Economics, Econometrics and Finance
a year ago

ECOWAS Trade Agreement Boosts Regional Economy, Reduces Trade Barriers.

Business and Entrepreneurial Review (BER)
Analysing Trade Creation and Trade Diversion effects in ECOWAS Regional Trade Agreement
Oladimeji Fajimolu, Olabode Olayemi

Paper Summary

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The article examines trade effects in the ECOWAS regional trade agreement. It uses data from 2008-2018 and finds that factors like GDP and population influence trade flow within the region. Some countries' memberships in trade agreements have led to trade diversion, while others have boosted trade creation. The study suggests that adherence to the agreement's terms can enhance trade creation in the ECOWAS region.