The trade effects of the African Continental Free Trade Area: An empirical analysis

Alemayehu, Getachew; Yimer, Addis

doi:10.1111/twec.13362

Cited by 17 publications

(10 citation statements)

References 18 publications

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“…The "other agreements" variable remains zero for ASEAN countries and during periods when ASEAN lacks free trade agreements (FTAs) with expanded countries, switching to one when such agreements are active. This finding is consistent with recent studies by (Duong et al, 2021Ennadifi et al, 2023Geda & Yimer, 2023Jagdambe & Kannan, 2020. These studies offer valuable insights into the impacts of Free Trade Agreements (FTAs) on Vietnam's trade dynamics, providing a framework for comparison with the present study's methodology.…”

Section: Resultssupporting

confidence: 91%

An examining factors influencing internasional export and import relationships in context of Vietnam’s free trade agreements

Ha,

Wong,

Hariyadi

2024

JESP

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Vietnam's trade balance was positive with the United States, the Netherlands, Hong Kong, the United Kingdom, the United Arab Emirates, and Austria. However, it was negative in several countries, including South Korea, China, Taiwan, Thailand, Singapore, and Argentina. This paper aims to investigate the asymmetric effects of several macroeconomic factors on Vietnam's trade balance in the post-global financial crisis era. This paper aims to capture better the nuanced effects of free trade agreements on Vietnam's trade balance. Using regression methods like Pooled OLS, Random Effect Model, Fixed Effect Model, and Hausman Taylor, it analyzes factors affecting bilateral trade with Comprehensive Economic Partnership for East Asia nations. These factors include gross domestic product (GDP), population, distance, exchange rates, national borders, and Free Trade Agreements. Findings suggest that GDP, population, and exchange rates significantly influence Vietnam's trade relationships, but free trade agreements have not yielded the expected results. This study's novelty lies in its exploration of comprehensive regression analysis, offering valuable insights into Vietnam's trade dynamics.

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Section: Resultssupporting

confidence: 91%

An examining factors influencing internasional export and import relationships in context of Vietnam’s free trade agreements

Ha,

Wong,

Hariyadi

2024

JESP

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“…These benefits include increased foreign trade, household consumption and production in most sectors. Overall, these results corroborate those found by Geda and Yimer (2022); Nechifor et al (2021) and Shinyekwa et al (2020). These results reaffirm the role of economic and regional integration as an important driver of development.…”

Section: Discussionsupporting

confidence: 91%

“…For the specific case of the AfCFTA, there is empirical evidence that the agreement positively affects trade flows (Abrego et al, 2019; Bakouan et al, 2022; Ejones et al, 2021; Geda & Yimer, 2022; Gondwe, 2021; Oyelami, 2021; Riedel & Slany, 2019; Wonyra & Bayale, 2022) investment (Abrego et al, 2020; Mold & Mukwaya, 2016) consumer welfare (Fofack et al, 2021; Fouda Ekobena et al, 2021; Fusacchia et al, 2022). However, the literature on the COMESA free trade agreement, however, points to a welfare loss for Ethiopia as a result of the agreement (Amogne & Hagiwara, 2021).…”

Section: Literature Review: Free Trade and Economic Integrationmentioning

confidence: 99%

How Can Tariff Elimination and Trade Facilitation Affect East African Economies?

Bakouan¹,

Diarra

Ouédraogo

2023

Foreign Trade Review

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The article assesses the potential economic implications of tariff elimination and trade facilitation (TF) in the context of the African Continental Free Trade Area (AfCFTA) agreement for East Africa. Using the most recent GTAP database and computable general equilibrium model, the article provides additional evidence on the socio-economic benefits of the ongoing trade integration process. The results show that the elimination of tariffs would improve economic dynamism in most sectors of activity and household consumption. However, the elimination of tariffs alone would not be sufficient to achieve a significant level of trade integration. From a policy perspective, although a gradual implementation of tariff elimination is more beneficial for the zone, the results highlight the relevance of combining tariff elimination with complementary TF reforms. These reforms amplify the socio-economic gain from the AfCFTA. JEL Codes: F13, F14, F15, E23, C68

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“…Although the aggregate COVID-19 cases in Africa are incomparable to that of Europe and other parts of the world, the economic and health ramifications cannot be overstated. About 85% of Africa’s trade is with the rest of the world and therefore lockdowns in China, Europe and the United States resulted in a decline in the demand for African exports, imports of capital and consumer goods, tourism, and foreign direct investment (FDI) inflows [ 3 , 4 ]. The consequences on Africa’s economies were more pronounced at the onset of the pandemic given the extent of the decline in global demand and financial inflow [ 5 ].…”

Section: Introductionmentioning

confidence: 99%

Health and economic implications of the ongoing coronavirus disease (COVID-19) pandemic on women and children in Africa

Yeboah

Yaya

2023

Reprod Health

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The coronavirus disease (COVID-19) pandemic continues to pose major health and economic challenges for many countries worldwide. Particularly for countries in the African region, the existing precarious health status resulting from weak health systems have made the impact of the pandemic direr. Although the number of the COVID-19 infections in Africa cannot be compared to that of Europe and other parts of the world, the economic and health ramifications cannot be overstated. Significant impacts of the lockdowns during the onset of the pandemic caused disruptions in the food supply chain, and significant declines in income which decreased the affordability and consumption of healthy diets among the poor and most vulnerable. Access and utilization of essential healthcare services by women and children were also limited because of diversion of resources at the onset of the pandemic, limited healthcare capacity, fear of infection and financial constraint. The rate of domestic violence against children and women also increased, which further deepened the inequalities among these groups. While all African countries are out of lockdown, the pandemic and its consequent impacts on the health and socio-economic well-being of women and children persist. This commentary discusses the health and economic impact of the ongoing pandemic on women and children in Africa, to understand the intersectional gendered implications within socio-economic and health systems and to highlight the need for a more gender-based approach in response to the consequences of the pandemic in the Africa region.

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The trade effects of the African Continental Free Trade Area: An empirical analysis

Cited by 17 publications

References 18 publications

An examining factors influencing internasional export and import relationships in context of Vietnam’s free trade agreements

An examining factors influencing internasional export and import relationships in context of Vietnam’s free trade agreements

How Can Tariff Elimination and Trade Facilitation Affect East African Economies?

Health and economic implications of the ongoing coronavirus disease (COVID-19) pandemic on women and children in Africa

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