Is Regional Integration Beneficial for Agricultural Productivity in Sub-Saharan Africa? The Case of CEMAC and WAEMU

Juliet U. Elu () and Gregory Price
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Juliet U. Elu: Morehouse College

A chapter in Investment and Competitiveness in Africa, 2017, pp 207-213 from Springer

Abstract: Abstract This paper examines the effects of regional euro-currency integration on agricultural productivity in Sub-Saharan Africa. We utilize a propensity score matching estimator to estimate the treatment effect of Sub-Saharan African countries joining regional euro-currency integration on agricultural value-added. Our parameter estimates reveal that regional euro-currency integration membership has positive effects on agricultural value-added. This suggests that as an institutional arrangement, regional currency union membership can improve agricultural productivity in Sub-Saharan Africa, which is an important component of achieving economic growth that is effective in reducing poverty.

Keywords: Currency integration; Sub-Saharan Africa; Agriculture value-added (search for similar items in EconPapers)
JEL-codes: F15 H32 L25 O55 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:aaechp:978-3-319-44787-2_11

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DOI: 10.1007/978-3-319-44787-2_11

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