PhD research: Terms of Trade Volatility and Economic Growth In Africa: Panel Data Analysis

October 2021 to June 2025
economic growth
terms of trade
volatility of terms of trade
political instability
Jimma University (Ethiopia)
Research fields
Business and Economics

This paper investigates the effect of terms of trade and its volatility. And also, analyses whether the interaction between political stability and terms of trade volatility; human capital and volatility of terms of trade have impact on growth of African Economies or not. The study uses panel design, by using 20 years annual data covering from period 2000 to 2020 of 36 African countries. In this paper we employed dynamic panel data model of system GMM (Generalized by Method of Moment) that could account for biases associated with endogeneity of explanatory variables and problems induced by unobserved country specific characteristics.