Articles
| Open Access |
https://doi.org/10.55640/
An Econometric Analysis of The Key Drivers of Trade Flows Between Emerging Economies Worldwide and Emerging African Markets
Abstract
Trade between emerging economies and African markets has become an important subject in international economic analysis because of its potential to diversify export destinations, attract foreign direct investment (FDI), strengthen productive capacity, and reshape development partnerships. This paper develops an econometric framework for examining the determinants of trade flows between emerging economies worldwide and emerging African markets. Drawing on the supplied literature, it identifies economic scale, geographical distance, trade costs, foreign investment, institutional conditions, and development cooperation as relevant explanatory factors. The gravity model of international trade provides the principal analytical foundation, while the literature on China–Africa economic relations and emerging-market linkages informs the interpretation of trade patterns. The proposed methodology uses a bilateral panel-data framework and outlines procedures for variable construction, estimation, hypothesis testing, and robustness assessment. Since no original bilateral trade dataset or estimation output is supplied, the findings are presented as literature-grounded analytical propositions rather than statistically verified empirical results. The paper argues that market size alone is insufficient to explain trade intensity and that infrastructure, trade facilitation, investment linkages, and the composition of exports may condition the relationship between emerging economies and African markets. It concludes that effective trade integration requires policies that expand market access while strengthening African productive capabilities and reducing structural dependence on a narrow range of commodities.
Keywords
Emerging Economies, African Markets, International Trade
References
Renard M. (2011). China’s Trade and FDI in Africa. African Development Bank. Retrieved August 16, 2017, from http:/www.afdb.org/
Samake I. & Yang Y. (2014). Low-income countries’ linkages to BRICS: Are there growth spillovers? Journal of Asian Economics 30 (2014) 1–14. Retrieved July 3, 2017, from www.sciencedirect .com
Schiere R. (2010). Building Complementarities in Africa between Different Development Cooperation Modalities of Traditional Development Partners and China, African Development Review, Vol. 22, No. S1, 2010, 615–628, African Development Bank
Shepherd, B. (2012). The Gravity Model of International Trade: A User Guide. United Nations publication. Retrieved July 26, 2017, from www.unescap.org/sites/default/files/tipub2645.pdf
Tan-Mullins M., Mohan G. & Power M. (2010). Redefining ‘Aid’ in the China–Africa Context. Development and Change 41(5): 857–881, International Institute of Social Studies. Retrieved September 2, 2017, from http://courses.arch.vt.edu/courses/wdunaway/gia5524/power10.pdf
Tiku, P. (2014). The Emerging markets handbook: An analysis of the investment potential in 18 key emerging market economies. Harriman House, Peters field
Vickers B. (2013). Africa and the rising powers: bargaining for the ‘marginalized many’. International Affairs 89:3, the Royal Institute of International Affairs
Villoria B. (2009). China and the Manufacturing Terms-of-Trade of African Exporters. Journal Of African Economies, Volume 18, Number 5, Pp. 781–823
Yu, M. (2010). Trade, Democracy, and the Gravity Equation: Journal of Development Economics 91, 289–300. Retrieved August 1, 2017, from www.elsevier.com/locate/devec
Article Statistics
Downloads
Copyright License
Copyright (c) 2026 Ahmad Rizky Pratama, Siti Nur Aisyah (Author)

This work is licensed under a Creative Commons Attribution 4.0 International License.