TY - JOUR
T1 - The intensity of trade creation and trade diversion in COMESA, ECCAS and ECOWAS
T2 - A comparative analysis
AU - Musila, Jacob Wanjala
N1 - Funding Information:
1I am grateful to the managing editor, Professor Augustin Fosu, and two anonymous referees for valuable comments on the earlier drafts of the paper. I gratefully acknowledge financial assistance from Athabasca University’s Academic Research Council. Responsibility for any errors is solely mine.
PY - 2005/3
Y1 - 2005/3
N2 - This paper uses the gravity model to estimate the intensity of trade creation and trade diversion in COMESA, ECCAS and ECOWAS. Using annual data for the years 1991-8, we find that the intensity of trade creation or diversion varies from region to region and from period to period. The empirical results suggest that the intensity of trade creation is higher in the ECOWAS followed by COMESA. The trade creation effect in the ECCAS is not collaborated empirically. The estimated results also suggest that the trade diversion effects are weak in the three regional organisations. The results reinforce the idea that size factors (level of GNP and population) and resistance factors (distance and language) play an important role in the determination of the flow of international trade.
AB - This paper uses the gravity model to estimate the intensity of trade creation and trade diversion in COMESA, ECCAS and ECOWAS. Using annual data for the years 1991-8, we find that the intensity of trade creation or diversion varies from region to region and from period to period. The empirical results suggest that the intensity of trade creation is higher in the ECOWAS followed by COMESA. The trade creation effect in the ECCAS is not collaborated empirically. The estimated results also suggest that the trade diversion effects are weak in the three regional organisations. The results reinforce the idea that size factors (level of GNP and population) and resistance factors (distance and language) play an important role in the determination of the flow of international trade.
UR - http://www.scopus.com/inward/record.url?scp=15544382102&partnerID=8YFLogxK
U2 - 10.1093/jae/ejh039
DO - 10.1093/jae/ejh039
M3 - Journal Article
AN - SCOPUS:15544382102
SN - 0963-8024
VL - 14
SP - 117
EP - 141
JO - Journal of African Economies
JF - Journal of African Economies
IS - 1
ER -