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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:South-South Trade: Geography Matters
Authors:Coulibaly, SouleymaneISNI
Fontagné, LionelISNI
Periodical:Journal of African Economies
Geographic term:West Africa
Subjects:Union Economique et Monétaire Ouest-Africaine
international trade
road transport
landlocked countries
international relations
Economics and Trade
External link:http://jae.oxfordjournals.org/content/15/2/313.full.pdf
Abstract:Intra-subsaharan African trade appears to be very limited, an outcome that is often justified on the grounds of the size of the exporting and the importing economies. If that were the explanation, there would be no untapped trade potential. The authors argue instead that the main determinant of this 'missing trade' is geography. Being landlocked (and poor) translates into very high trade costs. In this paper, they measure the impact of geographical impediments on South-South trade. They focus on the intra and extra regional trade of the countries belonging to the West African Economic and Monetary Union (WAEMU, which have been involved in an integration process since the early days of their independence. They derive and estimate an Armington-based model highlighting the impact of geography and infrastructures on bilateral trade flows within this region. App., bibliogr., notes, ref., sum. [Journal abstract]