Understanding the Determinants of International Trade in African Countries: an Empirical Analysis for Ghana and South Africa

Content Provider	Semantic Scholar
Author	Mã¡rquez-Ramos, Laura
Copyright Year	2007
Abstract	There are clear economic differences between developed and developing countries that lead to a different behaviour among them in the determinants of bilateral trade flows. Although a number of authors have focused on the determinants of the trade patterns, further research is needed for a better understanding of what goods and with which countries developed and developing economies trade. This paper focuses on the determinants of international trade in African countries. From an empirical perspective, two African economies, a developed (South Africa) and a developing country (Ghana) are analysed. Moreover, sector-heterogeneity is considered. Results show that determinants of trade have a different impact in developed and developing African countries. Geographical and social factors play a key role on trade relationships in South Africa. Moreover, technological innovation in importer countries leads to higher exports from this country. However, Ghana’s exports are higher when they are addressed to countries with higher levels of economic freedom. Keywords: International trade, gravity equation, heterogeneity ! " # $ &% (' *) +' $ ,$ & %. /1032 4 0 560+7*8:9 ; <6=?> @"@BA C D D EGF H IKJMLON-PQFSRUT H IBF V$W&XKY F W Z F Y F []\_^ ` `&X a b1c3d e c$fhg cjilk m f n&f o&prq"s c3d"oSf tuc e3v d k"wxn&y$z"q y$zU{1|}c~iq-sOc o_y €_ nxo k‚o&ƒ y„iSy~i mUy s†t‡k € ˆ&‰ ŠŒ‹Š$Ž ‰"  ‘ "’ “U” •*–"– —"˜B™3š_› —-–œ™~– Ÿž¡ ¢hš& £ ¤1•_–¦¥]š_›§šM Bš ¤© ̈ a«•*¬®­ ̄› –œ°®¥O¢ —Ÿ±*—-£2š 3 ¤ › £23 —B¥ ́U› š_™ ¢ ›§š&μ ¶
File Format	PDF HTM / HTML
Alternate Webpage(s)	http://sta.uwi.edu/conferences/salises/documents/Marquez-Ramos%20%20L.pdf
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article