Trade policy has been a very contentious issue in the discourse on African development. Using panel data for 33 African countries spanning the period 1986-2000, we examine the relationship between trade liberalization and macroeconomic instability in Africa. We focus on instabilities in output,...

Computable general equilibrium (CGE) models are widely used for trade policy analyses and recommendations. Simulation results from these models have also been used as a basis for offering advice to African countries on what positions to take in multilateral trade negotiations. There is however...

Recent theoretical literature suggests that aid, geography, and resource endowments affect diversification of exports in Africa. This paper examines the validity of these popular views using a System-GMM methodology and panel data for African countries. The evidence suggests that aid, the...

Since the Uruguay Round, African countries have been concerned about the rules and operations of the multilateral trading system and are beginning to realize that they have to be active in the negotiation process to protect their interests. Consequently, several countries in the region have been...

Access to finance is critical to successful development in Africa. This paper presents recent trends in various aspects of development finance and provides a critical assessment of the costs of meeting the Millennium Development Goals in the region. It also examines recent proposals for...