Publications
July 26, 2016
Extra-ECOWAS Trade And Investment Flows: Any Evidence Of Business Cycles Transmission
This
study investigates the effects of merchandise trade and investment flows on the
transmission of business cycles between members of ECOWAS and the major trading
partnersbetween 1985 and 2014. Total trade and FDI significantly influence the
transmission of business cycles with elasticities of 1.1% and 0.7%,
respectively in the long run. There are little variations across the major
trading partners and other measures of trade flows. Intra-industry trade flows
with all partners, EU and USA influences the cross-country business cycles with
elasticities of 1.0%, 0.5% and 1.8%, respectively.
Related
Issues In Fiscal Policy Management Under The Economic Reforms
This paper was produced as part of a larger project which was jointly financed by the UKDepartment for International Development in Nigeria (through its Policy and Knowledge facility)and the Research Committee of the World Bank.