Book of Abstracts
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BBOOOOKK OOFF AABBSSTTRRAACCTTSS UoM-WCP INTERNATIONAL CONFERENCE ON INTERNATIONAL TRADE AND INVESTMENT Le Meridien Hotel, Mauritius 19-21 December 2011 TABLE OF CONTENTS Paper/ Title Page Abstract No. 1 Trade Orientation and Economic Growth of CEMAC Countries: 1 Opportunities from the Chinese Market. D. Diaw & A. Lessoua 2 Trade openness and Economic Growth: Evidence From Mauritius 3 B. Seetanah, J. Matadeen & J. S. Matadeen 3 Firms and Export Spillovers: Evidence from Kenya 4 B. Kinuthia 4 Do Domestic Firms Learn to Export From Foreign-Owned Firms? Evidence 5 from Kenya D. Kamuganga 5 Global Financial Crisis and Stock Market integration: A study on the impact 6 of the Global Financial Crisis on the level of Financial Integration between the US and Indian Stock Market S. Gangadharan & C. Yoonus 6 Predicting the Impact of a Euro Currency Crisis on Exports Level in 7 Mauritius: A Panel Gravity Model B. Nem & T. Lukho 7 Trade and Finance – Post-Crisis Regulatory Reforms and the Future of 8 Developing Nations P. Pooran 8 How Regional and Global Development Banks Responded to the Financial 9 Crisis? S. Kingah & A. Salimzhuarova 9 Multi-Country and Product Evidence on Trade Costs and Comparative 10 Advantage Prof D. Greenaway, D. McGowan & Prof C. Milner 10 Does International Trade Induce or Deter Debt Repayment Capacity of 11 Developing Countries? Looking Through the Lens of the US Subprime Crisis I. Ramlall 11 Export Diversification and Economic Growth. Case Study of a Developing 12 Country: Mauritius S. Matadeen 12 Leveraging On Trade Opportunities with Non-Traditional Partners: The 14 GCC-Malaysia Perspective E. Devadason, A. Baharumshah & T. Subramaniam II 13 Reality check for the SADC, EAC and COMESA Tripartite Free Trade Area: 15 Problems and Prospects A. Saurombe 14 Pulled Along or Pushed Aside: Do Small Countries In Regional Negotiating 16 Groups Gain From Trade Agreements? A. DiCaprio 15 Regional Trade Integrations: A Comparative Study of African RTAs 18 B.Seetanah, V. Sannassee & V. Tandrayen-Ragoobur 16 An Estimation of the Trade Effects of the East African Community (EAC) 19 Customs Union Agreement Prof S. Buigut 17 The Impact of International Trade and Maladministration of Energy on the 20 Environment Causing Climate Change in Mauritius D. Michel 18 Cross-Border Pollution and Integrated Reforms of Trade and Environmental 21 Tax Policies in Large Economies Prof P. Hatzipanayotou, N. Tsakiris & Michael S. Michael 19 A Dynamic Econometric Study of Aggregate Output, Energy and Exports in 22 Mauritius – Implications for Climate Policy R. Sultan 20 Mineral Depletion, Fuel Imports and Development Sustainability In the 23 Energy Scarce Country Fiji over 1970-2006 H.Chen & B. Singh 21 The Impact of Tourism on Non Tourism Sectors of the Economy 24 R. Durbarry 22 Les Introductions en bourse à la Bourse Régionale des Valeurs 25 Mobilière(BRVM) : Théories et Analyse du cas des sociétés non cotées du Bénin B. Aderomou & Mr L. K. N’Dri 23 The Evolution Of Cross – Border Higher Education within the WTO/ 26 GATS:The Case of Mauritius K. Padachi & Mrs A. Mohamudally – Boolaky 24 Flow of Global Capital in the Post Globalised India and its Impact on 27 Economic Growth Prof R. Dhankar 25 Investment Opportunities in Indian Micro Small and Medium Enterprises 31 Sector S. Muhnot 26 The Challenge Of The Double Bottom Line: What Can Microfinance 33 Investment Vehicles Learn From The SRI World? L.Urgeghe III 27 FDI, Trade and Growth, a Causal Link? 34 R. Bissoondeeal & N. Driffield 28 FDI and Spillovers Efficiency 35 S. Fauzel 29 Examining the Role of Foreign Direct Investment in Jordan’s Economic 36 Development Prof Zu'bi M.F. Al-Zu'bi 30 Foreign Direct Investment and Export Performance of the Ugandan 37 Manufacturing Sector: Empirical Evidence J. Nannyonjo 31 Factors that Contribute to Declining Trade Share and Comparative Advantage 39 of Processed and Agricultural Products in the SADC Region. M. Kalaba & J.Kirsten 32 The Asian Eye on African Trade and Investment: A Panel VAR Approach 40 V.Tandrayen-Ragoobur, H. Kasseeah & B. Sooreea-Bheemul 33 The Rise of China: A New Fear of Trade Competition for Mauritius? 41 B. Nowbutsing & S. Ramsohok 34 Zoning In on Special Export Zones in Mauritius 42 V. Tang 35 No Chinese Jackets Required: Clothing Quotas, Consumer Prices and Import 43 Quality in South Africa T.Naughtin ,Lawrence Edwards & Neil Rankin 36 What Drives Intra-African Export Survival and Export Depth? 44 D. Kamuganga 37 India’s Demand-driven Food Inflation: A General Equilibrium Investigation 46 Prof J. S Bandara & E. Valenzuela 38 Testing the J-Curve Hypothesis between South Africa and Its Six Major 47 Trading Partners G.K Setou, T.M Mokoena & E. Ndou 39 High Growth Firms: What Makes You Tick? – A Cross-country Panel 48 Investigations Y. Temouri & Jun Du 40 Financial Globalisation and International Financial Integration: Analysis of 50 Impact of Financial Integration on Economic Activity, Trade Openness and Macroeconomic Volatility in Africa G. Mougani 41 Trade and Financial Openness, Institutional Quality, and Financial 51 Development in Sub-Sahara Africa (SSA) Prof J.P. Asiama &M. Hakeem IV 42 Payment by Letter of Credit (LC) In International Trade: Disputes on Fraud 52 Exception with special reference to Malaysia R. Che Hashim 43 The Impact of the REPAs-EU Negotiations On The SADC Configuration 53 And Trade Protocol: Integration-Disintegration, Stumbling Blocks Or A Glimpse Of Hope for a Developing Africa? R P Gunputh 44 Globalisation and Human Rights in Africa: Implications for Trade and 54 Investment Prof J.C Mubangizi 45 Globalisation: An evaluation of the Prospects and Challenges and The Call 55 for a Global Mind Transformation N. Becceea and His Holiness Swami Paramananda 46 Can Trade Liberalisation Reduce Regional Disparity and Bring Long-term 57 Peace and stability in Post-War Sri Lanka? Prof J.S Bandara & A. Naranpanawa 47 Investment Climate and Technical Inefficiency in Vietnamese Manufacturing: 59 Firm-level Panel Data Evidence Dinh Long Pham 48 Investigating the Effects of Foreign Direct Investments on Mass 60 Customization Capability in Jordan Prof Zu'bi M.F. Al-Zu'bi 49 On the Determinants of Foreign Capital Flows: Evidence from an African 61 Economy N. Beghum, Prof R V Sannassee, B. Seetanah &M. Lamport 50 Africa’s Endemic Dependency on Foreign Aid: a Dilemma for the Continent 62 Prof R. Ilorah 51 Strategic Policy Responses to Aid and Investment Flows: Growth and 63 Development in ECOWAS V. Tang & R. Simson 52 Country of Origin Attitudes in Mauritius and its Implications for Investment 64 and Trade R .Ramsaran-Fowdar & Sooraj Fowdar 53 Trade Liberalization Policy: Is it working for Jordan? 65 A. Taleb 54 Exchange Rate Volatility and Macroeconomic Performance in Small Island 66 Developing States V.Polodoo, K. Padachi & B. Seetanah 55 The Impact of Exchange Rate Volatility on Bilateral Trade Flows between 67 Mauritius and USA D. Ramdhony & P.Ramphul V 56 Phasing Out of the MFA: Impact on Women Workers in the Mauritian EPZ 68 Sector V. Tandrayen- Ragoobur & Y.A. Ayrga 57 Raising the role of women in International Trade: A developing country’s 69 perspective N. Ragodoo 58 MNC Legitimacy and Labour CSR: A Case Study 70 Prof R. Croucher 59 Assessing Cultural Adaptation Competencies at Senior Executive Level: The 71 Case of Expatriates in Mauritius Prof. A. Ramgutty-Wong & I.Dusoye 60 Local Government’s Role in Trade for Food Security in South Africa 73 Prof B.C Mubangizi 61 Market Competition in Export Cash Crops and Farm Income 74 N. Depetris Chauvin & Guido G. Porto 62 Why are Quality Matters Essential In Agricultural Markets? The Case of Rice 75 Marketing in Madagascar T. Rakotondramanitra 63 The Changing Agri-Food Export Composition: - Strategic Options For 77 Sanitary and Phytosanitary (SPS) Compliance in Mauritius H. Neeliah & S. Neeliah VI Abstract No: 1 Trade Orientation and Economic Growth of CEMAC Countries: Opportunities from the Chinese Market Albert Lessoua1 Ecole Supérieure du Commerce Extérieur, France [email protected] Diadié Diaw University of Rouen, France [email protected] Since the early 1990s, there has been an increasing trend towards economic regionalism with the aim of increasing international and regional trade. In 2011 approximately 490 trade agreements were notified to the WTO, 200 of which, dealing with goods and services, are now in force. Globalization has accelerated regional integration as a necessary and major driver in the development of emerging economies. According to Balassa (1961), regional economic integration can be seen as both a process and a state: a process because it works to eliminate all forms of economic discrimination among the countries’ economic units and a state because it is defined as the absence of economic discrimination among national economies. Regional integration has played an important role in Africa; since the 60s, African countries have been eager to enter into economic agreements. In central Africa, this process began in 1962, when the treaty establishing the Customs and Economic Union of Central Africa (UDEAC) was signed in Brazzaville; it would go into effect in 1966. This union developed as a force for market integration and in 1994 became the Economic and Monetary Community of Central Africa (CEMAC). Its six member states are Cameroon (Yaoundé), Central African Republic (Bangui), Chad (N’Djamena), Equatorial Guinea (Malabo), Republic of Congo (Brazzaville), and Gabon (Libreville). The goal of this union is to facilitate the economic integration begun with the UDEAC and to increase regional and international trade. The group’s main goals are as follows: Harmonizing member countries’ economic policy and legal environment; Seeking ways to create an effective common market; Creating mechanisms to prevent, manage, and resolve regional conflict. Overall, the CEMAC’s primary goal is to develop harmonious relations among its member states by strengthening economic and trade ties.