Economic Integration, Currency Union, and Sustainable and Inclusive Growth in East Africa (Advances in African Economic, Social and Political Development)

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. Front Matter....Pages i-xiv Introduction and Summary....Pages 1-7 Front Matter....Pages 9-9 Consequences of Economic Integration Initiatives in Africa: Trade in the IGAD Region....Pages 11-40 Currency Union in the East African Community: A Fractional Integration Approach....Pages 41-54 Front Matter....Pages 55-55 Financial Sector Development–Economic Growth Nexus in Rwanda....Pages 57-76 Effects of a Common Currency on Intra-regional Trade in Africa: Perspectives on the East African Community Monetary Union....Pages 77-96 Front Matter....Pages 97-97 Research, Innovation and Indigenous Knowledge in Sub-Saharan Africa: In Search of a Nexus....Pages 99-114 The Shadow Economy and Corruption as Development Impediments....Pages 115-133 Front Matter....Pages 135-135 Antecedents of Environmentally Friendly Manufacturing Practices Among SMEs in Africa: Evidence from Uganda....Pages 137-149 Are East African Countries Sustainable? Comparative Analysis of Two Composite Indicators....Pages 151-170 African Emergence, Inclusive and Sustainable Development and the Role of Social Science Research with Special Reference to Eastern Africa....Pages 171-189 Front Matter....Pages 191-191 Benefit-Cost Analysis of the Integration of Rwanda in the East African Community: 2007–2013....Pages 193-214 The Conflict-Growth Nexus in Sub-Saharan Africa....Pages 215-232