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The External Sector of Africa's EconomyThe Economic Value of Regional Integration in Africa

The External Sector of Africa's Economy: The Economic Value of Regional Integration in Africa [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 estimate of the economic gain that arises from the integration initiative for each member country. The timing of the gain is also identified starting from the year of integration enactment. For the sampling period 1970–2016, the results show that members of the UEMOA benefitted significantly and rapidly from the reform of 1994 while CEMAC countries reaped a significantly lesser gain. Considerable gains also accrued to EAC members over the period 1978–2016.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

The External Sector of Africa's EconomyThe Economic Value of Regional Integration in Africa

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References (19)

Publisher
Springer International Publishing
Copyright
© Springer Nature Switzerland AG 2019
ISBN
978-3-319-97912-0
Pages
3 –19
DOI
10.1007/978-3-319-97913-7_1
Publisher site
See Chapter on Publisher Site

Abstract

[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 estimate of the economic gain that arises from the integration initiative for each member country. The timing of the gain is also identified starting from the year of integration enactment. For the sampling period 1970–2016, the results show that members of the UEMOA benefitted significantly and rapidly from the reform of 1994 while CEMAC countries reaped a significantly lesser gain. Considerable gains also accrued to EAC members over the period 1978–2016.]

Published: Apr 6, 2019

Keywords: Economic development; Development planning and policy

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