The Role of COMESA in Growth and Development of Ethiopia
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Date
2012-06
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A.A.U
Abstract
Researches and different publications used to report that Africa in general and Ethiopia in
particular has been registering economic growth in the past five to ten years. Most theories and
literatures claim that growth comes either from trade through regional integration or sound
macro-economic policies. The main reason to regional integration is to create and divert trade so
that there will be considerable gains. Recently seen economic growth of Ethiopia has to be
assessed by studying the case of COMES A (as a regional bloc) ifit has any role in playing in this
growth achievement. This study uses panel data analysis in all 19 member countries during 2003
- 2011 with static linear model regression over 171 observations. Crucial growth indicating
variables are injected to the model. Different authors used different methodologies, like CGE and
Gravity models to see the bilateral and multilateral effects of regional integration and conclude
their findings. By thi s study the concern is to look into country speci fic policy and preference
effects over the entire observation. So the role of COMESA to Ethiopia would be seen by the
effects across variables and observations. Finally based on the analysis conclusions from general
to specific scenarios has been derived and policy implications have been sited at the end.
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Keywords
Software Commands, Economic Growth