THE EFFECTS OF REGIONAL INTEGRATION ON ECONOMIC GROWTH IN ECOWAS COUNTRIES
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
This study examined the effects of regional integration on economic growth of ECOWAS member countries from 2010 to 2020. Unlike previous studies that mainly utilised variables like terms of trade and export to capture regional integration, this study employed the regional integration index computed from 2010 to 2020 and made available by the African Regional Integration Index (ARII) in five dimensions to capture the effects of regional integration on economic growth of ECOWAS members. The objective of the study was to examine the effects of trade and financial integrations on economic growth using trade integration index and financial integration index as proxies for trade integration and financial integration respectively. To overcome the potential problems such as cross-sectional dependence among countries, serial correlation of the error term, and more importantly, the problem of identification and endogenous regressors that characterise some panel data regression methods like the pool mean group (PMG), fixed effect (FE) and random effect (RE), this study employed an instrumental variable (IV) regression based on the dynamic panel data (DPD) method, within the framework of the generalised method of moments (GMMSYS).The results show that aggregate regional integration in five dimensions (composite regional integration index), though has a positive relationship with economic growth, does not exert a significant impact on economic growth of ECOWAS members. Interestingly, trade integration and financial integration, both have a significant positive impact on economic growth of ECOWAS members, meaning that ECOWAS members are better-off with integration in trade and finance. We, therefore, concluded that regional integration of ECOWAS members is more beneficial when more emphasis is placed on trade and financial dimensions. This finding has serious policy implications for regional integration and economic growth of ECOWAS member countries.
Related Project Materials
ASSESSMENT ON THE EFFECT OF EMPLOYER-EMPLOYEE OFFICE RELATIONSHIP ON THE PRODUCTIVITY OF AN ORGANIZATION.
ABSTRACT
This study was carried out to examine the effect of employer-employee office relationship on t...
INFLUENCE OF LEADERSHIP SKILLS ON ORGANIZATIONAL MANAGEMENT
EXCERPT FROM THE STUDY
To what extent do managers recognize this fact that employees are synonymous with Organizations a...
NUTRITIONAL EVALUATION OF CEREAL AND LEGUME-BASED COMPLEMENTARY DIETS USED IN JOS, PLATEAU STATE
ABSTRACT
Three multimix complementary diets were prepared from local foodstuffs i.e. maize (Zea mays), acha grain (Digitaria exilis) rice...
FACTORS INFLUENCING ADOPTION OF AGRONOMIC PRACTICES OF NERICA RICE PRODUCTION IN THREE LOCAL GOVERNMENT AREAS OF KANO STATE, NIGERIA
ABSTRACT
This study was conducted to evaluate the factors influencing the adoption of NERICA rice agronomic practices among farmers in th...
AN INVESTIGATION INTO THE IMPACT OF CORRUPTION ON THE ADMINISTRATION OF LOCAL GOVERNMENT IN NIGERIA
BACKGROUND TO THE STUDY:
The general consensus among economists and policy analysts at the World Bank,...
INDEPENDENT CORRUPT PRACTICES AND OTHER RELATED OFFENCES COMMISSION’S ANTI-CORRUPTION CAMPAIGNS AND GOOD GOVERNANCE DISPOSITIONS AMONG FEMALE CIVIL SERVANTS IN OYO STATE, NIGERIA
ABSTRACT
Corrupt practices among Female Civil Servants (FCS) seem to be increasing despite the establishment of Anti-Corruption and Trans...
A STUDY ON INNOVATIONS IN ONLINE LEARNING PLATFORMS FOR VOCATIONAL TRAINING
ABSTRACT: Innovations in Online Learning Platforms for Vocational Training explores advancements in digital technologies to facilitate effective an...
EMOTIONAL INTELLIGENCE AND JOB SATISFACTION AS PREDICTORS OF ORGANIZATIONAL COMMITMENT AMONG SECONDARY SCHOOL TEACHERS
ABSTRACT
For more than a decade, the concept of emotional intelligence and job satisfaction h...
EXPLORING THE ROLE OF EARLY CHILDHOOD EDUCATION IN DEVELOPING GLOBAL COMPETENCIES
ABSTRACT: Exploring the role of early childhood education in developing gl...
EVALUATION OF ANTITRYPANOSOMAL EFFECT OF STEM-BARK EXTRACTS OF SECURIDACA LONGEPEDUNCULATA (FRES. HOLL) AGAINST TRYPANOSOMA BRUCEI BRUCEI INFECTION IN WISTAR RATS
ABSTRACT
Due to numerous problems associated with current treatment of trypanosomosis, there is increasing need to find effective drug ag...
