Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

The External Sector of Africa's EconomyTrade in Services for Growth and Structural Transformation in West Africa

The External Sector of Africa's Economy: Trade in Services for Growth and Structural... [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 to take advantage of expansion in this sector. For this, we rely on data from ECOWAS countries between 1995 and 2015 from the UNCTAD database and WDI (2016) database. Results from a dynamic panel model show that for each ECOWAS countries there is at least one category of services that promotes structural transformation and/or economic growth. Services trade (imports and/or exports) could be a powerful tool for economic growth, structural transformation and integration if the various countries rely on the appropriate service for this purpose.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

The External Sector of Africa's EconomyTrade in Services for Growth and Structural Transformation in West Africa

Download PDF
23 pages

Loading next page...
 
/lp/springer-journals/the-external-sector-of-africa-s-economy-trade-in-services-for-growth-A4LyEdqqKx

References (21)

Publisher
Springer International Publishing
Copyright
© Springer Nature Switzerland AG 2019
ISBN
978-3-319-97912-0
Pages
137 –160
DOI
10.1007/978-3-319-97913-7_7
Publisher site
See Chapter on Publisher Site

Abstract

[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 to take advantage of expansion in this sector. For this, we rely on data from ECOWAS countries between 1995 and 2015 from the UNCTAD database and WDI (2016) database. Results from a dynamic panel model show that for each ECOWAS countries there is at least one category of services that promotes structural transformation and/or economic growth. Services trade (imports and/or exports) could be a powerful tool for economic growth, structural transformation and integration if the various countries rely on the appropriate service for this purpose.]

Published: Apr 6, 2019

Keywords: Trade in services; Economic growth; Structural transformation; ECOWAS; O14; O24; O40

There are no references for this article.