Research output: Contribution to journal/Conference contribution in journal/Contribution to newspaper › Journal article › Research › peer-review
Measuring Multi-Membership in Economic Integration and Its Trade Impact : A Comparative Study of ECOWAS and SADC. / Afesorgbor, Sylvanus Kwaku; van Bergeijk, Peter A.G.
In: South African Journal of Economics, 22.04.2014, p. 518-530.Research output: Contribution to journal/Conference contribution in journal/Contribution to newspaper › Journal article › Research › peer-review
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TY - JOUR
T1 - Measuring Multi-Membership in Economic Integration and Its Trade Impact
T2 - A Comparative Study of ECOWAS and SADC
AU - Afesorgbor, Sylvanus Kwaku
AU - van Bergeijk, Peter A.G.
PY - 2014/4/22
Y1 - 2014/4/22
N2 - One of the intriguing aspects of African regional trade agreements (RTAs) is the extent of multi-membership, where many African countries are members of more than one RTA. Using a gravity model for 25 countries and the years 1980-2006, we measure the extent of multi-membership and compare its impact in two major African regional blocs, Economic Community of West Africa States (ECOWAS) and Southern Africa Development Community (SADC). We find that the impact of multi-membership critically depends on the characteristics of the multi-membership of regional integration initiatives. We find a positive impact if an additional membership complements the integration process of the original regional integration initiative: overlapping memberships had a much stronger and significant positive effect on bilateral trade within ECOWAS compare with an insignificant impact within the SADC.
AB - One of the intriguing aspects of African regional trade agreements (RTAs) is the extent of multi-membership, where many African countries are members of more than one RTA. Using a gravity model for 25 countries and the years 1980-2006, we measure the extent of multi-membership and compare its impact in two major African regional blocs, Economic Community of West Africa States (ECOWAS) and Southern Africa Development Community (SADC). We find that the impact of multi-membership critically depends on the characteristics of the multi-membership of regional integration initiatives. We find a positive impact if an additional membership complements the integration process of the original regional integration initiative: overlapping memberships had a much stronger and significant positive effect on bilateral trade within ECOWAS compare with an insignificant impact within the SADC.
KW - ECOWAS
KW - Multi-membership
KW - Regional economic integration,
KW - Regional gravity model
KW - SADC
U2 - 10.1111/saje.12045
DO - 10.1111/saje.12045
M3 - Journal article
SP - 518
EP - 530
JO - South African Journal of Economics
JF - South African Journal of Economics
SN - 0038-2280
ER -