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The External Sector of Africa's Economy

Part of the Advances in African Economic, Social and Political Development Book Series

Editors: Seck, Diery

DOI: 10.1007/978-3-319-97913-7

ISBN: 978-3-319-97912-0

Publisher: Springer International Publishing - Springer Journals

Apr 6, 2019

1 - 10 of 10 Chapters

LitStream

The Economic Value of Regional Integration in Africa

Seck, Diery

Pages: 3 –19

[Economic welfare is assumed to be pursued by an African country considering or evaluating its Regional Integration Arrangement (RIA) membership. The proposed approach assigns to imputed residuals computed from pre-integration trend lines the change in after reform per-capita GDP and gives an...
LitStream

Current Account Im(balances) and Adjustments to Targets for Regional Integration in West Africa: One Step Forward, Two Steps Backwards

Chuku, Chuku; Atan, Johnson; Obioesio, Felix; Onye, Kenneth

Pages: 21 –49

[In this paper, we seek to answer three main questions: first, what are the long- and short-run determinants of current account balances in West Africa; second, is there a sustainable path for the current account position that is consistent with regional integration; and if yes, what has been the...
LitStream

Obstacles to Strengthening Economic Integration in the West African Economic and Monetary Union

FE, Doukouré Charles

Pages: 51 –72

[This paper analyses the obstacles to strengthening economic integration in the West African Economic and Monetary Union (WAEMU). Several studies show, firstly, that strengthening economic integration requires an increase of intra-trade in Regional Trade Agreements (RTAs). But it is not the case...
LitStream

Growing External Trade, Development and Structural Heterogeneity in West Africa: Examining the Evidence

Ekpo, Akpan H.; Omotor, Douglason G.

Pages: 75 –93

[The paper sets out to determine the extent which West African economies are integrated, their take in the global value chains and some important parameters which could influence their trade flows given the perceived structural heterogeneity amongst them. The findings and results from the West...
LitStream

Driving Factors of Intra-regional Trade in Agricultural Goods: The Case of West African Economic and Monetary Union

Houeninvo, Toussaint; Sèdédji, Philippe

Pages: 95 –117

[Since the 2008 financial crisis and the 2010 European debt crisis, and their impact on African exports, strengthening regional integration appears to be an alternative to building resilience to shocks and promoting economic development in West Africa. Experience shows that the debt crisis in...
LitStream

Trade Openness and Food Security in Africa: A Comparative Study of CEMAC and WAEMU Countries

Assoumou-Ella, Giscard; Eba-Nguema, Ismaelline

Pages: 119 –135

[The paper conducted comparative analysis of the effect of trade liberalization on food security in CEMAC and WAEMU Countries with data spanning the period 1987–2014. Overall the findings lead to the conclusion of a negative effect in general. The beneficial effect of trade on the food situation...
LitStream

Trade in Services for Growth and Structural Transformation in West Africa

Okah Efogo, Françoise

Pages: 137 –160

[The objective of this paper is to identify the categories of services likely to foster structural transformation and economic growth in ECOWAS. This paper seeks to move beyond theoretical exercise by offering policy solutions which could streamline services trade in ECOWAS, thereby allowing it...
LitStream

Macroeconomic Effects of Commodity Price Shocks on ECOWAS Members

Tule, Moses K.; Afangideh, Udoma J.; Adeleke, Adegoke I.; Ujunwa, Augustine

Pages: 163 –184

[The current global commodity price shocks have generally affected many commodity dependent countries and also raised serious questions on the viability of regional blocks whose member countries are predominantly commodity-based economies. ECOWAS sub-region typifies evidence of primary export as...
LitStream

Is Currency Devaluation Appropriate for Improving Trade Balance in the WAMZ Countries?

Englama, Abwaku; Sissoho, Momodou; Odeniran, Olukayode; Haffner, Ozolina

Pages: 185 –212

[The paper examines the appropriateness of devaluation in improving trade balance in the six WAMZ countries. The motivation is largely derived from the need to reverse the deteriorating external sector of these countries which has become worrisome particularly from the latter half of 2014 on the...
LitStream

The ECOWAS–EU Economic Partnership Agreement: Towards Inclusive Development?

Acheampong, Theophilus; Ortsin, Ernest Amoabeng

Pages: 213 –239

[The Economic Partnership Agreement (EPA) continues to court controversy. Many ECOWAS countries together with other civil society organizations have expressed concern over the agreement and continue to campaign against it on grounds of possible damage to West Africa’s fragile economies from...

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