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01989cas a2200229 a 4500 |
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AALejournalIMF021480 |
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230101c9999 xx r poo 0 0eng d |
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|c 5.00 USD
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|z 9781513567716
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Is Regional Trade Integration a Growth and Convergence Engine in Africa?.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2021.
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| 300 |
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|a 1 online resource (39 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a The main objective of Regional Trade Agreements (RTAs) is to stimulate economic growth in participating countries through increased trade, economies of scale, knowledge and technology transfer. Using a panel data over the period 1979 to 2018, this paper examines the contribution of regional trade integration (RTI) to economic growth and income convergence in Africa and its major Regional Economic Communities (RECs). The results of the instrumental variable and panel fixed-effects estimation show that RTI promotes economic growth in Africa. However, it fosters income divergence, reflecting the distribution of the gains from regional integration in favor of the more developed economies of the continent. The results of this study show the importance to support the African Continental Free Trade Area (AfCFTA) project with policies aimed at reducing non-tariff barriers to trade and improving infrastructure in order to maximize the effects on growth in all participating countries.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2021/019
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2021/019/001.2021.issue-019-en.xml
|z IMF e-Library
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