J. Yaqub, Stanley Emife Nwani, Adanma Gladys Tashie
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Implications of macroeconomic stability for Africa’s free trade agreements in the ECOWAS region: A monetary perspective
Abstract Macroeconomic stabilization frameworks have implications for free trade agreements. Earlier studies on free trade agreement in Africa ignored the ECOWAS sub-region. This study analyzed the effects of macroeconomic variables on free trade agreements in five topmost ECOWAS trading economies. The result revealed that the ECOWAS region does not require a single currency to optimize the benefits from free trade agreements. Besides, the trade creation effect exists through the impact of unemployment on free trade agreements. In conclusion, inflation targeting policy would accentuate the gains from free trade agreement while the single currency is not required for free trade to flourish.
期刊介绍：
As the economic marketplace expands across continents and cultures, it is essential to establish a world-wide network of ideas and information that serves your transnational business interests. The Journal of Transnational Management (retitled from the Journal of Transnational Management Development to better reflect its focus) is an international forum that examines management research, teaching and training techniques, consulting, and development issues from a multicultural perspective, presenting practical business strategies that produce results on a global scale. The Journal of Transnational Management is a comprehensive resource for management in foreign environments, presenting an exchange of conceptual and empirical research on an international level. Articles written by business practitioners, management development experts, and academicians address issues related to firms, public enterprises, educational institutions, and nonprofit organizations throughout the world.
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