| dc.description.abstract | This study investigates the relationship between international trade
liberalization and economic growth, with a focus on the role of regulatory
policies in selected 16 sub-Saharan Africa (SSA) countries. It seeks to
examine the role of regulatory policies on economic growth directly,
and whether they affect international trade liberalization contribution
to economic growth. While international trade liberalization refers
to the removal of barriers to international trade, regulatory policies
improvement is the reduction of regulations in credit, labour and
product markets that exist within a country to create efficient and
less regulated economy. Human development and physical capital
accumulation are the other determinants of economic growth examined
in this study. Using panel data, the study utilizes the instrumental
variables (IV) methodology to deal with the problem of endogeneity.
The results show that international trade liberalization, accumulation of
physical capital and efficient regulatory policies contribute to economic
growth. International trade liberalization and efficient regulatory
policies compliment each other, and their concurrent implementation
increases the rate at which the economy grows. The study shows that less
regulated countries benefit more from international trade liberalization
than highly regulated countries. | en |
