Determinants of Trade Flow in the Economic Community of Central African States (ECCAS): Does Governance Matter?

Autor: Olaifa, Felix Gbenga, Olubiyi, Ebenezer Adesoji, Benjamin, Oluwasegun Olawale
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Zdroj: Economic & Regional Studies/Studia Ekonomiczne i Regionalne; Mar2024, Vol. 17 Issue 1, p78-97, 20p
Abstrakt: This study analyzes the determinants of intra-ECCAS trade, with special attention paid to the role of institutional quality from 1996 to 2021. The study conducts descriptive analysis and utilizes a Negative Binomial Pseudo Maximum Likelihood to analyze the determinants of intra-ECCAS trade. The results suggest that gross domestic product (GDP), population, time taken for export shipment in the exporting countries and the bilateral real exchange rate of the importing partner country enhance intra-ECCAS trade flow. On the other hand, distance, two trading partners being landlocked, time for importing countries and bilateral real exchange rate of the exporting partner discourage this. Furthermore, the findings reveal that institutions are vital to intra-ECCAS trade. T he key d rivers of intra-ECCAS t rade a re GDP, population, t ime t aken for export shipment in the exporting countries, bilateral real exchange rate of the importing partner country, and institutions' quality measures. [ABSTRACT FROM AUTHOR]
Databáze: Complementary Index