Africa's export structure in a comparative perspective |
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Authors: | Wood, Adrian Mayer, Jorg |
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Affiliation: | Department for International Development, 94 Victoria Street, London SW1E 5JL; a_wood{at}dfid.gov.uk DFID and UNCTAD |
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Abstract: | Cross-country econometric analysis informed by HeckscherOhlintrade theory suggests that the concentration of Africa's exportson unprocessed primary products is caused largely by the region'scombination of low levels of education and abundant naturalresources. In some African countries, the share of manufacturesin exports could be raised by improving infrastructure and policies.For most of Africa, however, the highest priority is to raisethe absolute level of exports in all sectors, and particularlyin sectors based on natural resources, following a developmentpath more like that of land-abundant America than of land-scarceAsia. |
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Keywords: | Africa Export structure Heckscher Ohlin trade theory Skill Natural resources |
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