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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Regional economic integration and economic growth in the COMESA region, 1980-2010
Authors:Tumwebaze, Henry Karamuriro
Ijjo, Alex Thomas
Year:2015
Periodical:African Development Review (ISSN 1467-8268)
Volume:27
Issue:1
Pages:67-77
Language:English
Geographic term:Africa
Subjects:COMESA
economic development
economic models
External link:https://doi.org/10.1111/1467-8268.12123
Abstract:A key goal of the COMESA Treaty (1993) was to stimulate sustainable economic growth in the region through increased trade between member states. On the basis of a 1980-2010 annual panel dataset, the authors examine the contribution of COMESA integration to economic growth in the region using instrumental variables GMM regression in the framework of a cross-country growth model. Contrary to a priori expectation, the authors find no significant empirical support for a positive growth impact, as yet, on the region from the integration. Growth in capital stock, population, world GDP and the level of openness to international trade turned out to be the most robust drivers of growth in the COMESA region over the period examined. Bibliogr., notes, sum. [Journal abstract]
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