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Title
Multilateral trade agreements in Africa: exploring the role of rent-seeking behavior |
Full text
https://biblio.ugent.be/publication/5976597; http://hdl.handle.net/1854/LU-5976597; http://dx.doi.org/10.1007/s10101-015-0167-8; https://biblio.ugent.be/publication/5976597/file/7103641 |
Date
2016 |
Author(s)
Standaert, Samuel; Rayp, Glenn |
Abstract
This paper explores the motives behind the formation of intra-African regional integration agreements (RIAs). We focus specifically on rents because they can explain the drive for integration even in the absence of a positive effect on welfare. Whether they are meant to foster rent-seeking or to suppress it, the level of corruption is posited to have a positive effect on the willingness to enter into RIAs. However, empirical studies into this effect have come to contradictory conclusions. We find that corruption has a positive effect on the willingness of African countries to join trade agreements. This result remains significant when controlling for endogeneity and heteroskedasticity, as well as the indicator of corruption used. While small, the effect of corruption outperforms most economic variables. Nevertheless, distance and other geographical factors remain the strongest explanatory forces of African integration. |
Subject(s)
Social Sciences; African regional integration; Rent-seeking; Corruption; Multilateral trade agreements; CORRUPTION |
Language
eng |
Publisher
Springer-Verlag |
Type of publication
journalArticle; info:eu-repo/semantics/article; info:eu-repo/semantics/publishedVersion |
Format
application/pdf |
Source
ECONOMICS OF GOVERNANCE; ISSN: 1435-6104 |
Rights
I have transferred the copyright for this publication to the publisher; info:eu-repo/semantics/restrictedAccess |
Repository
Gent - University of Gent
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Added to C-A: 2019-01-23;12:57:54 |
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