EXPORTS AND GROWTH IN AFRICAN ECONOMIES
DOI:
https://doi.org/10.5902/1414650928025Keywords:
Exports, Growth, Africa.Abstract
This paper analyzes the relationship between exports and the African economies real per capita GDP growth rate. It is based on the argument that not only volume, but also the exports composition is relevant to explain economic growth. In the African countries case, the export basket is very concentrated in primary goods, with a high share of oil, minerals and agricultural products. In this sense, our objective consists in investigate whether the type of exported product also contributes to African growth. To do this, the paper uses the panel data methodology for 52 countries in Africa in the period 1990-2014. The results suggest positive export effects on the African countries growth in the period. However, only oil and mineral exports are relevant, while agricultural products do not seem to contribute to the PIB per capita growth of those economies.
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