Purpose – This paper seeks to revisit the highly debated trade-growth hypothesis by considering the effects of trade and output volatility on the relationship between trade and economic growth. Design/methodology/approach – The relationship is modeled by testing for the existence of output...

This paper provides some empirical evidence on the sources of growth in sub-Saharan Africa (SSA). Within the classical convergence framework, several macroeconomic, socio and political factors are identified as affecting the steady state growth paths of the SSA countries. The rejection of the...

This paper examines the effects of financial and trade liberalization on growth volatility of real output and consumption in Africa. Our results suggest trade liberalization is associated with greater output and consumption growth volatility while financial liberalization increases the efficacy...