Impact of Trade Restrictions in European and Sub-Saharan Regions

Richardson Kojo Edeme, Ebikabowei Biedomo Aduku, Ebele Stella Nwokoye, Nelson Chigozie Nkalu

Research output: Contribution to journalArticlepeer-review

Abstract

This article investigates the impact of trade restrictions in European and sub-Saharan regions. The study employed annual time series for the period from 1980 to 2019. Based on augmented Philip curve framework, it was found that for the European Union, the trade-off is 4.31 per cent, while it is 2.66 per cent for the sub-Saharan African region. This suggests that the negative effect of globalisation due to trade restrictions is more in developed regions than in developing regions of the world. The implication of the finding is that whether in developed or developing countries, a trade-off exists between globalisation and restricted trade. This has significant bilateral and multilateral trade policy relevance.
Original languageEnglish
Pages (from-to)35-50
Number of pages16
JournalReview of Market Integration
Volume12
Issue number1-2
Early online date29 Nov 2020
DOIs
Publication statusPublished - Nov 2020

Keywords

  • trade restrictions
  • trade barrier
  • tarrif
  • trade openness
  • trade-off
  • European region
  • sub-Saharan region

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