Growth Spillovers Effects Through Trade in Africa: A Spatial Econometric Approach
Date
2021-09-17
Authors
Diandy, Idrissa Yaya
Journal Title
Journal ISSN
Volume Title
Publisher
African Economic Research Consortium
Abstract
This research purposed to assess the regional impact of growth induced by intra regional trade in Africa from 2001 to 2015. Indeed, there is not much literature on the
impact of trade on neighbouring countries in the same regional integration area. In
addition, the methods used so far do not allow explicitly handling these spillovers.
Recent developments in spatial analysis allow reconsidering these aspects at
theoretical and methodological levels. The standard dynamic panel approach shows
that intra-regional trade has no impact on growth in Africa. In contrast, estimates
of the spatial model reveal the existence of growth spillover effects related to trade
between countries. In addition, these effects are larger at the sub-regional level,
demonstrating that African trade remains more regional than continental.