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

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Show simple item record Brixiova, Zuzana Meng, Qingwei Ncube, Mthuli 2015-10-01T09:54:55Z 2015-10-01T09:54:55Z 2015-09
dc.identifier.citation 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.isbn 978-1-928281-15-3
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 en_US
dc.description.abstract 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. en_US
dc.language.iso en en_US
dc.relation.ispartofseries Saldru Working Paper;154
dc.subject Intra-regional trade en_US
dc.subject Output co-movement en_US
dc.subject Regional economic communities en_US
dc.subject Africa en_US
dc.title Can Intra-Regional Trade Act as a Global Shock Absorber in Africa? en_US
dc.type Working Paper en_US

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