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|Language of final thesis:||English|
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|Title of the thesis:||Impacts of international trade on economic development in Sub-Saharan Africa|
|Summary:||This thesis examines the impacts that international trade has on the economic development of Sub-Saharan Africa. Trade balance was used as a proxy for international trade while HDI was used as a proxy for economic development. Secondary data for trade balance as a percentage of GDP and HDI were sampled from the World Bank and the UN respectively. The physical checks of the data using histograms, a scatter plot, and Q-Q plots indicated the possibility of linear regression. Using the t-test to test the hypothesis, the regression analysis, however, indicated that there is insufficient evidence to assume a linear relationship between international trade and economic development.
Interestingly, further tests using a reduced confidence level and a corresponding significance level showed a weak positive association between international trade and economic development. The regression coefficient, being closer to 0, suggested that if any, the impacts that international trade has on economic development is insignificant.
|Key words:||economic development, impacts, international trade, Sub-Saharan Africa|
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|–||Thesis assignment unlimited|