Regional integration and non‐tariff barriers to Intra‐ Sub‐Saharan Africa trade
Bibliographic Data
| ID | 21543817 |
|---|---|
| Authors | Festus Ebo Turkson (0000-0002-5366-5167, Department of Economics, School of Social Science University of Ghana Accra Ghana, corresponding author), Abena D Oduro (0000-0002-0321-8860, Department of Economics, School of Social Science University of Ghana Accra Ghana), Priscilla Twumasi Baffour (0000-0001-8792-5265, Department of Economics, School of Social Science University of Ghana Accra Ghana), Peter Quartey (0000-0002-7347-7219, Institute of Social, Statistical and Economic Research University of Ghana Accra Ghana) |
| Year | 2023 |
| Volume | 46 |
| Issue | 2 |
| Pages | 396-414 |
| Publication date | 2023-02-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | World Economy (JOURNAL) |
| Journal identifiers | ISSN: 0378-5920 • E-ISSN: 1467-9701 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/twec.13365 |
| OpenAlex | W4309550065 |
| Language | EN |
| References cited | 29 |
The paper assesses the ex‐post trade effect of sub‐regional trade agreements (RTAs), financial integration and other non‐tariff barriers on intra‐regional trade involving 43 Sub‐Saharan Africa (SSA) countries. The objective is to find out if RTAs within SSA had increased trade flows to inform current efforts of establishing a successful continental free trade area in SSA. Estimating a gravity model augmented with measures of trade agreements and financial integration, the paper made use of bilateral trade flows and key gravity covariates from CEPII database over the period 1960–2015. After controlling for the endogeneity of the trade agreement dummy, multilateral price resistance and zero‐valued trade flows, we find RTAs within SSA and especially among Economic Community of West African States and Southern Africa Development Community members to have had a positive and significant impact on bilateral trade. Financially integrated trading partners also traded more, while we also found distance, landlockedness, common currency and colonial link to have an impact on trade costs and bilateral trade flows within SSA. The results indicate the need to focus on policies to expand and integrate regional markets in SSA by removing impediments to trade and improving on trade facilitation measures to significantly improve trade performance under the newly established African Continental Free Trade Area
Bilateral trade · Business · Economic integration · Economics · Endogeneity · Free trade · Geography · Gravity model of trade · International economics · International free trade agreement · International trade · Regional Integration · Regional trade · Tariff · Trade barrier · Trade facilitation · Global trade and economics · International Business and FDI · International Development and Aid
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On the Specification of the Gravity Model of Trade
Trade Costs
The erosion of colonial trade linkages after independence
Infrastructure, Geographical Disadvantage, Transport Costs, and Trade
Gravity with Gravitas
The Estimation of Time-Invariant Variables in Panel Analyses with Unit Fixed Effects
Regional integration and the challenge of overlapping memberships on trade
Regional integration in Sub‐Saharan Africa
The Impact of Ecowas on Intraregional Trade Flows
Trade Liberalization and the Theory of Endogenous Protection
Do free trade agreements actually increase members' international trade
| Highly cited | No |
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