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ORIGINAL ARTICLE
DETERMINANTS OF TRADE FLOW IN THE ECONOMIC
COMMUNITY OF CENTRAL AFRICAN STATES (ECCAS):
DOES GOVERNANCE MATTER?
1
Economics Department, Kwara State University, Malete, Nigeria
2
Economics Department, Federal University of Agriculture, Abeokuta, Nigeria
3
Research and Data Analysis Department, Lightway Research and Technology Centre, Nigeria
Submission date: 2023-11-06
Acceptance date: 2024-02-08
Online publication date: 2024-03-28
Publication date: 2024-03-28
Corresponding author
Economic and Regional Studies 2024;17(1):78-97
KEYWORDS
JEL CLASSIFICATION CODES
F10
F13
F14
F15
TOPICS
ABSTRACT
Subject and purpose of work: This study analyzes the determinants of intra-ECCAS trade, with
special attention paid to the role of institutional quality from 1996 to 2021. Materials and methods: The study conducts descriptive analysis and utilizes a Negative Binomial
Pseudo Maximum Likelihood to analyze the determinants of intra-ECCAS trade. Results: The results suggest that gross domestic product (GDP), population, time taken for export
shipment in the exporting countries and the bilateral real exchange rate of the importing partner
country enhance intra-ECCAS trade flow. On the other hand, distance, two trading partners being
landlocked, time for importing countries and bilateral real exchange rate of the exporting partner
discourage this. Furthermore, the findings reveal that institutions are vital to intra-ECCAS trade. Conclusions: The key drivers of intra-ECCAS t rade are GDP, population, time taken for export
shipment in the exporting countries, bilateral real exchange rate of the importing partner country, and institutions’ quality measures.
PEER REVIEW INFORMATION
Article has been screened for originality
iThenticate
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