GTAP Resources: Resource Display
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"Manufacturing Export, ICT Infrastructure and Institutions in ECOWAS Countries" by Osabuohien, Evans and Uchenna Efobi Abstract Abstract This study empirically examined the relationship between manufacturing export and ICT infrastructural provision, and underscored how institutional quality can influence such relationship using 15 ECOWAS countries (2000-2012). This stemmed from the fact that infrastructural provision in ECOWAS sub-region is low and there is a drive by the regional community to improve infrastructure for enhanced trade outcomes, using SGMM. Our result reveals that the current level of infrastructural provision in ECOWAS countries cannot translate into improved trade benefit. However, institutional development in this region can circumvent this shortcoming. The results are robust with the inclusion of some alternative estimates. Methodology The baseline model is depicted in a functional form in equation (1) as: Mafex = f (Magr, Exch, Invest,Infra, Institutionk U) (1) Equation (1) is restated in an explicit form as thus: Mafexit = β0 + Β1Magrit + β2Exchit + β3Infrait+β4Institutionkit+εit (2) To test the relevance of institutions in the infrastructure-export nexus, an interactive variable was introduced in the model. In this wise, equation (2) is restated to include the interactive variable as: Mafexit = β0 + Β1Magrit + β2Exchit + β3Infrait+ β4Institutionit+ β5Institutionk×Infrait + εit (3) Mafex: manufacturing export, measured as percentage of merchandise export. Magr: annual growth rate of the manufacturing value added. Exch: real exchange rate. Infra: indicator of ICT infrastructural provision. Institution: institutional quality measures provided by Kaufmann et al. (2010). The System Generalised Method of Moments (SGMM) was used for the estimation of the model. The SGMM equation can be written thus: Mafexit = Φ1 + νMafexit-1 + β1Magrit + β2Exchit + β3Infrait+ Β4Institutionkit+ β5Institution×Infrakit + εit (4) The data used were sourced from WDI. |
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- Economic development - Economic growth - Domestic policy analysis - Trade in services - Africa (West) |
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Public Access  GTAP2014_Osabuohien_Efobi_ManufacturingExportinECOWAS (414.7 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions This part of UNECA panel session |
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Last Modified: 9/15/2023 2:05:45 PM
