Regional Trade and Economic Growth in West Africa
- Mutiu A. Oyinlola
- Abdulfatai A. Adedeji
- and Omolola M. Lipede
- ( paper pages. 55 - 84 )
Abstract
This paper examines
the role of regional trade in economic growth in four countries in West Africa
between 1990 and 2017. Also, the study utilizes the Autoregressive Distributed
Lag (ARDL) modelling approach to examine the relationship between the
variables. The results indicate that the export share of countries in the
ECOWAS and African regions is largely dominated by negative values, which
implies that these countries have not explored or largely benefitted from
intra-African trade as expected. Specifically, the short-run results for the
export share in the sub-region show a positive influence on economic growth in
only models for Cȏte d’Ivoire and Nigeria and is only positively related to
growth in the model for Cȏte d’Ivoire in the long-run. Similar results were
also observed in the case of trade intensity, except that Senegal’s result
turned positive under trade intensity in Africa in the short run. The same
pattern was observed in the long run.
Citation
Mutiu A. Oyinlola, Abdulfatai A. Adedeji, and Omolola M. Lipede.
2022.
"Regional Trade and Economic Growth in West Africa"
The Nigerian Journal of Economic and Social Studies,
64 (1): 55 - 84.
JEL Classification
B4, F1, O4, O5
