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Is Africa an Economic Space?

Khadidiatou Aidara, Founty A. Fall and Abdoulaye Seck

No 333021, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: This paper uses spatial dynamic panel data approach to analyze the extent to which regional integration processes in Africa has been able to generate economically-integrated space in which economic growth in one country spurs economic growth in its trading partners. The results indicate that the continent as a whole is indeed a spatially integrated economic space, although of a weak proportion compared to advanced economies. To the extent that proximity has more to do with bilateral trade than geographical distance, the results also point to a great deal of heterogeneity, as there is a positive growth spillover effect in regional groupings such as SADC, COMESA and ECOWAS, which happen to register larger intra-regional trade shares, but none in ECCAS and AMU. These results are a welcome addition into the debate over the relevance of a continent-wide free trade agreements and how they could foster inclusive and sustainable development for African economies.

Keywords: International; Development (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:333021

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