Abstract
The objective of this study is to determine the effects of governance and physical infrastructure on regional integration, more specifically trade integration in the CEMAC region. The approach used is based on the gravity model augmented with the Pseudo Maximum Likelihood method of the Fish Law (PPML). This model is estimated on a panel of Economic and Monetary Community of Central Africa (CEMAC) countries and its main partners over the period 2006-2016. The results thus obtained show that governance is a barrier to integration and maritime openness has a positive and significant effect on trade integration. It has resulted in 7.7 times the community’s trade.
Highlights
In recent years, trade concerns in a region have revived the debate on the importance of governance and infrastructure in regional integration (Ramli & Ismael, 2014; Portugal-Perez & Wilson, 2012)
The objective of this study is to determine the effects of governance and physical infrastructure on regional integration, trade integration in the CEMAC region
As part of the major issues on the international economy, this paper aims to analyse the effects of governance and infrastructure on regional integration in the CEMAC
Summary
Trade concerns in a region have revived the debate on the importance of governance and infrastructure in regional integration (Ramli & Ismael, 2014; Portugal-Perez & Wilson, 2012). Governance includes the traditions and institutions through which power is exercised in a country. This includes the process by which governments are selected, controlled and replaced; the ability of government to formulate and effectively implement sound policies; and respect for citizens and the state for the institutions governing economic and social interactions between them (North, 1990). These infrastructures play a dual role in promoting development as a factor of production by reducing costs and increasing the level of infrastructure services offered, as basic services, some of which are considered fundamental rights (Kane, 2011)
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
