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This paper investigates bilateral trade flows and the level of openness across ECOWAS-15 nations for the period of 1981-2013 using Poisson pseudo maximum likelihood (PPML), fully modified ordinary least squares (FMOLS) and canonical cointegrating regression (CCR). Comparing the results, the...
Persistent link: https://www.econbiz.de/10012961189
The objective of this research is to reexamine the constraints to export supply in ECOWAS countries, mainly in intra … estimates show tariffs are not a constraint on ECOWAS countries' export supply. From these results, we conclude that the low … export diversification of ECOWAS economies remains the major constraint on their capacity to supply the intra-regional market …
Persistent link: https://www.econbiz.de/10013348402
Using a gravity model for 35 countries and the years 1995-2006 we estimate the impact of regional trade agreements in Africa (in particular ECOWAS and SADC) and compare this to the a benchmark of North South trade integration (Europe’s preferential trade agreement). We find that • ECOWAS and...
Persistent link: https://www.econbiz.de/10014043978
The objective of this research is to reexamine the constraints to export supply in ECOWAS countries, mainly in intra … estimates show tariffs are not a constraint on ECOWAS countries' export supply. From these results, we conclude that the low … export diversification of ECOWAS economies remains the major constraint on their capacity to supply the intra-regional market …
Persistent link: https://www.econbiz.de/10014102027
Intra South Asian Association for Regional Cooperation (SAARC) trade isn’t of commendable value as compared to that of EU or ASEAN. The question arises, does the trend imply failure of SAARC in economic terms or the root failure lies outside the rational scope of trade? Therefore, an attempt...
Persistent link: https://www.econbiz.de/10014112577
Purpose - This paper makes an analysis of trade in the WAMZ as well as the WAMZ's trade with other countries in West Africa, Europe and Asia based on the Optimal Currency Area (OCA) theory. This theory first proposed by Mundell (1961) as a basis for evaluating whether or not an area constitutes...
Persistent link: https://www.econbiz.de/10013001455
Regional integration is the strategy adopted at the continental level to strengthen Africa’s development. However, the different regional blocs already established on the continent face many challenges. Based on the economic integration of the ECOWAS (Economic Community of West African States)...
Persistent link: https://www.econbiz.de/10011886771
This study explores the extent to which regional integration can be a viable tool in driving energy sustainability in the Economic Community of West African States (ECOWAS) sub-region of Africa, and vice versa. It examines the existing opportunities and the attendant challenges for improved...
Persistent link: https://www.econbiz.de/10012122491
Regional economic integration arrangements have their own purpose, legal framework, institutional set-up, history, and trajectory, and this paper aims to study these factors in relation to the Economic Community of West African States (ECOWAS). When dealing with regional integration, it is...
Persistent link: https://www.econbiz.de/10014057609
This paper attempts to examine the challenges of monetary integration in the West African Monetary Zone (WAMZ) during the period 2001-2017, within the framework of the Economic Community of West African States (ECOWAS) Monetary Cooperation Programme (EMCP). The paper recounts the evolution of...
Persistent link: https://www.econbiz.de/10013348396