Crises, Economic Integration and Growth Collapses in African Countries

Abdilahi Ali, Katsushi S. Imai

Research output: Contribution to journalArticlepeer-review

7 Citations (SciVal)
44 Downloads (Pure)

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.
Original languageEnglish
Pages (from-to)471- 501
Number of pages31
JournalJournal of African Economies
Volume24
Issue number4
Early online date13 May 2015
DOIs
Publication statusPublished - 31 Aug 2015

Keywords

  • financial crises
  • economic integration
  • growth
  • Africa

Fingerprint

Dive into the research topics of 'Crises, Economic Integration and Growth Collapses in African Countries'. Together they form a unique fingerprint.

Cite this