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The External Sector of Africa's EconomyDriving Factors of Intra-regional Trade in Agricultural Goods: The Case of West African Economic and Monetary Union

The External Sector of Africa's Economy: Driving Factors of Intra-regional Trade in Agricultural... [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 Europe has negatively affected exports of several African countries. Similar effects have been observed during the recent decline in commodity prices. Given that countries of the Economic and Monetary Union of West Africa (UEMOA) are agriculture dominant countries with the share of agricultural value added to GDP representing between 20% and 46% of countries, boosting intra-region trade, specifically intra-WAEMU agricultural exports, can serve as a key factor for inclusive development in West Africa.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

The External Sector of Africa's EconomyDriving Factors of Intra-regional Trade in Agricultural Goods: The Case of West African Economic and Monetary Union

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References (6)

Publisher
Springer International Publishing
Copyright
© Springer Nature Switzerland AG 2019
ISBN
978-3-319-97912-0
Pages
95 –117
DOI
10.1007/978-3-319-97913-7_5
Publisher site
See Chapter on Publisher Site

Abstract

[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 Europe has negatively affected exports of several African countries. Similar effects have been observed during the recent decline in commodity prices. Given that countries of the Economic and Monetary Union of West Africa (UEMOA) are agriculture dominant countries with the share of agricultural value added to GDP representing between 20% and 46% of countries, boosting intra-region trade, specifically intra-WAEMU agricultural exports, can serve as a key factor for inclusive development in West Africa.]

Published: Apr 6, 2019

Keywords: Intra regional agricultural exports; Foreign direct investment; Panel data; Gravity model; West Africa; F14; O55; Q17; Q18

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