TITLE:
Governance, Infrastructure and Regional Integration: The Case of CEMAC
AUTHORS:
Djam’Angai Ludé, Elomo Zogo Thérèse
KEYWORDS:
Governance, Infrastructure, Regional Integration and CEMAC
JOURNAL NAME:
Modern Economy,
Vol.11 No.11,
November
27,
2020
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.