Revisiting the Trade Impact of the African Growth and Opportunity Act : A Synthetic Control Approach
This study examines the impact of the African Growth and Opportunity Act using the synthetic control method, a quasi-experimental approach. The novelty in the approach is that it addresses problems of estimation that are prevalent in nonexperimenta...
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| Format: | Working Paper |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/673071566330630943/Revisiting-the-Trade-Impact-of-the-African-Growth-and-Opportunity-Act-A-Synthetic-Control-Approach http://hdl.handle.net/10986/32318 |
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okr-10986-323182022-09-20T00:13:13Z Revisiting the Trade Impact of the African Growth and Opportunity Act : A Synthetic Control Approach Kassa, Woubet Coulibaly, Souleymane AFRICA GROWTH AND OPPORTUNITY ACT TRADE POLICY SYNTHETIC CONTROL METHOD PREFERENTIAL TRADE AGREEMENT POLICY EVALUATION EXPORTS This study examines the impact of the African Growth and Opportunity Act using the synthetic control method, a quasi-experimental approach. The novelty in the approach is that it addresses problems of estimation that are prevalent in nonexperimental methods used to analyze the impact of preferential trade agreements. The findings show that most of the eligible countries registered gains in exports due to the African Growth and Opportunity Act. However, the results are varied, and the gains were largely unsteady. Much of the gains are due to exports of petroleum and other minerals, while there are few countries that were able to expand into manufacturing and other industrial goods. The positive trade impacts were largely associated with improvements in information and communications technology infrastructure, integrity in the institutions of legal and property rights, ease of labor market regulations, and sound macroeconomic environment, including stable exchange rates and low inflation. Undue exposure to a single market, like the United States, or few commodities may have also restricted the gains from trade. 2019-08-22T16:57:47Z 2019-08-22T16:57:47Z 2019-08 Working Paper http://documents.worldbank.org/curated/en/673071566330630943/Revisiting-the-Trade-Impact-of-the-African-Growth-and-Opportunity-Act-A-Synthetic-Control-Approach http://hdl.handle.net/10986/32318 English Policy Research Working Paper;No. 8993 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Africa Sub-Saharan Africa United States |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
AFRICA GROWTH AND OPPORTUNITY ACT TRADE POLICY SYNTHETIC CONTROL METHOD PREFERENTIAL TRADE AGREEMENT POLICY EVALUATION EXPORTS |
| spellingShingle |
AFRICA GROWTH AND OPPORTUNITY ACT TRADE POLICY SYNTHETIC CONTROL METHOD PREFERENTIAL TRADE AGREEMENT POLICY EVALUATION EXPORTS Kassa, Woubet Coulibaly, Souleymane Revisiting the Trade Impact of the African Growth and Opportunity Act : A Synthetic Control Approach |
| geographic_facet |
Africa Sub-Saharan Africa United States |
| relation |
Policy Research Working Paper;No. 8993 |
| description |
This study examines the impact of the
African Growth and Opportunity Act using the synthetic
control method, a quasi-experimental approach. The novelty
in the approach is that it addresses problems of estimation
that are prevalent in nonexperimental methods used to
analyze the impact of preferential trade agreements. The
findings show that most of the eligible countries registered
gains in exports due to the African Growth and Opportunity
Act. However, the results are varied, and the gains were
largely unsteady. Much of the gains are due to exports of
petroleum and other minerals, while there are few countries
that were able to expand into manufacturing and other
industrial goods. The positive trade impacts were largely
associated with improvements in information and
communications technology infrastructure, integrity in the
institutions of legal and property rights, ease of labor
market regulations, and sound macroeconomic environment,
including stable exchange rates and low inflation. Undue
exposure to a single market, like the United States, or few
commodities may have also restricted the gains from trade. |
| format |
Working Paper |
| author |
Kassa, Woubet Coulibaly, Souleymane |
| author_facet |
Kassa, Woubet Coulibaly, Souleymane |
| author_sort |
Kassa, Woubet |
| title |
Revisiting the Trade Impact of the African Growth and Opportunity Act : A Synthetic Control Approach |
| title_short |
Revisiting the Trade Impact of the African Growth and Opportunity Act : A Synthetic Control Approach |
| title_full |
Revisiting the Trade Impact of the African Growth and Opportunity Act : A Synthetic Control Approach |
| title_fullStr |
Revisiting the Trade Impact of the African Growth and Opportunity Act : A Synthetic Control Approach |
| title_full_unstemmed |
Revisiting the Trade Impact of the African Growth and Opportunity Act : A Synthetic Control Approach |
| title_sort |
revisiting the trade impact of the african growth and opportunity act : a synthetic control approach |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/673071566330630943/Revisiting-the-Trade-Impact-of-the-African-Growth-and-Opportunity-Act-A-Synthetic-Control-Approach http://hdl.handle.net/10986/32318 |
| _version_ |
1764476285294215168 |