The Scope, Structure and Fiscal Policy Implication of West Africa Trade Zone

Past. Dr. Abomaye-Nimenibo; Williams Aminadokiari Samuel; George, Sotonye M. D.

The Scope, Structure and Fiscal Policy Implication of West Africa Trade Zone

Past. Dr. Abomaye-Nimenibo * § Ph.D., M.Sc., B.Sc. Economics, MBA Management and UD, Personnel Management and Industrial Relations, Director of Postgraduate Studies, School of Postgraduate Studies

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Williams Aminadokiari Samuel

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George, Sotonye M. D.

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Obong University

The Scope, Structure and Fiscal Policy Implication of West Africa Trade Zone

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Abstract

Regional economic integration has been an increasing priority among many African nations. Adequate information fosters better trade relations among nations. This paper investigated the scope, structure and fiscal policy implication of West Africa trade zone. Relevant data and information and materials for the study were obtained from Central Bank of Nigeria’s Statistical bulletin, 2018, textbooks and published journal articles. Econometric analysis of Ordinary least square was used in the analysis. The result showed that the absence of formal contact and adequate market information was smooth trade relations amongst the West African countries. It was found that policies on trade partners in West Africa’s Trade Zone have significant effects on the external performance of the Nigerian economy either positively or negatively. It was further revealed that tax a contractionary fiscal instrument can be used to regulate the external sector of the Nigerian economy in West Africa’s Trade Zone.

References

16 Cites in Article

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

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Not applicable for this article.

How to Cite This Article

Past. Abomaye-Nimenibo, Williams Samuel, George, D.. 2020. "The Scope, Structure and Fiscal Policy Implication of West Africa Trade Zone". Global Journal of Management and Business Research, Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 20 (GJMBR Volume 20 Issue B10).

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GJMBR Volume 20 Issue B10

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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Classification

GJMBR-B Classification JEL Code: M20

Submission ReceivedNovember 9, 2020
Peer Review Double Blind
Handling Editor
Accepted December 4, 2020
Published December 15, 2020

Version of record

v1.2

Issue date

October 14, 2020

Language

English

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