Year: 2024
Type: article
Abstract: This article attempts to verify, through an external constraint analysis, whether the establishment of a continental free trade area is favorable to all African countries.By specifying ordinary least squares error-correction models from 1981 to 2017, we show that some sub-Saharan African countries run trade deficits and are therefore subject to an external constraint.Countries with fragile currencies are exposed to exchange rate instability.
Author: Leon Mayeko
Language: English
Topic: Global trade and economics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4405764191