0704-883-0675     |      dataprojectng@gmail.com

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 5000

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

Digital Media and Its Influence on Public Policy Awareness in Lapai Local Government Area, Niger State

Chapter One: Introduction

1.1 Background of the Study

The Financial Implications of Subsidy Removal on Energy Companies: A Case Study of Ikeja Electric

Background of the Study

Subsidy removal is a major policy decision that can have far-reaching implications for both consumers and busines...

Read more
IMPACT OF MODERN OFFICE EQUIPMENTS ON THE SUCCESS OF AN ORGANIZATION

ABSTRACT

This study focused on “modern office equipments and its impact on the success of an organization (a...

Read more
EVALUATING THE EFFECTIVENESS OF WORK-INTEGRATED LEARNING IN VOCATIONAL PROGRAMS

ABSTRACT: Evaluating the Effectiveness of Work-Integrated Learning in Vocational Programs is crucial for ensuring students gain practical expe...

Read more
A STATISTICAL ANALYSIS OF ROAD ACCIDENTS IN NIGERIA (FEDERAL ROAD SAFETY CORPS ONITSHA, ANAMBRA STATE 2002-2015)

ABSTRACT

The research work is undertaken on statistical Analysis of Accident in Nigeria having realized the alarming rat...

Read more
THE INFLUENCE OF BEAUTY MAGAZINE CONSUMPTION ON THE BEAUTY CHOICE AMONG UNIVERSITY STUDENTS

ABSTRACT

This study investigates the relationship that exists between Beauty Magazine Consumption and beauty choice of consumers. Specifi...

Read more
THE COMMUNITY PARTICIPATION IN FINANCING PRIMARY EDUCATION

 ABSTRACT

The success of my educational system is a collective responsibility of every component o...

Read more
THE PARENTAL STATUS AND ACADEMIC PERFORMANCE IN SECONDARY SCHOOL

ABSTRACT

This project work was undertaken to survey the influence of socio-economic background in the a...

Read more
An Investigation into the Role of Private Beach Resorts in Boosting Luxury Tourism in Kebbi State

Kebbi State, located in the northwestern region of Nigeria, is not traditionally known as a major tourist destination. However, the potential for b...

Read more
An investigation of how demographic factors influence consumer shopping habits in Nigeria: A study of supermarkets in Bauchi State

Background of the Study

Demographic factors such as age, gender, income level, educati...

Read more
Share this page with your friends




whatsapp