Edited by Oliver Morrissey, Ricardo Lopez and Kishor Sharma
Chapter 11: Integration and regional trade in sub-Saharan Africa
AbstractThis chapter employs gravity regressions to estimate the ex post trade effects of regional trade agreements (RTAs) in sub-Saharan Africa (SSA) for 25 EU and 48 SSA countries using data from 1960 to 2006. In addition to EU-SSA RTAs the chapter considers the Economic Community of West African States (ECOWAS), the Economic Community of Central African States (ECCAS), the Southern Africa Development Corporation (SADC), the East African Community (EAC) and the Intergovernmental Authority on Drought and Development (IGADD). Similarities of trade and production structures limit the contribution of RTAs to intra-SSA trade (South–South trade), although RTAs within SSA increase trade on average by 5–30 per cent for member countries of ECOWAS and SADC. The results suggest the need for SSA countries to focus on expanding and integrating regional markets in order to significantly improve trade performance. The EU’s trade preferences with SSA on average increase exports from SSA countries to the EU by 17–24 per cent, so North–South trade has been beneficial.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.