DETERMINANTS OF INTRA–ECOWAS REGIONAL FOOD TRADE: AN AUGMENTED GRAVITY MODEL APPROACH | Journal of..

Using an augmented gravity model approach, the researchers discovered the determinants of intra–ECOWAS regional food exchange. The aim of the study was to define the main determinants of food trade within the ECOWAS trade bloc, with the goal of providing knowledge that could be used to develop policy to promote food trade in the region. Secondary data was used in the analysis, which covered a 49-year period from 1970 to 2018. The study found that the GDPs of trading countries in the region, as well as local food production, are important determinants of food trade.Local food consumption, trade openness, exchange rates, and distance between them are all factors to consider. In order to further encourage food trade within the region, policy reforms in the areas of exchange rate and transportation should be encouraged in all ECOWAS Member States.

Please see the link - https://ikprress.org/index.php/JGEMBR/article/view/6034