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Title: An empirical investigation of measures to enhance intra-Africa trade
Authors: Wang'ombe, Wangari
Keywords: Intra-Africa trade
Economic integrations
Monetary unions
Gravity model
Macro-economic modelling
Issue Date: 2013
Publisher: © Wangari Wang'ombe
Abstract: Trade is largely considered a driving force of economic growth and development of nations. To this end, there is vast and far-reaching research on the subject, especially on matters international. However, research on intra-African trade is lacking in comparison to research on trade amongst the rest of the world, not just developed, but also developing countries alike. That aside there are numerous efforts put in place to enhance and encourage trade within and without the continent. The research presented in this thesis aims to investigate and address three key issues specific to intra-Africa trade. The questions asked are: are the measures currently in place successful in the promotion of intra-Africa trade; is the continent ready for measures about to be implemented and after all that, is trade really the key driving force for economic growth and development within Africa? To answer these questions, the research presented here in this thesis employs the gravity modelling approach, the G-PPP test and develops a macro-economic model which is applied to the Kenyan economy. The results indicate that; yes, trade is significant and important in determining economic growth, and while measures taken thus far such as the creation of Economic Integrations have not been as successful as was envisioned, trade openness continues to be among the most important ways in which trade is encouraged and enhanced, to this end, although the continent is yet to fulfil all the requirements for the formation of a full-blown Economic Union, it is ready for drastic measures such as the formation of a currency union. Literature reveals that this could form the basis of hastening complete integration and harmonization of all systems of the participating economies, thereby benefiting not just trade but also all other sectors of the economies.
Description: A Doctoral Thesis. Submitted in partial fulfilment of the requirements for the award of Doctor of Philosophy of Loughborough University.
URI: https://dspace.lboro.ac.uk/2134/12448
Appears in Collections:PhD Theses (Economics)

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