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Pathways to African Export Sustainability

ADMINISTRATIVE PROCEDURES AGRICULTURAL PRACTICES AGRICULTURAL PRODUCTS AGRICULTURE APPAREL APPAREL SECTOR ARABLE LAND ARBITRAGE BENEFICIARY BILATERAL TRADE BROKERS BUSINESS ENVIRONMENT CALL OPTION CAPITAL INTENSITIES CAPITAL INTENSITY CAPITAL PER WORKER COMMODITIES COMMODITY COMMON MARKET COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGE INDEX COMPARATIVE DISADVANTAGE COMPETITIVE ADVANTAGE CONSUMERS CONTRACT ENFORCEMENT CONTRACTUAL RELATIONSHIPS CUSTOMS UNION DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DEVELOPMENT BANK DEVELOPMENT ECONOMICS DOLLAR VALUE DOMESTIC MARKETS DURABLE DURABLE GOODS ECONOMIC DEVELOPMENT ECONOMIC HISTORY ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC RESEARCH ECONOMICS ECONOMIES OF SCALE ECONOMISTS EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE ENVIRONMENTAL ENVIRONMENTAL PROTECTION ENVIRONMENTS EQUIPMENT EXCHANGE RATE EXPECTED RETURN EXPECTED RETURNS EXPORT BASE EXPORT COSTS EXPORT DIVERSIFICATION EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORT PERFORMANCE EXPORT SHARE EXPORT SHARES EXPORT STRUCTURE EXPORT VOLUMES EXPORTER EXPORTERS EXPORTS EXTREME POVERTY FACTORS OF PRODUCTION FINANCIAL DEVELOPMENT FINANCIAL RESOURCES FINANCIAL SERVICES FIXED COSTS FOREIGN BUYERS FOREIGN CURRENCY FOREIGN FIRMS FOREIGN MARKET FREE TRADE FREE TRADE AGREEMENT FUTURE GROWTH GDP GDP PER CAPITA GLOBAL ECONOMY GLOBAL MARKETS GLOBAL TRADE GRAVITY EQUATION GRAVITY VARIABLES HOME COUNTRIES HOME CURRENCY HUMAN CAPITAL IMPACT OF TRADE IMPORT PRICES INCOME INCOME LEVELS INDUSTRIAL COUNTRIES INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL ECONOMICS INTERNATIONAL LAW INTERNATIONAL MARKETS INTERNATIONAL ORGANIZATIONS INTERNATIONAL STANDARD INTERNATIONAL TRADE INVENTORY INVESTING INVESTMENT CLIMATE IRREVERSIBILITY LABOR FORCE LEGAL ENVIRONMENT LIFE EXPECTANCIES LIFE EXPECTANCY LIQUID MARKETS LOW-INCOME COUNTRIES LOW-INCOME COUNTRY MANUFACTURING INDUSTRIES MARKET ACCESS MARKET ENTRY MARKET ENVIRONMENT MARKET STRUCTURE MIDDLE-INCOME COUNTRIES MONETARY FUND NATURAL RESOURCES NEW MARKETS NEW PRODUCTS OIL OPTION VALUE OUTPUT OVERVALUATION PER CAPITA INCOME POLITICAL ECONOMY POPULATION DYNAMICS PORTFOLIO PORTFOLIOS POSITIVE COEFFICIENT POWER PARITY PREFERENTIAL TRADE PREFERENTIAL TRADE AGREEMENT PRESENT VALUE PRICE COMPETITION PRICE DIFFERENCES PRODUCERS PRODUCT DIFFERENTIATION PURCHASING POWER REGIONAL DUMMIES REGIONAL INTEGRATION REGIONAL TRADE REGIONAL TRADE INTEGRATION REGIONALISM REGRESSION ANALYSIS REGULATORY REGIMES REPUTATION RULES OF ORIGIN SMALL COUNTRIES STATISTICAL ANALYSIS STOCKS SUNK COSTS TARIFF BARRIERS TECHNICAL ASSISTANCE TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRADE COSTS TRADE DATA TRADE FACILITATION TRADE FLOWS TRADE POLICY TRADE PREFERENCES TRADE PROMOTION TRADE REFORM TRADE RELATIONSHIPS TRADE VALUES TRADES TRADING TRANSACTION TRANSPORT COSTS TRUST FUND TURNOVER UNEMPLOYMENT UNSKILLED LABOR VARIABLE COSTS VOLATILITY WORLD DEVELOPMENT INDICATORS WORLD MARKETS WORLD TRADE
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Washington, DC: World Bank
Africa | Africa
2012-07-31T14:43:49Z | 2012-07-31T14:43:49Z | 2012-07-02

This report provides tentative leads toward such policy prescriptions, based on an overview of the empirical evidence. Chapter one sets the stage by putting Africa's export-survival performance into perspective and proposing a framework that will guide the interpretation of empirical evidence throughout the report. Chapter two covers country-level determinants of export sustainability at origin and destination, including the exporting country's business environment. Chapter three explores some of the firm-level evidence on what drives export sustainability, including uncertainty, incomplete contracts, learning, and networks. Finally, chapter four offers tentative policy implications. The main conclusions from this overview of the causes of Africa's low export sustainability should be taken with caution both because of the complexity of the issue and because of the very fragmentary evidence on which the overview is based. The author should be more cautious in drawing policy implications, as hasty policy prescriptions are the most common trap into which reports of this kind can fall. A first, solid conclusion is that the author needs substantial additional work on the nature and causes of low export survival rates in developing countries to determine the path to high export sustainability.

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