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

Kód výsledku v 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>

Nalezeny alternativní kódy

RIV/62156489:43310/23:43923686

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2023

Kód důvěrnosti údajů

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

Název periodika

Journal of Competitiveness

ISSN

1804-171X

e-ISSN

1804-1728

Svazek periodika

15

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

18

Strana od-do

18-35

Kód UT WoS článku

001024247200003

EID výsledku v databázi Scopus

2-s2.0-85164728504