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Articles 1 - 5 of 5
Full-Text Articles in Social and Behavioral Sciences
The Impact Of Hiv/Aids On Foreign Direct Investment: Evidence From Sub-Saharan Africa, Elizabeth Asiedu, Yi Jin, Isaac K. Kanyama
The Impact Of Hiv/Aids On Foreign Direct Investment: Evidence From Sub-Saharan Africa, Elizabeth Asiedu, Yi Jin, Isaac K. Kanyama
Journal of African Trade
We construct a theoretical model that examines the relationship between HIV/AIDS and foreign direct investment and employ panel data from 41 countries in Sub-Saharan Africa (SSA) to test the implications of the model. We find that HIV/AIDS has a negative but diminishing effect on FDI. Furthermore, the adverse effect occurs even when the HIV prevalence rate is as low as 0.1%. The result has important policy implications for SSA countries.
The Potential For Internal Trade And Regional Integration In Africa, Alemayehu Geda, Edris Hussein Seid
The Potential For Internal Trade And Regional Integration In Africa, Alemayehu Geda, Edris Hussein Seid
Journal of African Trade
This study examines the potential for intra-Africa trade and the prospects of advancing regional economic integration through such trade. A variety of empirical models are deployed for the purpose. The analysis and model simulation results reveal the existence of significant potential for intra-Africa trade. However, realizing this potential and hence the effort to advance regional integration through intra-Africa trade is challenged by lack of complementarities of exports and imports as well as the relative competitive position of African potential export suppliers. This is the result of weak infrastructure, productivity and trade facilitation — in short, acute export supply constraint that …
Who Profits From Trade Facilitation Initiatives? Implications For African Countries☆, Bernard Hoekman, Ben Shepherd
Who Profits From Trade Facilitation Initiatives? Implications For African Countries☆, Bernard Hoekman, Ben Shepherd
Journal of African Trade
Extensive research has demonstrated the existence of large potential welfare gains from measures to facilitate trade — reduce trade costs — for African countries in particular. However, concerns have been expressed by policymakers regarding the distribution of the benefits and costs of trade facilitation. We use firm-level data for a large number of developing countries, in Africa and the rest of the world, to assess the claims that it will be mostly large firms that benefit from trade facilitation and that trade facilitation may result in a deterioration of the trade balance. We find no evidence for either argument. Our …
Sovereign Bond Issues: Do African Countries Pay More To Borrow?☆, Michael Olabisi, Howard Stein
Sovereign Bond Issues: Do African Countries Pay More To Borrow?☆, Michael Olabisi, Howard Stein
Journal of African Trade
There is a new wave of external borrowing by African governments on private sovereign bond markets. The findings in this paper indicate that African economies pay higher-than-normal coupon rates on these markets; observed risk measures like agency ratings and debt to GDP ratios do not explain the deviation from the norm. We also find that countries in better financial standing tend to self-select into the private markets, such that their risk profiles cannot explain the high coupon rates. Further research steps and policy implications are discussed.
Differential Effects Of Trade On Economic Growth And Investment: A Cross-Country Empirical Investigation☆, Maureen Were
Differential Effects Of Trade On Economic Growth And Investment: A Cross-Country Empirical Investigation☆, Maureen Were
Journal of African Trade
The paper empirically examines the differential effects of trade on economic growth and investment based on cross-country data. In general, the results are largely consistent with the positive impact of trade on economic growth as found in the literature. However, the empirical results based on different categories of countries show that whereas trade has positively impacted economic growth in developed and developing countries, its effect is insignificant for least developed countries (LDCs), which largely include African countries. Nonetheless, additional results suggest that trade is a key determinant of foreign direct investment (FDI) across all country groups including LDCs, as well …