ASSESSING THE IMPACT OF INTEGRATION ON ECONOMIC GROWTH AND FOOD SECURITY IN ECOWAS

Almame Tinta (), Daniel Sarpong (), Idrissa Ouedraogo (), Ramatu Hassan (), Akwasi Mensah-BONSU () and Edward Onumah ()
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Almame Tinta: Université Ouaga 2, Burkina Faso, Postal: BF
Daniel Sarpong: University of Ghana, Ghana, Postal: GH
Idrissa Ouedraogo: Université Ouaga 2, Burkina Faso, Postal: BF
Ramatu Hassan: University of Ghana, Ghana, Postal: GH
Akwasi Mensah-BONSU: University of Ghana, Ghana, Postal: GH
Edward Onumah: University of Ghana, Ghana, Postal: GH

Theoretical and Practical Research in the Economic Fields, 2018, vol. 9, issue 1, 32-44

Abstract: This study analyzes the potential of regional integration through the culture of trade value chains in accelerating economic growth and achieving food security with a focus on ECOWAS. Some strategies that regional integration can promote to stimulate economic growth and increase food security are compared. The study examines whether countries must develop strategies to raise international trade through increasing openness degree or whether countries must develop policies to reinforce community or regional trade through the potential of value chains inside the regional integration. Three instruments are investigated (trade openness, intra-regional trade openness and the community insertion to value chains). Two models are estimated with panel fixed effects using data from 1995 to 2012. The findings support that regional integration needs to be strengthen and better promoted in order to stimulate the potential of each country to move from discontinuous growth to sustained growth. International trade is not a solution for ECOWAS countries to boost economic growth, but regional trade linked to creation of value chains among each country can be the engine of the region growth and food security.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:srs:jtpref:v:9:y:2018:i:1:p:32-44

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