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THE AFRICAN CONTINENTAL FREE TRADE AREA AND FINANCIAL DEVELOPMENT FOR WOMEN ECONOMIC PARTICIPATION IN AFRICA
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Published by: Admin

Published:1 year ago

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Pages: 21

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Abstract

The study has contributed to the extant literature on the relevance of the African Continental Free Trade Agreement (AfCFTA) by assessing how financial development dynamics can moderate the incidence of African trade integration on female labour force participation. The focus is on 47 African countries for the period 1995 to 2019 and the empirical evidence is based on Fixed Effects regressions. The findings show that financial development moderates African trade integration to engender an overall positive effect on female labour force participation. Moreover, financial depth proxied by liquid liabilities should reach a threshold of approximately (15.47 % of GDP) in order to completely dampen an initial negative incidence of intra-African trade integration on female labor force participation. It follows that financial development becomes a necessary and sufficient condition to moderate intra-African trade integration in order to positively affect female labor force participation only when the established threshold of financial depth is attained. Other policy implications are discussed.

Simplice A. Asongu Ph.D.
Address IconAfrican Governance and Development Institute P.O. Box 8413Yaounde, Cameroon
Mail Iconasongusimplice@yahoo.com
Vanessa S. Tchamyou Msc.
Address Icon
Mail Iconsimevanessa@yahoo.com
Juste Some BSc
Address Icon
Mail Iconjuste.some@yahoo.fr

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