Olamide ayoade-alabi

I am a recent Ph.D. graduate from the Department of Economics at Monash University, Australia. I am working in the area of economic development, trade economics and macroeconomics with Solmaz Moslehi, Qingyuan Du and Nathaniel Lane.

I am presently working on estimating the effects of trade liberalization on structural transformation and industrialization in Africa using synthetic control methods. Previous areas of research include estimating historical GDP figures in Africa and studying sustainable economic development in African countries. I also have experience working at Goldman Sachs, KPMG and Deloitte.

To contact me, you can email me directly using my university email address: olamide.ayoade-alabi@monash.edu.

"Adopt as your fundamental creed that you will equip yourself for life, not solely for your own benefit but for the benefit of the whole community."
— Sir John Monash


1. Estimating GDP figures for 17 African countries from 1850-1950
This paper attempts to contribute to the ongoing analysis on economic growth in Africa by attempting to construct GDP figures for African countries from the 1800’s till 1950. The study constructs reliable figures on GDP per capita using international trade data.

The aim of this paper is to present a standardized data set of national income for African economies from the 1800’s till date. This has been done for 17 countries so far and will give some insight into the history of these economies, facilitate an understanding of why most African countries share similar tragic socio-economic experiences. and explore what lessons can be learnt from the past that can help foster sustainable development in Africa.

2. The effects of trade openness and labour market rigidity on self-employment in Africa
Reducing the rate of self-employment is very important in developing countries. Opening up to trade may improve employment outcomes of a country as it should move resources towards the most productive sectors and lead to more efficiency. This is one of the basic tenets of the Heckscher Ohlin model(1991). In this paper, we find that trade openness does not have a unilateral impact on self-employment. It is important to include the degree of labour market rigidity in the analysis in order to know how trade openness affects labour market outcomes.

When labour market rigidity is considered, trade openness has a statistically significant and negative effect on self-employment and the interaction between trade openness and labour market rigidity has a positive and statistically significant effect on self employment in Africa. This signifies that when a country with more rigid labour market opens up to trade, the rate of self – employment rises.

3. Using Synthetic Control Methods to estimate how trade liberalization impacts structural adjustment in Africa
Structural change is necessary for economic growth and trade liberalisation can encourage structural transformation. From the early 1980's, most African countries began liberalising trade and are currently open to trade. However, structural change in Africa has not followed the pattern needed for economic growth. This paper uses a generalised synthetic control method to estimate the effect of trade liberalisation on employment and value added shares of the agriculture, industry and service sectors in a group of African countries.