Feeling the Elephant’s Weight [electronic resource] : The Impact of Côte d’Ivoire’s Crisison WAEMU Trade, Egoumé-Bossogo, Philippe.

Egoumé-Bossogo, Philippe.
Washington, D.C. : International Monetary Fund, 2011.
IMF eLibrary
IMF Working Papers; Working Paper No. 11/80.
IMF Working Papers; Working Paper No. 11/80
Government document
1 online resource (32 p.)
Local subjects:
Bilateral trade.
Bilateral trade data.
Bilateral trade flows.
Border infrastructure.
Commodity composition.
Common market.
Country and Industry Studies of Trade.
Diverted trade.
Economic Integration.
Export share.
Export trade.
Factor analysis.
Free trade.
Free trade agreement.
Free trade zone.
Free trade zones.
Import demand.
Increasing trade.
International trade.
Monetary union.
Partner countries.
Political economy.
Regional trade.
Terms of trade.
Trade agreement.
Trade agreements.
Trade data.
Trade diversion.
Trade expansion.
Trade flow.
Trade flows.
Trade Forecasting and Simulation.
Trade gains.
Trade integration.
Trade levels.
Trade liberalization.
Trade losses.
Trade model.
Trade models.
Trade partner.
Trade partners.
Trade routes.
Trade volume.
Trading partner.
Trading partners.
Value of trade.
West African Economic and Monetary Union.
World trade.
World trade organization.
Burkina Faso.
Côte d'Ivoire.
West Africa.
This paper analyzes the impact of political instability in Côte d’Ivoire on WAEMU trade over 1990-2007, applying panel econometric techniques to a gravity model of trade within WAEMU and between WAEMU and the rest of the world. The paper finds that intra-regional trade represents a small share of total WAEMU trade and that Côte d’Ivoire accounts for around half of that total, highlighting the importance of this country for the region. The political instability in Côte d’Ivoire has led to an increase in transaction costs, making it relatively more costly for member countries to trade with each other than with the rest of world. Instability has also resulted in a diversion of trade away from Côte d’Ivoire in favor of other countries equipped with ports and in a reduction of WAEMU overall potential trade. For Côte d’Ivoire alone, lost trade is estimated at around 40 percent of its potential trade with the WAEMU in the absence of instability. With a normalization in Côte d’Ivoire, enhanced security and further integration would be essential to achieve higher levels of trade and growth in the WAEMU region.
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Egoumé-Bossogo, Philippe.
Nayo, Ankouvi.
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