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

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dc.creatorBrixiova, Zuzana
dc.creatorMeng, Qingwei
dc.creatorNcube, Mthuli
dc.date2015-10-01T09:54:55Z
dc.date2015-10-01T09:54:55Z
dc.date2015-09
dc.date.accessioned2017-06-06T10:55:50Z
dc.date.available2017-06-06T10:55:50Z
dc.date.issued2017-06-06
dc.descriptionThe 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.descriptionThe 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.identifierBrixiová, 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.identifier978-1-928281-15-3
dc.identifierhttp://hdl.handle.net/11090/787
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
dc.identifier.urihttp://hdl.handle.net/11090/787
dc.languageen
dc.publisher.departmentSALDRUen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.relationSaldru Working Paper;154
dc.subjectIntra-regional trade
dc.subjectOutput co-movement
dc.subjectRegional economic communities
dc.subjectAfrica
dc.titleCan Intra-Regional Trade Act as a Global Shock Absorber in Africa?
dc.typeWorking Paper
uct.type.publicationResearchen_ZA
uct.type.resourceWorking Paperen_ZA
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