Factors Explaining the Weakness of Intra-Regional Trade Flows in the  ECOWAS Region

Mamadou Saidou Ndao

doi:10.9734/jemt/2023/v29i111166

Research Article Open access CC BY 4.0

Factors Explaining the Weakness of Intra-Regional Trade Flows in the ECOWAS Region

Mamadou Saidou Ndao

Journal of Economics, Management and Trade · pp. 104–113 · Published 17 Nov 2023

10.9734/jemt/2023/v29i111166

Abstract

With a GDP of over 628 billion dollars and a population of over 350 million, ECOWAS (Benin, Burkina Faso, Côte d'Ivoire, Ghana, Guinea, Mali, Niger, Nigeria, Senegal and Togo) was set to be one of Africa's most powerful economic blocs. However, at ECOWAS level, intracommunity trade is still low, and its share of world trade is around 0.3%. Moreover, intracommunity trade, which is estimated at 10% of the region's total trade, is also low compared with other regional blocs. The main objective of this article is to identify the main factors explaining the evolution of trade within ECOWAS. The augmented gravity model is used to show that economic and structural factors have a significant impact on intra-regional trade. Geographic, demographic and institutional factors play a key role in the evolution of intraregional trade.

Trade flows intra regional gravity model ECOWAS

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Mamadou Saidou Ndao (2023). Factors Explaining the Weakness of Intra-Regional Trade Flows in the ECOWAS Region. Journal of Economics, Management and Trade , 104–113. https://doi.org/10.9734/jemt/2023/v29i111166

Affiliations

Mamadou Saidou Ndao — Cheikh Anta Diop University, Dakar, Senegal.

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