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Regional Integration and Economic Growth: New Empirical Evidence from the East African Community

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  • Francis Ejones
  • Frank W. Agbola
  • Amir Mahmood

Abstract

This article empirically investigates the impact of the East African Community (EAC) on economic growth. We utilized a comprehensive panel data spanning from 1988 to 2017. We estimated an endogenous growth model using feasible generalized least squares (FGLS) and panel corrected standard error (PCSE) estimators. Regional trade agreements (RTAs) and trade openness enhance economic growth. RTAs in the same region have a more significant impact on economic growth than plurilateral and multilateral RTAs. Regionalism in the EAC has heterogeneous country effects on economic growth. Our results are robust to alternative model specifications, highlighting the importance of RTAs in enhancing economic growth.

Suggested Citation

  • Francis Ejones & Frank W. Agbola & Amir Mahmood, 2021. "Regional Integration and Economic Growth: New Empirical Evidence from the East African Community," The International Trade Journal, Taylor & Francis Journals, vol. 35(4), pages 311-335, July.
    • Handle: RePEc:taf:uitjxx:v:35:y:2021:i:4:p:311-335
    DOI: 10.1080/08853908.2021.1880990
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    Cited by:

    1. Xinhai Lu & Mingxu Bai & Bing Kuang & Danling Chen, 2021. "Unlocking the Relationship between Land Finance and Regional Integration," Land, MDPI, vol. 10(9), pages 1-17, August.
    2. Liang Wang & Fangfang Zhang & Yuzhu Zang & Jian Duan, 2022. "Understanding the Regional Integration Process from the Perspective of Agglomeration and Urban Networks: Case Study in Central China," IJERPH, MDPI, vol. 19(19), pages 1-15, October.
    3. Dr. Caroline Ntara, 2022. "What Does Africa Stand to Gain from the African Continental Free Trade Area?," International Journal of Science and Business, IJSAB International, vol. 16(1), pages 69-90.

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