The Scope, Structure and Fiscal Policy Implication of West Africa Trade Zone

Past. Dr. Abomaye-Nimenibo; Williams Aminadokiari Samuel; George; Sotonye M. D.

Authors

Past. Dr. Abomaye-Nimenibo
Williams Aminadokiari Samuel
George
Sotonye M. D.

Keywords:

regional economic integration, trade relations, market information, trade partners

Abstract

Regional economic integration has been an increasing priority among many African nations. Adequate information fosters better trade relations among nations. This paper investigated the scope, structure and fiscal policy implication of West Africa trade zone. Relevant data and information and materials for the study were obtained from Central Bank of Nigeria's Statistical bulletin, 2018, textbooks and published journal articles. Econometric analysis of Ordinary least square was used in the analysis. The result showed that the absence of formal contact and adequate market information was smooth trade relations amongst the West African countries. It was found that policies on trade partners in West Africa's Trade Zone have significant effects on the external performance of the Nigerian economy either positively or negatively. It was further revealed that tax a contractionary fiscal instrument can be used to regulate the external sector of the Nigerian economy in West Africa's Trade Zone.

Downloads

How to Cite

The Scope, Structure and Fiscal Policy Implication of West Africa Trade Zone. (2020). Global Journal of Management and Business Research, 20(B10), 1-8. https://journalofbusiness.org/index.php/GJMBR/article/view/3244

Download Citation

References

(2018) Sources des références. 17-18.

W Abomaye-Nimenibo (2017) The Adoption of the Treasury Single Account (Tsa) and Its Effect on Revenue Leakages of Nigerian States.

J Baxa (2010) What the Data Say about the Effects of Fiscal Policy in the Czech Republic?.

(2010) Mathematical Methods in Economics. 24-29.

S Benassi, J Jarreau, C Mitaritonna (2016) Informal trade in Benin, Togo and Nigeria: determinants and impacts on price transmission.

B Byiers, J Vanheukelom, C Kingombe (2015) A five lenses framework for analyzing the political economy in regional integration. 178.

B Byiers, J Vanheukelom (2014) ATWA Phase 1 -Political Economy Considerations.

A Chabossou (3017) Fiscal Policy and Economic Growth in the West African Economic Monetary Union Countries. 5(3), 96-104.

E De Roos, U Oberst, T Dietz (2016) Annotated Bibliography for the Scoping study 'Improving the perspective for regional trade and investment in West-Africa: the key to food security, economic development and stability in the region.

J Engel, M Jouanjean (2013) Barriers to trade in food staples in West Africa: an analytical review.

J Engel, M Jouanjean (2015) Political and Economic Constraints to the ECOWAS Regional Economic Integration Process and Opportunities for Donor Engagement.

(2015) Informal cross-border trade and smuggling in Africa.

R Morrissey, K Lopez, Sharma (2012) Staple Food Market Sheds in West Africa. 12.

P Lange, T Rau, M (2016) Improving the perspective for regional trade and investment in West Africa: the key to food security, economic development and stability in the region.

D Martinez-Lopez (2005) Fiscal Policy and Growth: The case of Spanish Regions. 10(1), 9-24.

P Siyan, F Adebayo (2005) an empirical investigation of stability and Money demand in Nigeria (1970-1999). 4(1), 87-102.