Trade growth under the African Growth and Opportunity Act:
This paper explores whether one of the most important U.S. policies towards Africa of the past few decades achieved its desired result. In 2000, the United States dropped trade restrictions on a broad list of products through the African Growth and Opportunity Act (AGOA). Since the Act was applied t...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2007
|
| Schriftenreihe: | Working paper series / National Bureau of Economic Research
13222 |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper explores whether one of the most important U.S. policies towards Africa of the past few decades achieved its desired result. In 2000, the United States dropped trade restrictions on a broad list of products through the African Growth and Opportunity Act (AGOA). Since the Act was applied to both countries and products, we estimate the impact with a triple difference-in-differences estimation, controlling for both country and product-level import surges at the time of onset. This approach allows us to better address the "endogeneity of policy" critique of standard difference-in-differences estimation than if either a country or a product-level analysis was performed separately. Despite the fact that the AGOA product list as chosen to not include "import-sensitive" products, and despite the general challenges of transaction costs in African countries, we find that AGOA has a large and robust impact on apparel imports into the U.S., as well as on the agricultural and manufactured products covered by AGOA. These import responses grew over time and were the largest in product categories where the tariffs removed were large. AGOA did not result in a decrease in exports to Europe in these product categories, suggesting that the U.S.-AGOA imports were not merely diverted from elsewhere. We discuss how the effects vary across countries and the implications of these findings for aggregate export volumes. |
| Beschreibung: | Literaturverz. S. 29 - 31 |
| Beschreibung: | 31, [15] S. graph. Darst. 22 cm |
Internformat
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| 520 | 8 | |a This paper explores whether one of the most important U.S. policies towards Africa of the past few decades achieved its desired result. In 2000, the United States dropped trade restrictions on a broad list of products through the African Growth and Opportunity Act (AGOA). Since the Act was applied to both countries and products, we estimate the impact with a triple difference-in-differences estimation, controlling for both country and product-level import surges at the time of onset. This approach allows us to better address the "endogeneity of policy" critique of standard difference-in-differences estimation than if either a country or a product-level analysis was performed separately. Despite the fact that the AGOA product list as chosen to not include "import-sensitive" products, and despite the general challenges of transaction costs in African countries, we find that AGOA has a large and robust impact on apparel imports into the U.S., as well as on the agricultural and manufactured products covered by AGOA. These import responses grew over time and were the largest in product categories where the tariffs removed were large. AGOA did not result in a decrease in exports to Europe in these product categories, suggesting that the U.S.-AGOA imports were not merely diverted from elsewhere. We discuss how the effects vary across countries and the implications of these findings for aggregate export volumes. | |
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| id | DE-604.BV023593129 |
| illustrated | Illustrated |
| index_date | 2024-07-02T22:41:31Z |
| indexdate | 2024-07-09T21:25:14Z |
| institution | BVB |
| language | English |
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| physical | 31, [15] S. graph. Darst. 22 cm |
| publishDate | 2007 |
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| publisher | National Bureau of Economic Research |
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| spelling | Frazer, Garth Verfasser (DE-588)133480887 aut Trade growth under the African Growth and Opportunity Act Garth Frazer ; Johannes Van Biesebroeck Cambridge, Mass. National Bureau of Economic Research 2007 31, [15] S. graph. Darst. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 13222 Literaturverz. S. 29 - 31 This paper explores whether one of the most important U.S. policies towards Africa of the past few decades achieved its desired result. In 2000, the United States dropped trade restrictions on a broad list of products through the African Growth and Opportunity Act (AGOA). Since the Act was applied to both countries and products, we estimate the impact with a triple difference-in-differences estimation, controlling for both country and product-level import surges at the time of onset. This approach allows us to better address the "endogeneity of policy" critique of standard difference-in-differences estimation than if either a country or a product-level analysis was performed separately. Despite the fact that the AGOA product list as chosen to not include "import-sensitive" products, and despite the general challenges of transaction costs in African countries, we find that AGOA has a large and robust impact on apparel imports into the U.S., as well as on the agricultural and manufactured products covered by AGOA. These import responses grew over time and were the largest in product categories where the tariffs removed were large. AGOA did not result in a decrease in exports to Europe in these product categories, suggesting that the U.S.-AGOA imports were not merely diverted from elsewhere. We discuss how the effects vary across countries and the implications of these findings for aggregate export volumes. Van Biesebroeck, Johannes Verfasser (DE-588)128844027 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 13222 (DE-604)BV002801238 13222 http://papers.nber.org/papers/w13222.pdf kostenfrei Volltext |
| spellingShingle | Frazer, Garth Van Biesebroeck, Johannes Trade growth under the African Growth and Opportunity Act |
| title | Trade growth under the African Growth and Opportunity Act |
| title_auth | Trade growth under the African Growth and Opportunity Act |
| title_exact_search | Trade growth under the African Growth and Opportunity Act |
| title_exact_search_txtP | Trade growth under the African Growth and Opportunity Act |
| title_full | Trade growth under the African Growth and Opportunity Act Garth Frazer ; Johannes Van Biesebroeck |
| title_fullStr | Trade growth under the African Growth and Opportunity Act Garth Frazer ; Johannes Van Biesebroeck |
| title_full_unstemmed | Trade growth under the African Growth and Opportunity Act Garth Frazer ; Johannes Van Biesebroeck |
| title_short | Trade growth under the African Growth and Opportunity Act |
| title_sort | trade growth under the african growth and opportunity act |
| url | http://papers.nber.org/papers/w13222.pdf |
| volume_link | (DE-604)BV002801238 |
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