The Dynamic Impact Of The Demand And Supply Constraints On U.S. Trade With African Countries: A Case Study Of Selected Countries

Abstract

Although we conclude that the countries in the sample have a high marginal propensity to import, generally significantly greater than unity, and a very low marginal propensity to export, we can never claim to know why there has been so little trade between the United States and Africa. For that reason we must avoid making any general conclusion, even for countries with identical economic conditions.