ペガサス39駅伝

RIEB, Kobe University Site Map Access 日本語 Home Research & Education Publications RIEB Discussion Paper Series (English) RIEB Discussion Paper Series No.2013-07 RIEB Discussion Paper Series No.2013-07 Title Crises, Economic Integration and Growth Collapses in African Countries Abstract The objective of this paper is to explore the effects of crises and openness on a large sample of African countries. Focusing on sudden stops, currency, twin and sovereign debt crises, the paper shows that crises are associated with growth collapses in Africa. In contrast, openness is found to be beneficial to growth. More specifically, consistent with standard Mundell-Flemming type models, greater openness to trade and financial flows is found to mitigate the adverse effects of crises. These findings are robust to various measures of both openness and crises as well as to endogeneity concerns. Keywords Financial crises, Economic integration, Growth, Africa JEL Classification G01, F15, F43, 055 Inquiries Abdilahi ALI School of Management & Business, Aberystwyth University, SY23 3AL, UK Katsushi S. IMAI School of Social Sciences, University of Manchester and Research Institute for Economics and Business Administration, Kobe University Rokkodai-cho, Nada-ku, Kobe 657-8501 Japan Phone: +81-78-803-7036 FAX: +81-78-803-7059 About RIEB Faculty Seminars at RIEB Research & Education Sections Kobe University Site Policy Site Map Access Contact Us Copyright©1996-2018 Research Institute for Economics and Business Administration, Kobe University. All Rights Reserved.