Regional economies seek to promote growth through industrialisation and literature suggests that developing the financial system, integrating the financial system within a sound institutional framework can promote industrial output. This study fills the gap by examining the impact of financial...

A stream of literature has been developed on the measurement of the efficient production of innovation, that is, innovation technical efficiency. However, the efficiency measured is quite fuzzy as no distinction is made between innovation short-run and long-run efficiencies. Also, African...

The study explored the nexus of human capital development, foreign direct investment, and economic growth within the ECOWAS region while controlling carbon emission, urbanization, and renewable energy. To examine the dynamic link between economic growth, human capital, foreign direct investment,...

This paper reviews empirical literature on the effects of non-tariff measures on food and agricultural trade and insights Economic Community of West Africa States could draw to inform trade policy. Literature of NTMs suggest different direction and magnitudes. Yet the prevailing effect and...

We investigate the impact of abnormal credit expansion and contraction on the GDP per capita of ECOWAS countries. We analyse abnormal credit from two dimensions: first, the impact of abnormal credit contraction on GDP per capita, and second, the impact of abnormal credit expansion on GDP per...

In January 2021, the AfCFTA entered its operational phase. This AfCFTA covers the liberalization of trade in services with a Protocol on Trade in Services. In this context, this paper examines the effects of FDI flows and ICT infrastructure on services exports, both globally and by sector in...

The aim of this study is to examine the effect of FDI on employment in ECOWAS sub region between 1990 and 2019. The study utilizes a panel autoregressive dis- tributed lag model to analyze the short run and long run relationship between FDI and employment across ECOWAS sub region. In the short...

This study investigates the implication of the social dimension of inclusive growth on poverty reduction in Economic Community of West African States (ECOWAS) coun- tries. It specifically examines how social indices of inclusive growth comprising of in- come inequality, education, and health...

Since institutional quality can either create or destroy incentives for individuals to engage in trade, it has become a source of worry to policymakers, as it can limit both intra- and extra-regional trade. Based on this, we empirically analyzed the extent to which national institutional quality...

Regional economic integration can be pursued either through an Intergovernmental or supranational approach. The economic Community of West African States (ECOWAS) was established by the founding Treaty of 1975 (the ECOWAS Treaty) to promote economic cooperation within the region.It is against...

Purpose This paper aims to apply the debt sustainability framework using various ratios to review the current state of sovereign debt of Economic Community of West African States (ECOWAS) member countries. Design/methodology/approach Debt sustainability framework using various ratios (which...

Regional integration occupies a prominent place in the economic policies of most sub-Saharan African countries. However, despite different waves of initiatives across the African continent, the majority of African regional schemes have not managed to achieve their ambitious goal of promoting...

This study provides an ex ante short-run impact analysis of tariff liberalisation in the context of the African Continental Free Trade Area (AfCFTA) on the Economic Community of West African States (ECOWAS) customs union regarding tariff revenue and import values. As with other customs union on...

This study examines the information flow between inflation and inflation uncertainty (IU) and intrastate inflationary trend among some ECOWAS member states. IU is measured using GARCH models and stochastic volatility model (SV). Transfer en- tropy was adopted to quantify the extent of...

The paper presents a model of a monetary union designed to illuminate monetary and exchange rate policy in the West African Monetary Union (UMOA). Emphasis is placed on the interaction of the members of UMOA with each other, through the common central bank, and on their interaction with France...

Since the independence of Ghana, she has been at the forefront of the integration of the African continent and for that matter the West African sub-region. Many developing countries are moving towards adapting to international and regional arrangements to enhance their relevance and leverage on...

Could a West African monetary union (either of the non-CFA countries, or all ECOWAS members) be an effective agency of restraint on fiscal policies? We discuss how monetary union could affect fiscal discipline and the arguments for explicit fiscal restraints considered in the European Monetary...

In an environment where the question of women's empowerment is a burning issue and where inequalities against women in education persist even though they are increasingly educated, it made sense to study the effect of educational inequalities between marital partners on women's empowerment....

This study examined organized crime, corruption, and their challenges to the economic growth of the Economic Community of West African States (ECOWAS). Organized crime and corruption can have a grossly negative impact on the economic growth process of every system, but the extent of damage they...

Contemporary security challenges in Africa had encouraged the expansion of the mandates of the Regional Economic Communities (RECs). However, new and emerging security threats appeared not to have been adequately covered by the peace and security architecture of these RECs. In reality, only...

This study examined the tendency of low-income economies in ECOWAS to converge with their high-income neighbors. It extends the frontier of knowledge by ascertaining how quickly financial development (FD) and foreign direct investment (FDI) would stimulate growth, causing low-income ECOWAS...

The African Trade Policy Centre (ATPC) of the United Nations Economic Commission for Africa (ECA) and the African Export Import Bank (Afreximbank) launched a joint one-year pilot project to collect data on informal cross-border trade along the Abidjan– Lagos corridor in the Economic Community...

The article investigated the impact and threshold of government debt on economic growth in 15 SADC as well as 15 ECOWAS countries from 1970 to 2017. The system Generalized Methods of Moments (GMM) panel data model was utilised. The study found that on average, a 1% increase in government debt...

This study investigated the impact of financial sector development on domestic investment in selected Economic Community of West African States (ECOWAS) countries for the years 1985 to 2017. The study employed the Augmented Mean Group procedure which accounts for country specific heterogeneity...

This study investigated the impact of financial sector development on domestic investment in selected Economic Community of West African States (ECOWAS) countries for the years 1985 to 2017. The study employed the Augmented Mean Group procedure which accounts for country specific heterogeneity...