Garuda - Garba Rujukan Digital

Export Diversification and Economic Growth of ECOWAS Member States Olure-Bank, Adeyinka Michael; Mustapha, Muktar; Zakaree, Saheed; Abraham, Alexander; Yakubu, Alfa
Signifikan: Jurnal Ilmu Ekonomi Vol 13, No 1 (2024)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v13i1.37999

Research Originality: Using the data of export diversification index which is excluded in previous studies and most the pervious only look at the relationship between ED and GDP, excluding per capita income as basics for development. Again, previous studies results are contradictory on impact of export diversification performance. Additionally, this paper provides robust empirical evidence of a positive effect of export diversification on per capita income growth.Research Objectives: This paper has the objective to examines how export diversification (ED) increase economic growth and per capita income.Research Methods: The paper achieve its objectives using, panel least technique and co-integration test are used on time series data of 1984-2022 for ECOWAS states.Empirical Results: The paper shows that the export diversification index has a significant influence on GDP growth but inverse, however, manufacturing value-added shows weak but a positive influence on the growth per capita income. Again, the paper reveals that high skewness of ECOWAS region to primary products export which could be responsible for the low growth per capita income. The finding of this is not the volume of exported products that matters, but how dynamic is exported products.Implications: The paper therefore recommends ECOWAS countries need to develop processing capability for export that comes from endogenous sufficiency.JEL Classification: C23, F10, O47, O55

Export Diversification and Economic Growth of ECOWAS Member States Olure-Bank, Adeyinka Michael; Mustapha, Muktar; Zakaree, Saheed; Abraham, Alexander; Yakubu, Alfa
Signifikan: Jurnal Ilmu Ekonomi Vol. 13 No. 1 (2024)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v13i1.37999

Research Originality: Using the data of export diversification index which is excluded in previous studies and most the pervious only look at the relationship between ED and GDP, excluding per capita income as basics for development. Again, previous studies results are contradictory on impact of export diversification performance. Additionally, this paper provides robust empirical evidence of a positive effect of export diversification on per capita income growth.Research Objectives: This paper has the objective to examines how export diversification (ED) increase economic growth and per capita income.Research Methods: The paper achieve its objectives using, panel least technique and co-integration test are used on time series data of 1984-2022 for ECOWAS states.Empirical Results: The paper shows that the export diversification index has a significant influence on GDP growth but inverse, however, manufacturing value-added shows weak but a positive influence on the growth per capita income. Again, the paper reveals that high skewness of ECOWAS region to primary products export which could be responsible for the low growth per capita income. The finding of this is not the volume of exported products that matters, but how dynamic is exported products.Implications: The paper therefore recommends ECOWAS countries need to develop processing capability for export that comes from endogenous sufficiency.JEL Classification: C23, F10, O47, O55

Infrastructure and economic growth in ECOWAS member states: The Westerlund co-integration approach Kabir Usman, Fadila; Zakaree, Saheed; Muktar, Mustapha; Yakubu, Alfa; Olure-Bank, Adeyinka
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 12 No. 1 (2024): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22437/ppd.v12i1.28460

This research explores the impact of infrastructure on member states' economic growth in the Economic Community of West African States (ECOWAS). Utilizing panel secondary data sourced from the World Bank Development Indicators (WDI) and the African Infrastructure Development Index (AIDI) across all fifteen ECOWAS Member States over eighteen years, the study employs the panel Non-linear Autoregressive Distributed Lag (NARDL) model and the Westerlund co-integration test for analysis. The findings reveal that investments in infrastructure, improvements in the African Development Index, and enhancements in the Electricity Composite Index significantly contribute to the economic growth of ECOWAS countries. Specifically, infrastructure investment is associated with a 0.01 per cent increase in the Gross Domestic Product (GDP) of the ECOWAS countries studied. In comparison, the African Development Index and the Electricity Composite Index are linked to increases in GDP by 0.292 per cent and 0.987 per cent, respectively, in the long term. Based on these outcomes, the study recommends that ECOWAS country authorities enhance policies to optimize government spending on infrastructure quality. Furthermore, adopting quality-enhancing and efficiency-driven financing policies in infrastructure is advocated to complement ECOWAS's ongoing infrastructural development efforts. The realization of these recommendations hinges on the availability of accurate data for informing decisions and guiding policymakers. Hence, the study underscores the need for the ECOWAS Commission to bolster its capacity for collecting reliable data on infrastructure variables and other indicators. It also proposes that future research should focus on promoting sub-regional peer-review mechanisms for infrastructure indicators among member states and establishing structures to fortify infrastructure in West Africa.

Impact of trade facilitation on intra-manufacturing export among ECOWAS member states Adeyinka, Olure-Bank; Muktar, Mustapha; Zakaree , Saheed; Abraham, Alexander; Yakubu, Alfa
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 11 No. 6 (2024): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22437/ppd.v11i6.28466

This study investigates the effects of trade facilitation policies on intra-manufacturing exports among ECOWAS member states. Utilizing the Generalized Method of Moments (GMM) linear model, this research analyzes data from 2015–2020 for the ECOWAS member states. The findings reveal that trade facilitation policies in the ECOWAS region fall below the global average. This discrepancy is primarily due to the extensive bureaucratic processes in the region, leading to increased costs for exporting and importing goods. Consequently, there is a significant need for trade facilitation to enhance intra-manufacturing exports within ECOWAS. Based on these insights, the study recommends several policy interventions to improve trade flow and bolster intra-manufacturing exports in the ECOWAS region. These include a stronger commitment to trade agreements among ECOWAS member states, the adoption of information and communication technology (ICT) to streamline trade processes and reduce bureaucratic delays associated with document processing for exports and imports, the strengthening of institutional frameworks within the member states, and the formulation of policies aimed at increasing industrialization levels to enhance manufacturing exports throughout the ECOWAS region.

Title

Found 4 Documents
Search

Abstract

Abstract

Abstract

Abstract

Title Search

Found 4 Documents Search

Abstract

Abstract

Abstract

Abstract

Title

Found 4 Documents
Search