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.
The purpose of this paper is to examine the combined effect of political and economic institutions on the economic performance of the countries of Central Africa. To do this, we use dynamic panel data over the period 1996-2013. Using Principal Component Analysis (PCA) to understand the multidimensionality of institutions through a composite indicator, and applying the estimation technique based on the Generalized Moment Method (GAM) to capture the impact of institutions on economic performance, we arrive at the following result: analyzed individually or in combination, institutions constitute a real obstacle to economic performance in Central Africa.
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