Regional Integration and Economic Growth: New Empirical Evidence from the East African Community

IF 1.3 Q3 ECONOMICS

International Trade Journal Pub Date : 2021-02-12 DOI:10.1080/08853908.2021.1880990

Francis Ejones, F. W. Agbola, A. Mahmood

引用次数: 6

Abstract

ABSTRACT This article empirically investigates the impact of the East African Community (EAC) on economic growth. We utilized a comprehensive panel data spanning from 1988 to 2017. We estimated an endogenous growth model using feasible generalized least squares (FGLS) and panel corrected standard error (PCSE) estimators. Regional trade agreements (RTAs) and trade openness enhance economic growth. RTAs in the same region have a more significant impact on economic growth than plurilateral and multilateral RTAs. Regionalism in the EAC has heterogeneous country effects on economic growth. Our results are robust to alternative model specifications, highlighting the importance of RTAs in enhancing economic growth.

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区域一体化与经济增长：来自东非共同体的新经验证据

本文实证研究了东非共同体对经济增长的影响。我们使用了1988年至2017年的全面面板数据。我们使用可行的广义最小二乘（FGLS）和面板校正标准误差（PCSE）估计量来估计内生增长模型。区域贸易协定和贸易开放促进了经济增长。同一区域的区域贸易协定对经济增长的影响比诸边和多边区域贸易协定更大。东非共同体的区域主义对经济增长具有异质性国家影响。我们的结果与其他模型规范相比是稳健的，突出了区域贸易协定在促进经济增长方面的重要性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Trade Journal Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

1.90

自引率

0.00%

发文量

期刊介绍： The International Trade Journal is a refereed interdisciplinary journal published for the enhancement of research in international trade. Its editorial objective is to provide a forum for the scholarly exchange of research findings in,and significant empirical, conceptual, or theoretical contributions to the field. The International Trade Journal welcomes contributions from researchers in academia as well as practitioners of international trade broadly defined.