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The relationship between the Arabian Gulf and the African continent is a long standing one. While the contacts after the rise of Islam in the 7th Century are well documented there is evidence of contact between the regions prior to that period going back as early as the first century AD. While the size of the trade itself is impressive, more impres...
Context in source publication
Context 1
... as a local center of trade (Insoll, 2000). In the east the trade which took place over sea using dhows and the favorable monsoons connected the gulf with the city states of eastern Africa again bringing primarily gold, ivory and iron to world markets including markets as far away as China (see Figure 1). In both instances while we do not have actual measures of the trade we have indications that it was large. ...
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Citations
I perform Arellano-Bond GMM estimations using panel data over the period 1995–2008 and explore the growth effects of Africa's trade with China, distinguishing between the effect of imports and the effect of exports, and controlling for the role of export concentration. Four important results are obtained from the empirical analysis. First, there is no empirical evidence that exports to China enhance growth unconditionally. Second, the results suggest that export concentration enhances the growth effects of exporting to China, implying that countries which export one major commodity to China benefit more (in terms of growth) than do countries that have more diversified exports. Third, contrary to the widely held view that increasing imports from China would have a negative effect, the empirical results show that the share of China in a country's total imports has a robust positive effect on growth. Finally, the evidence suggests that there is an inverted-U relationship between exports to developed countries and growth in Africa. Overall, the results seem to provide support for the hypothesis of growth by destination (i.e., that where a country exports matters for the exporting country's growth and development). I draw on these findings to outline some policy implications.
