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ISSN Print: 2381-1196 ISSN Online: 2381-120X

International Journal of Investment Management and Financial Innovations

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Inconsistency of Trade Statistics and GDP in Some African Nations and the Implications: A Game Theory Perspective

International Journal of Investment Management and Financial Innovations
Vol.4 , No. 2, Publication Date: May 30, 2018, Page: 27-36

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Authors

[1]	James Onuche Ayegba, Department of Management Sciences and Engineering, Jiangsu University, Zhenjiang, China.
[2]	Zhou Lu Lin, Department of Management Sciences and Engineering, Jiangsu University, Zhenjiang, China.
[3]	Peace Maina Ayegba, Department of Accounting, Nasarawa State University, Keffi, Nigeria.
[4]	Emmanuel Onu Ayegba, Department of Strategy and Planning, Nigerian National Petroleum Corporation, Abuja, Nigeria.
[5]	Emmanuel Effiong Ntekim, Department of Materials Science and Engineering, Jiangsu University of Sciences and Technology, Zhenjiang, China.

Abstract

The aim of this study is to formulate and apply cooperative game theory to develop a model for international trade administration and analyses the process of which the government of developing countries especially in Africa continent in collaboration with international marketers and the Customs service can jointly take part in international trade administration and achieve game balance. The research result is that the performance improvement in balance of trade administration should be based on the cooperative mechanism of which government, international traders and the customs service. Therefore, it is essential for us to take some measures to establish a coordinate mechanism of which the government, the international marketers, and the third sector participate in international trade administration.

Keywords

International Trade, Trade Statistics, Game Theory Model, GDP, Sub-Saharan African Nations

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