Integrating Africa: Some Trade Policy Research Priorities and Challenges†
Year: 2017
Type: article
Abstract: This paper discusses opportunities for trade policy research to contribute more to efforts to integrate African markets, a stated policy priority for African leaders. Much of the economic research in this area has sought to quantify aggregate trade costs and the potential welfare impacts of reducing such costs, including through regional integration. This is important, but we argue that more focus is needed on the ‘micro’ dimensions of regional integration. These centre on the trade-restricting effects of nontariff measures and regulatory policies and their political economy underpinnings. Of particular importance is research on mechanisms to support market integration initiatives that recognise the multidimensional nature of the sources of trade costs in Africa, and the associated political economy forces within and between countries and regional economic communities.
Source: Journal of African Economies
DOI: 10.1093/jae/ejx031
Authors: Bernard Hoekman, Dominique Njinkeu
Institution: European University Institute
Language: English
Topic: Global trade and economics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2756202192