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Feeling the Elephant's Weight - The Impact of Cte D'Ivoire's Crisis on Waemu Trade (Electronic book text)
Feeling the Elephant's Weight - The Impact of Cte D'Ivoire's Crisis on Waemu Trade (Electronic book text):...

Feeling the Elephant's Weight - The Impact of Cte D'Ivoire's Crisis on Waemu Trade (Electronic book text)

Ankouvi Nayo

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This paper analyzes the impact of political instability in Cte d'Ivoire on WAEMU trade over 1990-2007, applying panel econometric techniques to a gravity model of trade within WAEMU and between WAEMU and the rest of the world. The paper finds that intra-regional trade represents a small share of total WAEMU trade and that Cte d'Ivoire accounts for around half of that total, highlighting the importance of this country for the region. The political instability in Cte d'Ivoire has led to an increase in transaction costs, making it relatively more costly for member countries to trade with each other than with the rest of world. Instability has also resulted in a diversion of trade away from Cte d'Ivoire in favor of other countries equipped with ports and in a reduction of WAEMU overall potential trade. For Cte d'Ivoire alone, lost trade is estimated at around 40 percent of its potential trade with the WAEMU in the absence of instability. With a normalization in Cte d'Ivoire, enhanced security and further integration would be essential to achieve higher levels of trade and growth in the WAEMU region.

General

Imprint: Not Avail
Country of origin: United States
Release date: April 2011
Authors: Ankouvi Nayo
Format: Electronic book text
Pages: 34
ISBN-13: 978-6613878342
Categories: Books
LSN: 6613878340
Barcode: 9786613878342

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