Crises, economic integration and growth collapses in African countries

Ali, A and Imai, KS 2015, 'Crises, economic integration and growth collapses in African countries' , Journal of African Economies, 24 (4) , pp. 471-501.

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Abstract

The objective of this article is to explore the effects of crises and openness on a large sample of African countries. Focusing on sudden stops, currency, twin and sovereign debt crises, the article shows that crises are associated with growth collapses in Africa. In contrast, openness is found to be beneficial to growth. More specifically, consistent with standard Mundell–Fleming type models, greater openness to trade and financial flows is found to mitigate the adverse effects of crises. These findings are robust to various measures of both openness and crises as well as to endogeneity concerns.

Item Type: Article
Schools: Schools > Salford Business School > Salford Business School Research Centre
Journal or Publication Title: Journal of African Economies
Publisher: OUP
ISSN: 0963-8024
Related URLs:
Depositing User: Dr Abdi Ali
Date Deposited: 19 Jan 2018 12:25
Last Modified: 19 Jan 2018 12:31
URI: http://usir.salford.ac.uk/id/eprint/45015

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