Journal of African Trade

Volume 2, Issue 1-2, December 2015
Research Article

1. The impact of HIV/AIDS on foreign direct investment: Evidence from Sub-Saharan Africa

Elizabeth Asiedu, Yi Jin, Isaac K. Kanyama
Pages: 1 - 17
We construct a theoretical model that examines the relationship between HIV/AIDS and foreign direct investment and employ panel data from 41 countries in Sub-Saharan Africa (SSA) to test the implications of the model. We find that HIV/AIDS has a negative but diminishing effect on FDI. Furthermore, the...
Research Article

2. The potential for internal trade and regional integration in Africa

Alemayehu Geda, Edris Hussein Seid
Pages: 19 - 50
This study examines the potential for intra-Africa trade and the prospects of advancing regional economic integration through such trade. A variety of empirical models are deployed for the purpose. The analysis and model simulation results reveal the existence of significant potential for intra-Africa...
Research Article

3. Who profits from trade facilitation initiatives? Implications for African countries☆

Bernard Hoekman, Ben Shepherd
Pages: 51 - 70
Extensive research has demonstrated the existence of large potential welfare gains from measures to facilitate trade — reduce trade costs — for African countries in particular. However, concerns have been expressed by policymakers regarding the distribution of the benefits and costs of trade facilitation....
Research Article

4. Differential effects of trade on economic growth and investment: A cross-country empirical investigation☆

Maureen Were
Pages: 71 - 85
The paper empirically examines the differential effects of trade on economic growth and investment based on cross-country data. In general, the results are largely consistent with the positive impact of trade on economic growth as found in the literature. However, the empirical results based on different...
Research Article

5. Sovereign bond issues: Do African countries pay more to borrow?☆

Michael Olabisi, Howard Stein
Pages: 87 - 109
There is a new wave of external borrowing by African governments on private sovereign bond markets. The findings in this paper indicate that African economies pay higher-than-normal coupon rates on these markets; observed risk measures like agency ratings and debt to GDP ratios do not explain the deviation...