Non‐linear Effects of Inflation on Economic Growth in the Democratic Republic of the Congo

2020 ◽  
Vol 88 (4) ◽  
pp. 536-550
Author(s):  
Boniface Yemba ◽  
Erick Kitenge ◽  
Paul Woodburne
Keyword(s):  
Economic Growth ◽  
Democratic Republic ◽  
Non Linear ◽  
Republic Of The Congo ◽  
Linear Effects

scholarly journals On the Causal Nature between Financial Development and Economic Growth in the Democratic Republic of the Congo: Is it Supply Leading or Demand Following?

2020 ◽  
Vol 11 (2) ◽  
pp. 96
Author(s):  
Christian P. PINSHI
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Democratic Republic ◽  
Financial System ◽  
Business Climate ◽  
Causality Test ◽  
Knowledge Infrastructure ◽  
Republic Of The Congo ◽  
Causal Nature ◽  
Using Data

This paper seeks to study and answer the question on the nature and direction of the causality between financial development and economic growth in the Democratic Republic of the Congo (DRC) using data from 2004 to 2019. The long-term relationship not being robust, we opted for the short-term dynamics with the causality test in the sense of Granger to support this question. The results indicated the existence of a one-way causality from economic growth to financial development. This result is in line with the Demand following hypothesis, given the country’s economic and financial landscape, which presents a less deep financial system. Consequently, choices of growth policies (increase in knowledge, infrastructure, pleasant business climate, structural reforms, etc.) should be adopted to enhance and develop the Congolese financial system. However, we recognize that once growth is restored and becomes sustainable, financial development could lead to sustained and resilient economic growth.

scholarly journals Evaluation of the Non-Linear Effects of the Public Debt on the Economic Growth of the WAEMU

2020 ◽  
Vol 5 (2) ◽  
pp. p63
Author(s):  
Moussa SIGUE ◽  
Moussa COULIBALY
Keyword(s):  
Economic Growth ◽  
Quadratic Form ◽  
Public Debt ◽  
Institutional Quality ◽  
Economic Conditions ◽  
Macroeconomic Policies ◽  
The Public ◽  
Non Linear ◽  
Linear Effects ◽  
The Relationship

The aim of this article is to analyse the nature of the relationship between public debt and economic growth in the WAEMU. A standard growth model was specified and then estimated in quadratic form from the GMM (GMM). The results show a non-linear relationship between public debt and economic growth. Thus, public debt stimulates economic growth when it does not exceed the threshold of 15% of GDP. Robustness tests show that public debt is boosting the economic conditions of countries with sound macroeconomic policies and good institutional quality.

scholarly journals Accumulation, Development, and Exploitation in Different Colonial and Post-Colonial Contexts: Taiwan, Indonesia and the Democratic Republic of the Congo, 1900-80

2015 ◽  
Vol 61 (1) ◽  
pp. 1
Author(s):  
Anne Booth
Keyword(s):  
Economic Growth ◽  
Democratic Republic ◽  
Early 20Th Century ◽  
Post Colonial ◽  
Republic Of China ◽  
Republic Of The Congo ◽  
Netherlands Indies ◽  
Independence Era ◽  
The Republic ◽  
Belgian Congo

The Belgian Congo (Zaire, now the Democratic Republic of the Congo), the Netherlands Indies (Indonesia), and Taiwan/Formosa (now the Republic of China) experienced policies during the 19th and early 20th century which could be termed exploitative or extractive, although some policies in these colonies could also be termed developmental. All three colonies had a troubled passage to independence, and the immediate post-independence era was marked by considerable political and economic turmoil. But the growth performance of the three former colonies has been very different. Taiwan has seen very rapid growth sustained over decades; Indonesia’s economic growth since 1970 has been quite robust; the Congo has seen a growth collapse which is extraordinary even by African standards. The paper suggests some explanations for this divergence in terms of policies pursued by the Japanese, Dutch and Belgian colonial regimes, and by postindependence governments in these countries.

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