The Impact of Ecowas on Intraregional Trade Flows: An Empirical Investigation

Abstract

There is a scarcity of published statistical analysis that examines the impact of economic integration schemes in Africa. This study fills the gap in the literature. The impact of Economic Community of West African States (ECOWAS) on trade flows of its member countries is examined applying an econometric analysis. The parameters of a multivariate trade-flows model are estimated using a panel data of the 1975 to 1991 period. The results suggest that the regional integration scheme has succeeded in increasing trade flows between member countries. The general view in the literature is that African integration schemes have failed to increase trade flows.

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