Can Intra-Regional Trade Act as a Global Shock Absorber in Africa?

 

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dc.creator Brixiova, Zuzana
dc.creator Meng, Qingwei
dc.creator Ncube, Mthuli
dc.date 2015-10-01T09:54:55Z
dc.date 2015-10-01T09:54:55Z
dc.date 2015-09
dc.date.accessioned 2017-06-06T10:55:50Z
dc.date.available 2017-06-06T10:55:50Z
dc.date.issued 2017-06-06
dc.identifier Brixiová, Z., Meng, Q., Ncube, M. (2015). Can Intra-Regional Trade Act as a Global Shock Absorber in Africa? A Southern Africa Labour and Development Research Unit Working Paper Number 154. Cape Town: SALDRU, University of Cape Town
dc.identifier 978-1-928281-15-3
dc.identifier http://hdl.handle.net/11090/787
dc.identifier.uri http://hdl.handle.net/11090/787
dc.description The global financial crisis and the subsequent uneven recovery have underscored the need for Africa’s resilience to output and other shocks originated in the rest of the world. A comparison of two regional economic communities – the East African Community (EAC) and the Southern Africa Customs Union (SACU) – suggests that deeper intra-regional, and in particular intra-industry, trade ties have contributed to the EAC’s resilience to external output shocks. More broadly, intra-regional and intra-African trade with fast-growing economies, together with geographically diversified trade links, can strengthen the capacity of African countries to absorb global output shocks. Besides helping shield countries from external shocks, intra-regional trade also supports economic diversification and participation in regional value chains.
dc.description The authors thank Zorobabel Bicaba for contributions and Celine Allard, Daniel Gurara, Basil Jones, Albert Mafusire, and Andreas Wörgötter for comments that improved the paper. This paper is substantively modified from an earlier version, issued as AfDB Working Paper No. 198 and presented at the 2014 Congress of the International Economic Association and at the 2014 North American Meetings of the Econometric Society. Views expressed are those of the authors and do not necessarily reflect those of the African Development Bank. This was paper was also published as IZA Discussion Paper No. 9205
dc.language en
dc.relation Saldru Working Paper;154
dc.subject Intra-regional trade
dc.subject Output co-movement
dc.subject Regional economic communities
dc.subject Africa
dc.title Can Intra-Regional Trade Act as a Global Shock Absorber in Africa?
dc.type Working Paper
uct.type.publication Research en_ZA
uct.type.resource Working Paper en_ZA
dc.publisher.institution University of Cape Town
dc.publisher.faculty Faculty of Commerce en_ZA
dc.publisher.department SALDRU en_ZA
dc.identifier.ris TY - Working Paper DA - 2017-06-06 DB - OpenUCT DP - University of Cape Town KW - Intra-regional trade KW - Output co-movement KW - Regional economic communities KW - Africa LK - https://open.uct.ac.za PB - University of Cape Town PY - 2017 T1 - Can Intra-Regional Trade Act as a Global Shock Absorber in Africa? TI - Can Intra-Regional Trade Act as a Global Shock Absorber in Africa? UR - http://hdl.handle.net/11090/787 ER - en_ZA


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