Are Trade Preferences a Panacea? The Export Impact of the African Growth and Opportunity Act
Does “infant industry” preferential access durably boost exports? Using country-product-year data for 1992–2017 and triple-differences regressions, we show that the African Growth and Opportunity Act (AGOA) enhanced apparel exports of African countries on average. But the impact leveled off aft...
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/685341550595914166/Are-Trade-Preferences-a-Panacea-The-African-Growth-and-Opportunity-Act-and-African-Exports http://hdl.handle.net/10986/31316 |
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okr-10986-313162022-08-20T12:16:05Z Are Trade Preferences a Panacea? The Export Impact of the African Growth and Opportunity Act Fernandes, Ana M. Forero, Alejandro Maemir, Hibret Mattoo, Aaditya PREFERENTIAL TRADE AGREEMENTS TARIFF PREFERENCES EXPORT COMPETITIVENESS APPAREL EXPORTS RULE OF ORIGIN PREFERENTIAL ACCESS TRADE POLICY GENERALIZED SYSTEM OF PREFERENCES GSP MULTI-FIBER ARRANGEMENT MFA Does “infant industry” preferential access durably boost exports? Using country-product-year data for 1992–2017 and triple-differences regressions, we show that the African Growth and Opportunity Act (AGOA) enhanced apparel exports of African countries on average. But the impact leveled off after the Multi-Fiber Arrangement unleashed competition from Asian countries. Furthermore, the positive average impact masks regional heterogeneity: East Africa’s late-bloomers offset Southern Africa’s boom-bust pattern. Firm-level data reveal that even East Africa’s export growth was driven by entrants rather than incumbents who received large preference margins during the early AGOA years. Overall, the authors find little evidence that preferences durably boosted exports. 2019-02-21T21:57:22Z 2019-02-21T21:57:22Z 2019-02 Working Paper http://documents.worldbank.org/curated/en/685341550595914166/Are-Trade-Preferences-a-Panacea-The-African-Growth-and-Opportunity-Act-and-African-Exports http://hdl.handle.net/10986/31316 English Policy Research Working Paper;No. 8753 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Africa Central Africa East Africa Southern Africa Sub-Saharan Africa West Africa |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
PREFERENTIAL TRADE AGREEMENTS TARIFF PREFERENCES EXPORT COMPETITIVENESS APPAREL EXPORTS RULE OF ORIGIN PREFERENTIAL ACCESS TRADE POLICY GENERALIZED SYSTEM OF PREFERENCES GSP MULTI-FIBER ARRANGEMENT MFA |
| spellingShingle |
PREFERENTIAL TRADE AGREEMENTS TARIFF PREFERENCES EXPORT COMPETITIVENESS APPAREL EXPORTS RULE OF ORIGIN PREFERENTIAL ACCESS TRADE POLICY GENERALIZED SYSTEM OF PREFERENCES GSP MULTI-FIBER ARRANGEMENT MFA Fernandes, Ana M. Forero, Alejandro Maemir, Hibret Mattoo, Aaditya Are Trade Preferences a Panacea? The Export Impact of the African Growth and Opportunity Act |
| geographic_facet |
Africa Central Africa East Africa Southern Africa Sub-Saharan Africa West Africa |
| relation |
Policy Research Working Paper;No. 8753 |
| description |
Does “infant industry” preferential access durably boost
exports? Using country-product-year data for 1992–2017
and triple-differences regressions, we show that the African
Growth and Opportunity Act (AGOA) enhanced apparel
exports of African countries on average. But the impact
leveled off after the Multi-Fiber Arrangement unleashed
competition from Asian countries. Furthermore, the
positive average impact masks regional heterogeneity: East
Africa’s late-bloomers offset Southern Africa’s boom-bust
pattern. Firm-level data reveal that even East Africa’s export
growth was driven by entrants rather than incumbents who
received large preference margins during the early AGOA
years. Overall, the authors find little evidence that preferences durably boosted exports. |
| format |
Working Paper |
| author |
Fernandes, Ana M. Forero, Alejandro Maemir, Hibret Mattoo, Aaditya |
| author_facet |
Fernandes, Ana M. Forero, Alejandro Maemir, Hibret Mattoo, Aaditya |
| author_sort |
Fernandes, Ana M. |
| title |
Are Trade Preferences a Panacea? The Export Impact of the African Growth and Opportunity Act |
| title_short |
Are Trade Preferences a Panacea? The Export Impact of the African Growth and Opportunity Act |
| title_full |
Are Trade Preferences a Panacea? The Export Impact of the African Growth and Opportunity Act |
| title_fullStr |
Are Trade Preferences a Panacea? The Export Impact of the African Growth and Opportunity Act |
| title_full_unstemmed |
Are Trade Preferences a Panacea? The Export Impact of the African Growth and Opportunity Act |
| title_sort |
are trade preferences a panacea? the export impact of the african growth and opportunity act |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/685341550595914166/Are-Trade-Preferences-a-Panacea-The-African-Growth-and-Opportunity-Act-and-African-Exports http://hdl.handle.net/10986/31316 |
| _version_ |
1764474047229329408 |