Global Economic crisis and Trade outcomes in OIC: The case of African members

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dc.creatorOsabuohien, E. S. C., Efobi, Uchenna
dc.date.accessioned2025-03-06T13:17:16Z
dc.descriptionGlobal economic crisis, which is characterised by price fluctuations across the world, has generated several debates. The crisis is threatening the economic and financial fabrics of most countries with varying degrees of effects due to differences in country’s structural framework. This may have some implications on trade outcomes. For instance, merchandise exports as a percentage of GDP for SSA reduced by 17.9% between 1995 and 2007. Thus, this paper investigates the effects of global economic crisis on trade outcomes using some indicators, namely: trade share in world market, trade per capita, and real growth in trade in selected OIC Members in Africa. This was achieved by employing data sourced from World Trade Indicators and World Development Indicators, which were analysed with descriptive analysis and econometric techniques based panel data framework for the period 1995-2008. It was established, among others, that trade outcomes of OIC Members in Africa are adversely and significantly influenced by global economic crisis. The results, inter alia, call for inward-looking alternatives such as pursuance of investment friendly ambience in enhancing their trade outcomes.
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dc.identifierhttp://eprints.covenantuniversity.edu.ng/1596/
dc.identifier.urihttp://itsupport.cu.edu.ng:4000/handle/123456789/29880
dc.languageen
dc.subjectHF5601 Accounting
dc.titleGlobal Economic crisis and Trade outcomes in OIC: The case of African members
dc.typeArticle

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