Oil Boom and Cross-border Agricultural Trade in Central Africa
This study explored the impact of an oil boom on agricultural exports based on the gravity model and panel data for 1995 to 2013. We found that oil rent plays a major role in cross-border trade between Cameroon and other Economic and Monetary Community of Central Africa (CEMAC) countries including Nigeria (which falls outside this grouping). Results also support the view that intra-trade has a strong potential for accelerating regional integration in Central Africa. Estimates also indicate that economic size, market size and common border seem to drive the cross-border trade.