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1. Introduction 17
1.1. Information and Communication Technology,
the Internet & Electronic Commerce 19
1.2. Significance of the Study 22
1.3. Objectives of the Study 23
1.4. Methodology 24
2. Qualitative assessment of information and communication
technologies & electronic commerce in COMESA 27
2.1. Status of the Internet, e-Commerce and e-Readiness in COMESA 27
2.1.1. .readiness/lntnsity Indicators 28
2.1.2. International Trade Readiness Indicators 35
3. Quantitative analysis of the impact of the internet on trade 41
3.1. Literature Review 41
3.2. Econometric Specification of the Gravity Equation 44
3.3. Data, Data Handling and Variable Definitions 45
3.4. Estimation Strategy 47
3.5. Results of Econometric Estimation 47
3.5.1. Baseline Bilateral Trade Regression Results 48
3.5.2. Internet-lnclusive Bilateral Trade Regression Results 51
3.5.3. Cross-sectional Bilateral Trade Regression Results for 1997, 1998 & 1999 55
3.5.4. Does Product Differentiation matter in making the Internet useful in reducing Search Costsi 58
3.5.5.Does Product Differentiation matter in making the Internet useful in reducing Search Costs? 60
3.6. Computable General Equilibrium (GTAP) Analysis 64
3.6.1. Standard Model and Data Base 65
3.6.2. A Closer Look at the impact of the Internet on Trade in the Model 67
3.6.3. The Two Stages 68
3.6.4. Closure 70
3.6.5. Results 71
3.6.7. The GTAP Data 71
3.6.8. Macroeconomic and Welfare Effects 74
3.6.9. Sensitivity Analysis 82
4. Conclusion and Policy Recommendations 87
References 91
Appendices 94
Appendix 1 95
Endnotes 97
Library of Congress Subject Headings for this publication: Electronic commerce Africa, Eastern, Electronic commerce Africa, Southern, Internet