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Economic Integration Agreements and Export Survival in Ghana

Author

Listed:
  • Kwabena Nkansah

    (Kwame Nkrumah University of Science and Technology)

  • Paul Owusu Takyi

    (Kwame Nkrumah University of Science and Technology)

  • Daniel Sakyi

    (Kwame Nkrumah University of Science and Technology)

  • Frank Adusah-Poku

    (Kwame Nkrumah University of Science and Technology
    Environment and Natural Resource Research Initiative (ENRRI-EfD))

Abstract

This study examines the effect of regional integration—specifically, that of the Economic Community of West African States (ECOWAS) as an economic integration agreement—on the survival rate of Ghana’s exports. It employs a discrete-time complementary log–log hazard model with a random effects estimation technique and Kaplan–Meier estimates of the survival function, using data spanning from 1996–2018. The findings from the study indicate that ECOWAS has a significantly negative impact on the hazard rate of Ghana’s exports, implying that ECOWAS as an economic integration agreement increases the survival rate of Ghana’s exports for both aggregate exports and commodity-specific ones. Additionally, the heterogeneity effect of other economic integration agreements on Ghana’s export survival was found to increase the survival rate of exports. From a policy perspective, efforts to ensure the smooth operation of trade agreement contracts among member countries within the ECOWAS sub-region are necessary for the long-lasting export survival of Ghana’s exports.

Suggested Citation

  • Kwabena Nkansah & Paul Owusu Takyi & Daniel Sakyi & Frank Adusah-Poku, 2022. "Economic Integration Agreements and Export Survival in Ghana," Journal of African Trade, Springer, vol. 9(1), pages 1-22, December.
    • Handle: RePEc:spr:jouafr:v:9:y:2022:i:1:d:10.1007_s44232-022-00001-z
    DOI: 10.1007/s44232-022-00001-z
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    References listed on IDEAS

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    Cited by:

    1. Helena Afonso & Sebastian Vergara, 2022. "Exporters in Africa: What Role for Trade Costs?," Journal of African Trade, Springer, vol. 9(1), pages 144-158, December.

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    More about this item

    Keywords

    Export survival; Economic integration agreement; Survival analysis; Ghana;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration

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