Premium
The impact of African growth and opportunity act (Agoa) on U.S. imports from Sub‐Saharan Africa (SSA)
Author(s) -
Tadesse Bedassa,
Fayissa Bichaka
Publication year - 2008
Publication title -
journal of international development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.533
H-Index - 66
eISSN - 1099-1328
pISSN - 0954-1748
DOI - 10.1002/jid.1446
Subject(s) - international trade , economics , international economics , product (mathematics) , business , mathematics , geometry
We evaluate the impact of the unilateral trade policy concession known as African Growth and Opportunity Act (AGOA) on U.S. imports from eligible Sub‐Saharan African (SSA) countries. Using U.S.–SSA countries' trade data that span the years 1991–2006, we find that AGOA has contributed to the initiation of new and the intensification of existing U.S. imports in both manufactured and non‐manufactured goods and several product categories. However, compared to its import initiation impact, the import intensification effect of the Act has been marginal. Our results have important policy implication for further intensification of African exports to the U.S. markets. Copyright © 2008 John Wiley & Sons, Ltd.