Ouverture commerciale internationale et croissance économique dans la communauté économique des États de l’Afrique de l’Ouest (CEDEEAO)
International trade openness and economic growth in the economic community of West African States (ECOWAS)

Author(s): Abdoulaye Cisse
Subject(s): Economy, International relations/trade, Economic development
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu
Keywords: trade openness;economic growth;Neoclassical Model;Panel;ECOWAS/CÉDÉAO;
Summary/Abstract: This paper provides an empirical analysis of the relationship between trade openness and economic growth in ECOWAS countries using panel data over the period 1980–2013. The results from the estimates show that there is a long-term relationship between trade openness and economic growth, but that link is not linear over time. Moreover, the results clearly show a positive and significant effect of trade openness on the per capita income level of the ECOWAS countries. This effect is accompanied by a higher level of industrialization and investment for economies. However, ECOWAS countries could further exploit opportunities for sub-regional, regional and international opportunities related to external openness in order to intensify trade to achieve higher and higher levels of performance and economic sustainable and inclusive development. At the sub-regional and regional level, this means increasing the application of the TEC measures and continuing efforts to harmonize the tariff structure.

• Details
• Contents