{
  "title": "Regional Growth Spillovers in Sub-Saharan Africa",
  "publication": "IMF Working Papers, July 24, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2019/07/24/regional-growth-spillovers-in-sub-saharan-africa-47005",
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  "summary": "This paper documents the steady increase in intraregional trade in sub-Saharan Africa since 1980, links this rise to important growth spillovers in the region, and identifies the main source countries and those most vulnerable to the economic conditions of others.",
  "sections": [
    {
      "heading": "Authors and Publication",
      "content": "- By Francisco Arizala, Matthieu Bellon, Margaux MacDonald\n- July 24, 2019\n- IMF Working Papers, Working Paper No. 2019/160\n- Pages: 29\n- Volume: 2019\n- Issue: 160\n- DOI: https://doi.org/10.5089/9781498320498.001\n- Stock No: WPIEA2019160\n- ISBN: 9781498320498\n- ISSN: 1018-5941"
    },
    {
      "heading": "Summary of Findings",
      "content": "- Intraregional trade in sub-Saharan Africa has shown a steady increase since 1980.\n- The rise in intraregional trade is linked to important growth spillovers within the region.\n- Short-run effects:\n  - Positive idiosyncratic shocks to regional trading partners’ growth significantly increase growth in the average sub-Saharan African country.\n- Long-run effects:\n  - The annual impact of growth in regional trading partners is smaller in magnitude compared with short-run impacts."
    },
    {
      "heading": "Main Analytical Contributions",
      "content": "- Documents trends in intraregional trade since 1980.\n- Links intraregional trade growth to measurable growth spillovers across sub-Saharan African countries.\n- Identifies:\n  - The main source countries of regional spillovers.\n  - Countries most vulnerable to the economic conditions of others."
    },
    {
      "heading": "Policy Implications and Recommendations",
      "content": "- Support further continent-wide integration to enhance associated growth spillovers.\n- Propose actions policymakers in sub-Saharan Africa can take to:\n  - Capture the benefits of regional growth spillovers.\n  - Limit exposure to associated risks stemming from partner-country shocks."
    },
    {
      "heading": "Subjects and Keywords",
      "content": "- Subject: Direction of trade, Exports, Financial sector policy and analysis, Imports, International trade, Regional trade, Spillovers\n- Keywords: A. Intraregional trade linkage, Africa, Direction of trade, Exports, Global, Growth, IMF staff calculation, Imports, North Africa, real GDP, Regional Integration, Regional trade, Spillovers, statistics database, Sub-Saharan Africa, sub-Saharan Africa country, sub-Saharan Africa real GDP growth, sub-Saharan Africa shock, Sub-Saharan Africa spillover, WP\n\nSource: IMF Working Papers — \"Regional Growth Spillovers in Sub-Saharan Africa\" (July 24, 2019) by Francisco Arizala, Matthieu Bellon, Margaux MacDonald.\n\n---\n\n Content in this bundle\n\n- Working Paper\n  - Working Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Working Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2019/07/24/regional-growth-spillovers-in-sub-saharan-africa-47005"
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    "Authors: Francisco Arizala, Matthieu Bellon, Margaux MacDonald",
    "Published: July 24, 2019",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781498320498.001",
    "By Francisco Arizala, Matthieu Bellon, Margaux MacDonald",
    "July 24, 2019",
    "IMF Working Papers, Working Paper No. 2019/160",
    "Pages: 29",
    "Volume: 2019",
    "Issue: 160",
    "DOI: https://doi.org/10.5089/9781498320498.001",
    "Stock No: WPIEA2019160",
    "ISBN: 9781498320498",
    "ISSN: 1018-5941",
    "Intraregional trade in sub-Saharan Africa has shown a steady increase since 1980.",
    "The rise in intraregional trade is linked to important growth spillovers within the region.",
    "Short-run effects:",
    "Long-run effects:",
    "Documents trends in intraregional trade since 1980.",
    "Links intraregional trade growth to measurable growth spillovers across sub-Saharan African countries.",
    "Identifies:",
    "Support further continent-wide integration to enhance associated growth spillovers.",
    "Propose actions policymakers in sub-Saharan Africa can take to:",
    "Subject: Direction of trade, Exports, Financial sector policy and analysis, Imports, International trade, Regional trade, Spillovers",
    "Keywords: A. Intraregional trade linkage, Africa, Direction of trade, Exports, Global, Growth, IMF staff calculation, Imports, North Africa, real GDP, Regional Integration, Regional trade, Spillovers, statistics database, Sub-Saharan Africa, sub-Saharan Africa country, sub-Saharan Africa real GDP growth, sub-Saharan Africa shock, Sub-Saharan Africa spillover, WP",
    "**Working Paper**"
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