IDEAS home Printed from https://ideas.repec.org/h/spr/aaechp/978-3-319-44787-2_8.html
   My bibliography  Save this book chapter

Financial Development, Trade Costs and Bilateral Trade Flows: Connecting the Nexus in ECOWAS

In: Investment and Competitiveness in Africa

Author

Listed:
  • Evans S. Osabuohien

    (Covenant University)

  • John T. Odebiyi

    (Covenant University)

  • Uchenna R. Efobi

    (Covenant University)

  • Oluyemi O. Fayomi

    (Covenant University)

Abstract

Financial Development (FD) in both exporting and importing countries would be required to fund production and consumption, respectively. However, the extent to which this affects Economic Community of West African States-ECOWAS intra-regional trade, has not been empirically investigated, which motivates this study. It examines the pattern of trade, provides the level of FD and influence of FD in ECOWAS. It utilises the augmented gravity model of trade to empirically examine the effects of FD on bilateral trade flows in ECOWAS. To achieve the objectives, descriptive and econometric methods of analysis were engaged. Among the findings is that the FD of both exporting and importing countries are significant determinants of bilateral trade flows in ECOWAS. This suggests, among others, that more credit available to the private sector will significantly boost bilateral trade flows.

Suggested Citation

  • Evans S. Osabuohien & John T. Odebiyi & Uchenna R. Efobi & Oluyemi O. Fayomi, 2017. "Financial Development, Trade Costs and Bilateral Trade Flows: Connecting the Nexus in ECOWAS," Advances in African Economic, Social and Political Development, in: Diery Seck (ed.), Investment and Competitiveness in Africa, pages 153-175, Springer.
    • Handle: RePEc:spr:aaechp:978-3-319-44787-2_8
    DOI: 10.1007/978-3-319-44787-2_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Opeyemi, Akinyemi & Uchenna, Efobi & Simplice, Asongu & Evans, Osabuohein, 2019. "Renewable energy, trade performance and the conditional role of finance and institutional capacity in sub-Sahara African countries," Energy Policy, Elsevier, vol. 132(C), pages 490-498.
    2. Jeremiah O. Ejemeyovwi & Evans S. Osabuohien & Olawale D. Johnson & Ebenezer I. K. Bowale, 2019. "Internet usage, innovation and human development nexus in Africa: the case of ECOWAS," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 8(1), pages 1-16, December.
    3. Meqbel Mishary Aliedan, 2020. "Overall business climate and its impact on environmental sustainability: analyzing evidence from ASEAN countries," Post-Print hal-03121009, HAL.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:aaechp:978-3-319-44787-2_8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.