Abstract
China's share of Africa's goods exports increased from less than 1% in 1989 to 12.4% in 2016. Did this rapid shift in Africa's exports help or hurt economic stability on the continent? To address the question, this paper decomposes export growth shocks into its components, to estimate the share of export volatility originating from sector volatility, country-specific volatility and idiosyncrasies that are not explained by factors specific to the exporting country or sector. China's surge in imports from Africa contributed to the rise of primary commodities' share of the continent's total exports, and in doing so, increased exposure to sector-specific volatility for the average African economy. Nevertheless, the trade shift towards China had little effect on aggregate export volatility, as it helped to diversify export destinations for many African economies.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
