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Trade Performance of the Less Developed African Countries

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  • Fontoura, Maria P.
  • Crespo, Nuno

Abstract

Adopting a long term perspective, we evaluate the trade performance of less developed African countries. Besides some general trade indicators, we apply a constant market share analysis in order to decompose export performance into several components with specific economic interpretation. Our main conclusions are: (i) the sectoral specialization structure of exports has remained heavy in commodities but the composition of the basket of goods exported has changed considerably with a very strong concentration in crude oil (mainly in the last two decades), (ii) the geographical structure of exports has also changed, with an important increase of the relative importance of China and USA, (iii) the countries under analysis not only show a negative competitiveness effect, but are also penalized by their sectoral and geographical specialization, and (iv) the most favorable evolution is observed in the most recent sub-period (2000-2007), but it is insufficient to reverse the previous negative trend.

Suggested Citation

  • Fontoura, Maria P. & Crespo, Nuno, 2013. "Trade Performance of the Less Developed African Countries," MPRA Paper 49193, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:49193
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    References listed on IDEAS

    as
    1. Ng, Francis & Yeats, Alexander, 1997. "Open economies work better! did Africa's protectionist policies cause its marginalization in world trade?," World Development, Elsevier, vol. 25(6), pages 889-904, June.
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    More about this item

    Keywords

    Constant market share analysis; Trade; Less developed African countries;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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