This study examines the impact of infrastructural development on bilateral trade flows using a panel of 51 African countries from 2003 to 2015. An infrastructure-augmented gravity model was estimated with different indicators of infrastructural…
Trade openness remains one of the key drivers of exchange rate fluctuations in both the long-run and short-run. The relationship between trade openness and exchange rate has long been explained in many theoretical and empirical studies. Nevertheless…