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Effets du Commerce Extérieur sur la Croissance Economique en Zone CEDEAO

Agbahoungba, Lesfran Sam Wanilo and Thiam, Ibrahima (2018): Effets du Commerce Extérieur sur la Croissance Economique en Zone CEDEAO.

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Abstract

This paper analyzes the effects of international trade on the economic growth of ECOWAS countries. The augmented version of the Solow’s growth model (1956) used by Mankiw et al. (1992) served as the basis for the specification of the model. The generalized moment method (GMM) in system was employed on a panel of 12 ECOWAS countries over the time period 1996-2016. The results indicate a negative and significant relationship between the trade ratio and economic growth in ECOWAS. This means that the current level of foreign trade is not really a proven source of economic growth in the ECOWAS. In terms of economic policy implications, the study suggests better participation in international trade for member states with a deep analysis of the structure of traded goods mainly imports.

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