This book tackles one of Africa’s most pressing questions: how to translate the promise of continental integration into measurable economic outcomes. Using the TRADE-DSM (Decision Support Model) alongside product space methodology, the book…
This book is the third volume in a forward-looking series on the future of international trade and development, and it addresses one of the most pressing questions confronting Africa today: How to convert continental integration from political…
When we proxy trade finance by the sum of trade finance loans and export-adjusted notes receivable, elasticity estimates range between 0.18-0.31 depending on the sample of exporters. These estimates are comparable to single and multi-instrument…
Despite starting with comparable economic conditions in the mid-20th century, Southeast Asia (SEA) and Sub-Saharan Africa (SSA) have followed different economic trajectories. SEA has emerged as a widely recognised model of successful economic…
In Africa’s efforts to achieve economic growth and enhance integration, the focus on intra-regional trade has intensified, fuelled by geographical proximity, and interconnected market dynamics. However, significant obstacles remain, one of which…
This study examines the impact of infrastructural development on bilateral trade flows using a panel of 51 African countries from 2003 to 2015. An infrastructure-augmented gravity model was estimated with different indicators of infrastructural…
In January 2018, the 10th African Union (AU) Summit of African Heads of States and Governments was held in Kigali. At this occasion, 44 countries had signed the African Continental Free Trade Area (AfCFTA) agreement. In this study, it is pointed out…
Nigeria’s recent announcement confirming that it is closing its borders to prevent movement of all goods has been met with harsh criticism from neighbors and regional integration advocates. The Buhari administration has justified the decision as a…
The growing importance of trade in services in the international economy motivates the study of different factors that may influence the development of this sector. This paper seeks to contribute to the scarce research on access to financing for the…