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Title:Multi-membership and effectiveness of regional trade agreements in Western and Southern Africa: a comparative study of ECOWAS and SADC PDF Logo
Authors:Afesorgbor, Sylvanus Kwaku
van Bergeijk, Peter A.G.
Issue Date:2011
Series/Report no.:Proceedings of the German Development Economics Conference, Berlin 2011 1
Abstract:Using a gravity model for 35 countries and the years 1995-2006 we estimate the impact of regional trade agreements in Africa (in particular ECOWAS and SADC) and compare this to the a benchmark of North South trade integration (Europe's preferential trade agreement). We find that - ECOWAS and SADC membership significantly increases bilateral trade flows (and by more than for example preferential trade agreements with the EU do), - SADC membership has a stronger impact compared to ECOWAS and - that the impact of multi-membership critically depends on the characteristics of the overlapping RTA We find a positive impact if an additional membership complements the integration process of the original RTA: overlapping memberships had a significant positive effect on bilateral trade within the ECOWAS bloc but it is insignificant for SADC.
Subjects:Sub Sahara Africa
regional economic integration
South-South trade
North-South trade intra-regional trade
gravity model
international trade
multi-membership
Document Type:Conference Paper
Appears in Collections:Proceedings of the German Development Economics Conference, 2011 (Berlin)

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