01756cas a2200253 a 4500 AALejournalIMF000658 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451851694 1018-5941 BD-DhAAL BD-DhAAL Coe, David. North-South Trade : Is Africa Unusual? / David Coe, Willy Hoffmaister. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (27 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We estimate a gravity model to address the question of whether Africa's bilateral trade with industrial countries is 'unusual' compared with other developing country regions. Our main finding is that the unusually low level of African trade is explained by economic size, geographical distance, and population. This result holds after controlling for a country's access to the sea, composition of exports, linguistic ties with industrial countries, and trade policies. If anything, the average African country tends to 'overtrade' compared with developing countries in other regions, although the degree to which Africa overtrades has steadily declined over the past two-and-one-half decades. Mode of access: Internet Hoffmaister, Willy. IMF Working Papers; Working Paper ; No. 1998/094 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/094/001.1998.issue-094-en.xml IMF e-Library