Intégration Par Le Marché : Le Cas De L'Uemoa
This paper uses the gravity model to assess the determinants of intra- UEMOA trade flows and focuses on the impact of the wave of economic reforms of the 1980s and 1990s on internal trade. Furthermore, it computes trade potentials among UEMOA member nations. The model is tested for 1990-1994 and for 1996-2000 using a sample of 25 reporting and 31 partner countries. The results indicate that the traditional variables of the gravity model (GDP, distance and GDP per capita) are significant and display the expected signs. They are therefore the main determinants of intra-UEMOA trade flows. Specifically, membership in UEMOA significantly increased trade creation among member countries after the economic reforms. Our findings also suggest that there is an important trade potential among the economies of the subregion.
Volume (Year): 22 (2005)
Issue (Month): ()
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