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Is Regional Integration Beneficial for Agricultural Productivity in Sub-Saharan Africa? The Case of CEMAC and WAEMU

In: Investment and Competitiveness in Africa

Author

Listed:
  • Juliet U. Elu

    (Morehouse College)

  • Gregory N. Price

    (Morehouse College)

Abstract

This paper examines the effects of regional euro-currency integration on agricultural productivity in Sub-Saharan Africa. We utilize a propensity score matching estimator to estimate the treatment effect of Sub-Saharan African countries joining regional euro-currency integration on agricultural value-added. Our parameter estimates reveal that regional euro-currency integration membership has positive effects on agricultural value-added. This suggests that as an institutional arrangement, regional currency union membership can improve agricultural productivity in Sub-Saharan Africa, which is an important component of achieving economic growth that is effective in reducing poverty.

Suggested Citation

  • Juliet U. Elu & Gregory N. Price, 2017. "Is Regional Integration Beneficial for Agricultural Productivity in Sub-Saharan Africa? The Case of CEMAC and WAEMU," Advances in African Economic, Social and Political Development, in: Diery Seck (ed.), Investment and Competitiveness in Africa, pages 207-213, Springer.
    • Handle: RePEc:spr:aaechp:978-3-319-44787-2_11
    DOI: 10.1007/978-3-319-44787-2_11
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    More about this item

    Keywords

    Currency integration; Sub-Saharan Africa; Agriculture value-added;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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