This paper investigates how financial, trade, institutional and political liberalization policies have affected financial efficiency in Africa. It uses updated data to appraise second generation reforms in order to gather fresh evidence and derive more updated policy implications. The ‘freedom to trade’ and ‘economic freedom’ indices are also employed. The following findings are established. (1...

the main purpose of this paper is to present methods and recent development in the literature of intra industry trade (iit) measuring. the case study also is carried out for iranian manufacturing industries during time period 1997-2003. for this, iran's foreign trade data was collected, processed, and then used to estimate iit indices with respect to recent literature developments in iit m...