Institutions and intra-sub-regional trade: the ECOWAS Case

David Fadiran and Adeola Oyenubi

No 333452, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: Extensive evidence has been found in literature for the role of institutions in determining the outcomes of a number of macroeconomic variables. This evidence is however inconclusive in the case of trade. In this paper, the gravity model of trade is employed in an empirical assessment of the relationship between institutions and intra-sub-regional trade. In this regard, the overall impact of the quality of institutions is examined, as well as the impact of the difference in quality of institutions between trading countries, on bilateral trade within the ECOWAS (Economic Community of West African States) region. The empirical results show evidence of significant impact of differences in the quality of institutions on intra-sub-regional trade.

Keywords: International Relations/Trade; International Relations/Trade (search for similar items in EconPapers)
Pages: 21
Date: 2022
New Economics Papers: this item is included in nep-afr and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:333452

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