The determinants of participation in global value chains: The case of ECOWAS

Regional integration is the strategy adopted at the continental level to strengthen Africa's development. However, the different regional blocs already established on the continent face many challenges. Based on the economic integration of the ECOWAS (Economic Community of West African States)...

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Bibliographic Details
Published in:Cogent economics & finance 2017-01, Vol.5 (1), p.1-14
Main Author: Tinta, Abdoulganiour Almame
Format: Article
Language:English
Subjects:
Competitiveness
Economic integration
Economic models
Globalization
Gravity
International trade
Openness
regional integration
Regional variations
trade openness
Value chain
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Summary:Regional integration is the strategy adopted at the continental level to strengthen Africa's development. However, the different regional blocs already established on the continent face many challenges. Based on the economic integration of the ECOWAS (Economic Community of West African States) region, this research analyzes the role of participation to Global Value Chain (GVC) in international trade as a crucial factor. Using a gravity model with Panel using fixed effects, the findings show that intra-regional trade is not significant in the explanation of the trade openness degree of countries but an increase in backward integration to GVC raises trade openness. The results also indicate how the competitiveness of trade structure and the structural factors related to countries affect the performance of GVCs. Intra-regional trade must further be inserted in the production of final goods which involves the maximum number of countries for the intermediate steps.
ISSN:2332-2039
2332-2039
DOI:10.1080/23322039.2017.1389252