| Title: | FRAGILE STATES, COMMODITY BOOMS AND EXPORT PERFORMANCE: AN ANALYSIS OF THE SUB-SAHARAN AFRICAN CASE |
| Publisher: | European University Institute: Roman Schuman Centre Working Papers |
| Creator: | Andrew Mold and Annalisa Prizzon |
| Subject: | |
| Set: | euirsc |
| Source: | European University Institute: RSCAS Working Paper 21/10 |
| Description: | Sub-Saharan Africa's export performance over recent decades has typically been por-trayed as poor compared to other regions in developing countries. This paper takes a new look at the record, using data on the volume rather than the value of African ex-ports. When analysed in volume terms a different picture of African export performance emerges. Despite being confronted by sharply declining prices, between 1995-2001 Afri-can exports expanded by an average of 5.9 percent annually. The picture changes quite significantly during the post-2002 commodity price boom period, with increases of 5.2 per cent per annum in average volumes. By using a dynamic panel of 36 Sub-Saharan countries, the aim of this paper is to analyse this apparent paradox, using data available from UNCTAD. Specifically, we investigate the price-elasticity response of African ex-porters in the light of dramatically shifting unit prices. In the context of the EDR project, we also specifically look at the question of whether countries classified as ´fragile states´ have been especially disadvantaged in terms of their export performance. |
| Date: | 2010-03-15 |
| Type: | ERPA Paper |
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| Type: | Full text |
| Format: | text/html |
| URL: | http://hdl.handle.net/1814/13586 |
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| Type: | Full text |
| Format: | text/html |
| URL: | http://cadmus.eui.eu/dspace/bitstream/1814/13586/3/RSCAS_2010_21.pdf |