Chapter
1. Analysis of Merchandise Trade Integration in the EAC
Evolution of Tariffs and Imports of EAC Countries since the Implementation of the CU
Evolution of Intra-EAC Trade as a Share of Total Trade
Trade Integration in the EAC Compared with Other Regions
2. Labor Migration and Remittances in the EAC
Progress in Eliminating Legislative Restrictions to the Movement of Workers in the EAC
Recent Migration and Remittances Trends in the EAC
3. Financial Integration in the EAC
Progress in Eliminating Legislative Restrictions in EAC Capital Markets
Openness to Capital Flows in the EAC: A Comparative Perspective
An Empirical Assessment of the CIP Condition in Kenya, Tanzania, and Uganda
An Assessment of Financial Market Convergence in the EAC
Appendix I. A Snapshot of Financial Markets in the EAC
Appendix II. Detailed Information on Migration and Remittance Flow
Appendix III. Capital Account Restrictions: Country-Specific Details
Appendix IV. An Analysis of Covered Interest Parity Condition for the EAC
Appendix V. Application of Convergence Concepts in the EAC
Nondeliverable Currency Forward (NDF) Markets
1. Import by EAC Countries from the Rest of the World (ROW) and Tariff Rates
2. EAC Imports from the ROW by End-Use
3. EAC Imports from the ROW by Intermediate Inputs
4. Imports by EAC Country from EAC Country and Tariff Rates
5. EAC Imports from EAC by End-Use
6. EAC Imports from EAC by Intermediate Inputs
7. EAC Import Shares by Region
8. EAC Import Shares by Origin
9. EAC Export Shares by Region
10. EAC Export Shares by Destination
11. Emigrants from and Immigrants in the EAC
12. Emigration Rate of Tertiary Educated, 2000
14. Source of Remittance Inflows (Net)
15. Emigration and Remittances
16. Financial Account Openness
17. Capital Account Restrictions
A4.1. Kenya, Tanzania, Uganda, and South Africa: Spot and NDF Exchange Rates (2011–15)
A4.2. Kenya: Actual (NDF) and Implied Forward Exchange Rates (2011–15)
A4.3. Tanzania: Actual (NDF) and Implied Forward Exchange Rates (2011–15)
A4.4. Uganda: Actual (NDF) and Implied Forward Exchange Rates (2011–15)
A4.5. South Africa: Actual (NDF) and Implied Forward Exchange Rates (2011–15)
A5.1. Various EAC Financial Returns Data Used in Convergence Analysis
A5.2. Sigma-Convergence Analysis for the EAC Countries
1. Trade Balance with EAC, Sub-Saharan Africa, and the World
3. Estimated Total Migration from, to, and within EAC
4. Emigrants from the EAC by Country of Destination
5. Immigrants to the EAC by Country of Origin
6. Median Absolute CIP Deviations for Kenya, Uganda, and South Africa
A1.1. Stock Market in Kenya, Rwanda, Tanzania, and Uganda
A1.2. Holders of Government Domestic Debt in the EAC
A1.3. Domestic Debt in Burundi, Kenya, Rwanda, Tanzania, and Uganda
A2.1. EAC Migration Matrix, 2010 and 2013
A2.2. Remittances per Migrant, 2010 and 2013
A2.3. EAC: Remittances by Country of Origin, 2010 and 2013
A2.4. Intra-EAC Remittances by Country of Origin, 2010 and 2013
A2.5. Total Population in EAC Countries, 2000–14
A4.1 Summary Statistics of CIP Deviations Relative to the United States
A4.2 Summary Statistics of Absolute CIP Deviations Relative to the United States
A4.3 Summary Statistics of Absolute CIP Deviations Relative to the EAC
A5.1 Pooled and Individual Beta Coefficients of EAC Countries’ Selected Asset Yields (2011–15)
A Work in Progress
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