The Impact of Ecowas on Intraregional Trade Flows: An Empirical Investigation

Author:

Deme Mamit

Abstract

There is a scarcity of published statistical analysis that examines the impact of economic integration schemes in Africa. This study fills the gap in the literature. The impact of Economic Community of West African States (ECOWAS) on trade flows of its member countries is examined applying an econometric analysis. The parameters of a multivariate trade-flows model are estimated using a panel data of the 1975 to 1991 period. The results suggest that the regional integration scheme has succeeded in increasing trade flows between member countries. The general view in the literature is that African integration schemes have failed to increase trade flows.

Publisher

SAGE Publications

Subject

Economics and Econometrics,Cultural Studies

Reference22 articles.

1. J. P. Renninger, “The Future of Economic Cooperation Schemes in Africa: with Special Reference to ECOWAS.” InAlternative Futures for Africa, edited by T. M. Shaw (Boulder, Colorado: Westview Press, 1982).

2. S. K. B. Asante, “ECOWAS, the EEC and the Lome Convention.” In D. Mazzeo.African Regional Organizations (New York: Cambridge University Press, 1984); B. Balassa,Economic Development and Integration (Mexico: Centro De Estudios Monetarios Latino Americanos, 1965); U. Ezenwe,ECOWAS and the Economic Integration of West Africa (New York: St. Martin’s Press, 1983); P. Robson, “The New Regionalism and Developing Countries,”Journal of Common Market Studies, 31 (September, 1993), 329–47; J.C. Senghor, “Theoretical Foundations for Regional Integration in Africa: An Overview.” In A. Nyongo.Regional Integration in Africa: Unfinished Agenda (Nairobi, Kenya: Academy Science Publishers, 1990).

3. S. K. B. Asante,The Political Economy of Regionalism in Africa: A Decade of the Economic Community of West African States (ECOWAS) (New York: Praeger Press, 1986); Ezenwe (1983).

4. Ezenwe (1983).

5. N. D. Aitken and W. R. Lowry, “A Cross-Sectional Study of the Effects of LAFTA and CACM on Latin American Trade,”Journal of Common Market Studies, 11 (June) 326-36; H. Linnemann,An Econometric Study of International Trade Flows (Amsterdam: North-Holland Publishing Company, 1966).

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