Anticipated Impact of Monetary Union on Bilateral Trade among ECOWAS Members

dc.contributor.authorWorimegbe, Temitope
dc.date.accessioned2022-04-27T18:12:09Z
dc.date.available2022-04-27T18:12:09Z
dc.date.issued2017
dc.description.abstractThe pattern of growth of International Trade and Bilateral Trade among West African Countries has again brought to light the need for a common currency aimed at financial integration of the ECOWAS community. In this light, this study adopts the explanatory survey design and uses the questionnaire as a primary research instrument to solicit responses from experts in monetary policy, foreign exchange and international business with a view to examine and analyze the potential impact of the proposed ECO currency on Bilateral trade among the ECOWAS members. Data was analysed using the simple linear regression to determine the relationship between the dependent (bilateral trade) and the independent variable (monetary union). Findings from the study indicate there is a positive linear relationship between bilateral trade and monetary union; consistent with Akinyede (2014). The relationship is moderate and significant at 5% level of significance (p value =.001 < alpha value =.05). Therefore, we conclude that the development of monetary union has significant impact on bilateral trade in ECOWASen_US
dc.identifier.urihttp://dspace.run.edu.ng:8080/jspui/handle/123456789/2483
dc.language.isoenen_US
dc.publisherJournal of Global Economics, Management and Business Researchen_US
dc.subjectBilateral tradeen_US
dc.subjectECOWASen_US
dc.subjectECO currencyen_US
dc.subjectMonetary unionen_US
dc.titleAnticipated Impact of Monetary Union on Bilateral Trade among ECOWAS Membersen_US
dc.typeArticleen_US
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