Intra-Regional Agricultural Exports in the East African Community
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Date
2017
Authors
Ouma, Duncan O.
Journal Title
Journal ISSN
Volume Title
Publisher
African Journals Online
Abstract
This study investigated the causes of intra-EAC agricultural exports. Five Augmented gravity models were estimated using the Pseudo Poisson Maximum Likelihood (PPML) Approach. The study used panel data from UNCOMTRADE, International Financial Statistics and World Development Indicators for the period 2000 – 2012 on the five EAC members. The intra-EAC agricultural exports depended on various factors, including GDP of exporter, GDP of the importer, Exchange rate, distance between the economic centers, language similarities, adjacency and population of the exporter. EAC secretariat and respective governments in EAC should also reduce currency value disparities among the member states as a means of promoting intra-regional agricultural trade. The proposed monetary union and harmonization of currencies would significantly promote agricultural trade within the region. The EAC member states should also enhance border liberalization, as this will also promote intra-regional agricultural trade, among other measures.
Description
Research Article
Keywords
Intra-regional trade, Agricultural exports, East African Community, Regional Integration
Citation
African Journal of Economic Review, Volume V, Issue I, January 2017