MWF Society
Filter by

Impact of Economic Diplomacy in Africa: The impact of Regional Integration versus Bilateral Diplomacy on Bilateral Trade,

Kwaku S. Afesorgbor

Abstract

The paper examines the impact of two main instruments of economic diplomacy - regional integration and bilateral diplomacy on exports among African states. We test whether there is evidence of a trade-off or complementary interaction between regional integration and commercial diplomacy in trade facilitation. We compare the effects of these two instruments of economic diplomacy on bilateral trade by employing a gravity model for 45 African states over the period 1980-2005. The results show that bilateral diplomatic exchange is a relatively more significant determinant of bilateral exports among African states compared to regional integration. We also find a nuanced interaction between these two instruments of economic diplomacy: the trade–stimulating effect of diplomatic exchange is less pronounced among African countries that shared membership of the same regional bloc. Generally, this could mean that there exists a trade-off between regional integration and commercial diplomacy in facilitating exports or a lack of complementarity between these two instruments of economic diplomacy.

Bibliographical information

Handbook of Economic Diplomacy Research, Edward Elgar Publishing, UK, Forthcoming

The Author

Kwaku S. Afesorgbor Kwaku S. Afesorgbor
More information about the author
All publications of this author





Sort by
© 2017 MWF Society | European University Institute · Villa Paola · EUI Campus · Via dei Roccettini, 9 · 50014 San Domenico di Fiesole (FI) - Italy