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The Impact of Chinese Trade and Investment on West African Economic Growth: A Spatial Econometrics Approach

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Document pages: 12 pages

Abstract: This paper has studied the West African region or Economic Community ofWest African States (ECOWAS) which includes fifteen countries and itsrelationship with China. Three countries (Cote d’Ivoire, Ghana, and Nigeria) ofthe fifteen countries which are economically representative in the west Africanregion to represent the overall-region were studied. Therefore, the objectiveof this study is to investigate the spatial effect of Chinese trade andinvestment on the economic growth of West Africa. The study focuses on theperiod from 1960-2014 using the dynamic panel data approach and spatialautoregressive approach for the econometric analysis of this topic.Empirically, the results show that trade openness with China has a positiveimpact on the neighboring countries of the region, especially for those whoshare the same border. Chinese investment isvital to the region’s economic growth as the results show that one dollarinvestment increase from China to the host country increases theeconomic growth in the neighboring countries by 0.328 .

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