Regional integration and economic growth : new empirical evidence from the East African Community

Francis Ejones; Frank W. Agbola; Amir Mahmood

doi:10.1080/08853908.2021.1880990

Regional integration and economic growth : new empirical evidence from the East African Community

Francis Ejones, Frank W. Agbola, Amir Mahmood

Western Sydney University

Research output: Contribution to journal › Article › peer-review

11 Citations (Scopus)

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.

Original language	English
Pages (from-to)	311-335
Number of pages	25
Journal	International Trade Journal
Volume	35
Issue number	4
DOIs	https://doi.org/10.1080/08853908.2021.1880990
Publication status	Published - 2021

Keywords

East African Community
economic growth

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1080/08853908.2021.1880990

Cite this

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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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AB - 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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KW - economic growth

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JO - International Trade Journal

JF - International Trade Journal

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ER -

Regional integration and economic growth : new empirical evidence from the East African Community

Abstract

Keywords

UN SDGs

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