Feeling the Elephant’s Weight [electronic resource] : The Impact of Côte d’Ivoire’s Crisison WAEMU Trade, 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.
Country and Industry Studies of Trade.
Free trade agreement.
Free trade zone.
Free trade zones.
Terms of trade.
Trade Forecasting and Simulation.
Value of trade.
West African Economic and Monetary Union.
World trade organization.
- 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.
- Description based on print version record.
- Egoumé-Bossogo, Philippe.
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- Print Version:
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- Restricted for use by site license.
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