz, Minaen_US
dc.contributor.authorNdikumana, Léonceen_US
dc.date.accessioned2012-09-25T07:19:05Z-
dc.date.available2012-09-25T07:19:05Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/64216-
dc.description.abstractIn this paper, we explore the argument that one of the causes for the limited growth effects of trade openness in Africa may be the weakness of institutions. We also control for several major factors and, in particular, for export diversification, using a newly developed dataset on Africa. Results from Arellano-Bond GMM estimations on panel data from African countries show that institutions play an important role in enhancing the growth effects of trade. Moreover, we find that the joint effect of institutions and trade has a U-shape, suggesting that as openness to trade reaches high levels, institutions play a critical role in harnessing the trade-led engine of growth. The results from this paper are informative about the missing link between trade liberalization and growth in the case of African countries.en_US
dc.language.isoengen_US
dc.publisherUniv. of Massachusetts, Dep. of Economics Amherst, Mass.en_US
dc.relation.ispartofseriesWorking Paper, University of Massachusetts, Department of Economics 2007-05en_US
dc.subject.ddc330en_US
dc.subject.stwExportinduziertes Wachstumen_US
dc.subject.stwInstitutionalismusen_US
dc.subject.stwAußenhandelsliberalisierungen_US
dc.subject.stwAußenhandelseffekten_US
dc.subject.stwExportdiversifizierungen_US
dc.subject.stwAfrikaen_US
dc.titleThe growth effects of openness to trade and the role of institutions: New evidence from African countriesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn57298944Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Working Papers, Department of Economics, University of Massachusetts

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