This article examines the measurement and determinants of WAEMU＇s （West African Economic and Monetary Union） external trade efficiency. The sample includes eight countries and covers the period from 1990 to 2014. T...This article examines the measurement and determinants of WAEMU＇s （West African Economic and Monetary Union） external trade efficiency. The sample includes eight countries and covers the period from 1990 to 2014. The study＇s estimations are based on data from the database WDI （World Development Indicators） of the World Bank and data from BCEAO with the view to answer to the central question posed. The study is also based on the approach of a gravity equation in panel then a stochastic frontier cost. The results suggest that the score of efficiency of WAEMU＇s external trade is very low on the one hand and the range and importing countries＇ GDP negatively influence this score while GDP of the exporting countries, the common border and common language positively influence the efficiency of external trade of that union. These results show that the different WAEMU＇s countries have an interest in establishing new trade and fiscal policies able to lead them on a long period on the path of self come growth.展开更多
文摘This article examines the measurement and determinants of WAEMU＇s （West African Economic and Monetary Union） external trade efficiency. The sample includes eight countries and covers the period from 1990 to 2014. The study＇s estimations are based on data from the database WDI （World Development Indicators） of the World Bank and data from BCEAO with the view to answer to the central question posed. The study is also based on the approach of a gravity equation in panel then a stochastic frontier cost. The results suggest that the score of efficiency of WAEMU＇s external trade is very low on the one hand and the range and importing countries＇ GDP negatively influence this score while GDP of the exporting countries, the common border and common language positively influence the efficiency of external trade of that union. These results show that the different WAEMU＇s countries have an interest in establishing new trade and fiscal policies able to lead them on a long period on the path of self come growth.
