Economic growth effects of de facto and de jure trade globalization in ECOWAS

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F23%3A43923686" target="_blank" >RIV/62156489:43110/23:43923686 - isvavai.cz</a>

Alternative codes found

RIV/62156489:43310/23:43923686

Result on the web

<a href="https://doi.org/10.7441/joc.2023.02.02" target="_blank" >https://doi.org/10.7441/joc.2023.02.02</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.7441/joc.2023.02.02" target="_blank" >10.7441/joc.2023.02.02</a>

Result language

angličtina

Original language name

Economic growth effects of de facto and de jure trade globalization in ECOWAS

Original language description

This paper examines the dynamics of trade globalization by analysing and comparing the economic growth effect of overall trade globalization with the growth effects of de facto and de jure trade globalization in the economic community of west African states (ECOWAS). Using fixed effects and random effects models, we separate the de facto measure of trade globalization from the de jure measure to prove that de facto trade globalization significantly and positively contributes to economic growth in ECOWAS, whereas de jure trade globalization does not. We also use pooled mean group estimates to prove that the growth effect of de facto trade globalization is significant only in the short run. By implication, relying only on the results of overall trade globalization can be misleading for policymakers, considering that the de facto and de jure measures of trade globalization yield different growth results. The findings of this study can aid policymakers within the region in identifying proper measures and tailoring trade policies to gain reasonable competitive advantage among other economic communities.

Czech name

—

Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

—

OECD FORD branch

50202 - Applied Economics, Econometrics

Project

—

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Journal of Competitiveness

ISSN

1804-171X

e-ISSN

1804-1728

Volume of the periodical

15

Issue of the periodical within the volume

2

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

18

Pages from-to

18-35

UT code for WoS article

001024247200003

EID of the result in the Scopus database

2-s2.0-85164728504