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2. Extra-ECOWAS Trade and Investment Flows: Any Evidence of Business Cycles Transmission?
- Author:
- Solomon Abayomi Olakojo
- Publication Date:
- 03-2016
- Content Type:
- Working Paper
- Institution:
- Centre for the Study of the Economies of Africa (CSEA)
- Abstract:
- This study investigates the effects of merchandise trade and investment flows on the transmission of business cycles between members of ECOWAS and the major trading partners between 1985 and 2014. Total trade and FDI significantly influence the transmission of business cycles with elasticities of 1.1% and 0.7%, respectively in the long run. There are little variations across the major trading partners and other measures of trade flows. Intra-industry trade flows with all partners, EU and USA influences the cross-country business cycles with elasticities of 1.0%, 0.5% and 1.8%, respectively. There is a weak evidence of trade and investment relationship with China transmitting business cycles in the long run, except in the case of total trade flows in the short run. Inter-industry trade flows also show weak tendencies of transmitting business cycles.
- Topic:
- Science and Technology, Business, Investment, and Trade
- Political Geography:
- Africa
3. Regional Trade For Inclusive Development In West Africa
- Author:
- Chukwuka Onyekwena and Tirimisiyu F. Oloko
- Publication Date:
- 11-2016
- Content Type:
- Working Paper
- Institution:
- Centre for the Study of the Economies of Africa (CSEA)
- Abstract:
- This study examines the potential of regional trade in facilitating the achievement of inclusive development in the West African region. It employs descriptive analysis to examine the nature, composition and dimension of ECOWAS trade within the group and with the rest of the world, vis–vis three other Regional Economic Communities (RECs) in sub-Saharan Africa (SSA). From the preliminary study, it can be observed that the growth rate of West African economies is increasing, but the rising economic growth does not translate to improvement in inclusive development, as there was no significant reduction in poverty levels in the region. Further evidence reveals that extra-regional trade of the region is increasing at a very high rate, and also at a disproportionate rate with intra-regional trade, compared with SADC. This indicates the existence of opportunity to boost regional trade for inclusive development through conversion of part of the extra-regional trade into regional trade.
- Topic:
- Development, Trade, Regional Economy, and Inclusion
- Political Geography:
- West Africa and Africa
4. Regional Integration In Africa: Some Recent Developments And Challenges
- Author:
- Idris Ademuyiwa and Eberechukwu Uneze
- Publication Date:
- 10-2014
- Content Type:
- Working Paper
- Institution:
- Centre for the Study of the Economies of Africa (CSEA)
- Abstract:
- African countries have been left out of the recent benefits accruing from international trade. For example, they accounted for only 3.2 percent of world trade in 2013 compared to 5 percent in the mid-1960s. Regional integration can reverse this weak performance as it holds the promise for countries to gain from the resultant economies of scale and enhanced competitiveness. It will also help to expand the markets for foreign direct investment.
- Topic:
- International Trade and Finance, Foreign Direct Investment, Regional Integration, Trade, and Trade Policy
- Political Geography:
- Africa and Latin America
5. Nigeria-Poland Bilateral Trade: Identifying New Trade Opportunities
- Author:
- Idris Ademuyiwa and Chukwuka Onyekwena
- Publication Date:
- 01-2014
- Content Type:
- Working Paper
- Institution:
- Centre for the Study of the Economies of Africa (CSEA)
- Abstract:
- This paper examines the bilateral trade relationship between Nigeria andPoland for the period 1995 to 2012. It uses the Decision Support Model (DSM)and the Growth Identification and Facilitation Framework (GIFF) to identifymarket for Nigerian exports in Poland.
- Topic:
- Bilateral Relations, Economic Growth, Exports, and Trade
- Political Geography:
- Africa, Eastern Europe, Poland, and Nigeria