...UNDERSTANDING THE DETERMINANTS OF INTERNATIONAL TRADE IN AFRICAN COUNTRIES: AN EMPIRICAL ANALYSIS FOR GHANA AND SOUTH AFRICA LAURA MÁRQUEZ-RAMOS Universitat Jaume I Instituto de Economía Internacional ABSTRACT There are clear economic differences between developed and developing countries that lead to a different behaviour among them in the determinants of bilateral trade flows. Although a number of authors have focused on the determinants of the trade patterns, further research is needed for a better understanding of what goods and with which countries developed and developing economies trade. This paper focuses on the determinants of international trade in African countries. From an empirical perspective, two African economies, a developed (South Africa) and a developing country (Ghana) are analysed. Moreover, sector-heterogeneity is considered. Results show that determinants of trade have a different impact in developed and developing African countries. Geographical and social factors play a key role on trade relationships in South Africa. Moreover, technological innovation in importer countries leads to higher exports from this country. However, Ghanas exports are higher when they are addressed to countries with higher levels of economic freedom. Keywords: International trade, gravity equation, heterogeneity ¶ µ¢ ´ ¥ ³ £ ¤ ³ £ ± ¢ ¥ ° ¬ ª ¨ ¤ ¥ ¤ ¢ ¤8§¦ f¨²¦¨²EBy®¦¯®B«&©)fw§¦I0£...
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...Basich, Bill Previts, and Irina Lomonosov, who not only were early adopters of the textbook, but also contributed materials to the project. Special thanks go to Katie Cimperman, Terry Dykstra, Frank LeMay, and Rich Hagen who provided valuable feedback from the classroom. Thanks also to David Stumpf, Ivana Gorgievska, Jorge Gerszonowicz, Kathryn Arocho, Heather Bubnick, and Florin Muscutariu for their unwaivering support (and sometimes defense) of the book. From outside the classroom, we wish to thank Don Anthan and Ken White, who designed the electric circuit applications used in the text, as well as Drs. Wendy Marley and Marcia Ballinger for the Lorain CCC enrollment data used in the text. The authors are also indebted to the good folks at our schools’ bookstores, Gwen Sevtis (Lakeland CC) and Chris Callahan (Lorain CCC), for working with us to get printed copies to the students as inexpensively as possible. We would also like to thank Lakeland folks Jeri Dickinson, Mary Ann Blakeley, Jessica Novak, and Corrie Bergeron for their enthusiasm and promotion of the project. The administrations at both schools have also been very supportive of the project, so from Lakeland, we wish to thank Dr. Morris W. Beverage, Jr., President, Dr. Fred Law, Provost, Deans Don...
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