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El. knyga: Economic Integration, Currency Union, and Sustainable and Inclusive Growth in East Africa

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This edited volume focuses on economic integration, currency union, and sustainable and inclusive growth in East Africa. It consists of twelve interrelated studies that provide a comprehensive picture of the state and determinants of economic development and cooperation among countries in East Africa, such as Burundi, Ethiopia, Kenya, Rwanda and Tanzania. The contributions are grouped into five parts: economic integration and its effects on trade; common currency and exchange rate; research, innovation, and knowledge, and shadow economics and corruption; inclusive and sustainable growth; and the conflict-growth nexus and reconstruction. This book will appeal to scholars and decision makers looking for the necessary tools and determinants of economic development and cooperation in East Africa.

Introduction.- Part A: Economic Integration and Its Trade Effects.- Part B: Financial Sector Development and Common Currency.- Part C: Public Finances, FDI, Research, Innovation and Knowledge.- Part D: Inclusive and Sustainable Growth.- Part E: Conflict-Growth Relationship and Reconstruction.
Introduction and Summary 1(10)
Almas Heshmati
Part I Economic Integration and Its Trade Effects
Consequences of Economic Integration Initiatives in Africa: Trade in the IGAD Region
11(30)
Ewa Cieslik
Currency Union in the East African Community: A Fractional Integration Approach
41(16)
Hector Carcel
Luis A. Gil-Alana
Godfrey Madigu
Part II Financial Sector Development and Common Currency
Financial Sector Development-Economic Growth Nexus in Rwanda
57(20)
Caleb Tamwesigire
Thomas Bwire
Pascal Munyankindi
Effects of a Common Currency on Intra-regional Trade in Africa: Perspectives on the East African Community Monetary Union
77(22)
Yvonne Umulisa
Part III Public Finances, FDI, Research, Innovation and Knowledge
Research, Innovation and Indigenous Knowledge in Sub-Saharan Africa: In Search of a Nexus
99(16)
Chika Ezeanya
The Shadow Economy and Corruption as Development Impediments
115(22)
Almas Heshmati
Part IV Inclusive and Sustainable Growth
Antecedents of Environmentally Friendly Manufacturing Practices Among SMEs in Africa: Evidence from Uganda
137(14)
Dan Ayebale
Esther Nafunka
Ahurra Hope Ayebale
Are East African Countries Sustainable? Comparative Analysis of Two Composite Indicators
151(20)
Miroslav Syrovatka
Jaromir Harmacek
African Emergence, Inclusive and Sustainable Development and the Role of Social Science Research with Special Reference to Eastern Africa
171(22)
Herman Musahara
Part V Conflict-Growth Relationship and Reconstruction
Benefit-Cost Analysis of the Integration of Rwanda in the East African Community: 2007--2013
193(22)
Emmanuel Mushimiyimana
The Conflict-Growth Nexus in Sub-Saharan Africa
215
Syed Mansoob Murshed
Almas Heshmati is Professor of Economics at Jönköping University and Sogang University. He held similar positions at the Korea University, Seoul National University, University of Kurdistan Hawler, RATIO Institute (Sweden) and the MTT Agrifood Research (Finland). He was Research Fellow at the World Institute for Development Economics Research (WIDER), The United Nations University during 2001-2004. From 1998 until 2001, he was an Associate Professor of Economics at the Stockholm School of Economics. He has a Ph.D. degree from the University of Gothenburg (1994), where he held a Senior Researcher position until 1998. His research interests include applied microeconomics, globalization, development strategy, efficiency, productivity and growth with application to manufacturing and services. In addition to more than 150 scientific journal articles he has published books on EU Lisbon Process, Global Inequality, East Asian Manufacturing, Chinese Economy, Technology Transfer, Information Technology, Water Resources, Landmines, Power Generation, Renewable Energy, Development Economics, World Values, Poverty and Economic Growth.