Economic integration and survival of Ghana's manufactured and agriculture raw material exports.

Autor: Teye-Gaga P; Department of Economic Studies, School of Economics University of Cape Coast, Cape Coast, Ghana., Obeng CK; Department of Economic Studies, School of Economics University of Cape Coast, Cape Coast, Ghana., Afful B; Department of Economic Studies, School of Economics University of Cape Coast, Cape Coast, Ghana., Boadu MT; Department of Data Science, School of Economics University of Cape Coast, Cape Coast, Ghana.
Jazyk: angličtina
Zdroj: Heliyon [Heliyon] 2022 Dec 30; Vol. 9 (1), pp. e12723. Date of Electronic Publication: 2022 Dec 30 (Print Publication: 2023).
DOI: 10.1016/j.heliyon.2022.e12723
Abstrakt: The paper investigates the effects of economic integration agreements on the survival of Ghana's manufactured and agriculture raw material exports. Using annual trade data for Ghanaian manufactured and agriculture raw material product exports from 1988 to 2018 and a discrete-time proportional hazard model, we found that economic integration agreements enhance the survival of manufactured products and agriculture raw material exports. The Non-Reciprocal Preferential Trade Agreement is the most survival-enhancing. In addition, economic integration agreements strengthen the survival of existing active export relations but decrease the survival of export relations initiated after the agreement was signed. We also found that the average duration of manufactured products and agriculture raw material exports is 9.041 and 8.817 years, respectively. The study recommends that the Ministry of Trade and Industry should continue negotiating for Non-Reciprocal Trade Agreements.
(© 2022 The Author(s).)
Databáze: MEDLINE