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An Empirical Analysis of Integration and Intra-Regional Trade in ECOWAS

Author

Listed:
  • Eme A. Dada

    (Department of Economics, University of Ibadan, Nigeria)

  • Adegoke I. Adeleke

Abstract

This research examines integration and intra-regional trade in ECOWAS. It focuses on the benefit of common policies within ECOWAS and the impact it has on intraregional trade among member countries. The study utilizes a gravity model that is modified to reflect economic features of ECOWAS. Finds of the research show that economic size and common language are the major drivers of intra-regional trade in ECOWAS. Specifically, it indicates that real GDP, population size, openness and language positively influence intra-regional trade while distance was found to be negatively related to intra-ECOWAS trade. Deepening economic and cultural integration is recommended to maximise the enormous gains accruable from increased intra-regional trade.

Suggested Citation

  • Eme A. Dada & Adegoke I. Adeleke, 2015. "An Empirical Analysis of Integration and Intra-Regional Trade in ECOWAS," Journal of African Development, African Finance and Economic Association (AFEA), vol. 17(1), pages 95-116.
    • Handle: RePEc:afe:journl:v:17:y:2015:i:1:p:95-116
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    More about this item

    Keywords

    ECOWAS; Foreign Investment; Integration; Trade Agreements;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration

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