scholarly journals Impact of Inflation and Unemployment on Economic Growth in Ten (10) Selected Member's States of Economic Community of West Africa States (ECOWAS) (2001-2014)

2016 ◽  
Vol 4 (5) ◽  
pp. 222-244 ◽  
Author(s):  
Gylych Jelilov ◽  
Olanrewaju Joseph Obasa ◽  
Abdurahman Isik
Keyword(s):  
Economic Growth ◽  
West Africa ◽  
Economic Community

Organized crime, corruption and the challenges of economic growth in the economic community of West African states

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mallam Isgogo Mohammed ◽  
Abbsinejad Hossein ◽  
Chukwudi C. Nwokolo
Keyword(s):  
Economic Growth ◽  
West Africa ◽  
Organized Crime ◽  
West African ◽  
Least Square ◽  
Policy Implications ◽  
Series Data ◽  
Economic Community ◽  
Data Set ◽  
Content Type

Purpose This study aims to examine organized crime, corruption and their challenges to the economic growth of the Economic Community of West African States (ECOWAS). Organized crime and corruption can have a grossly negative impact on the economic growth process of every system, but the extent of damage they have needs to be measured to determine the policy implications to the region. Design/methodology/approach The study uses the fixed effects model and the feasible generalized least square known also as the random-effects model with the pooled ordinary least square as a control on the defined objectives using secondary time series data that covers the period 2000 to 2019 for 11 countries in the ECOWAS region. The panel nature of the data set provides a rich degree of freedom with 220 (20 years for 11 countries – 20*11 = 220) observations. Findings Results show among others that organized crime does not have a significant impact on economic growth, whereas corruption significantly reduces economic growth. Research limitations/implications Unavailability of data affected the scope of the study in the areas of a number of countries selected and years chosen for the study. The implication is that it would have given the study better degrees of freedom. Practical implications The practical implication of this study has exposed corruption hinders economic growth in West Africa. Social implications The social implication of the study is that it has exposed that though the organized crime was a bad phenomenon it does not retard economic growth significantly in West Africa. Originality/value This study is original and of immense importance as its the first study to focus on organized crime and corruption’s influence on economic growth among West African states.

scholarly journals Economic Growth and Unemployment Issues in Ten (10) Selected West African Countries: A Panel Data Analysis

2020 ◽  
pp. 1-12
Author(s):  
Joseph Eshun
Keyword(s):  
Economic Growth ◽  
West Africa ◽  
Panel Data Analysis ◽  
Fixed Effect ◽  
Okun’S Law ◽  
African Countries ◽  
Okun's Law ◽  
Unit Increase ◽  
Effect Regression ◽  
Variable Bias

The economic growth of nations continue to be one of the main issues that economists have been interested in analyzing. In effect, several theories have emerged to explain the growth of nations including the Okun’s law which tests the relationship between economic growth and unemployment. Using the World Bank Dataset, the study tested the validity of Okun's Law in West Africa by employing fixed effect regressions to control for inconsistencies of the OLS estimates due to omitted variable bias. The random and time-fixed effect regressions confirm the validity of the Okun's Law in West Africa. The time-fixed effect regression shows that, economic growth will decline by 0.311 annually for every unit increase in the rate of unemployment. Time variant effects such as changes in policy provides a stronger case for the effect of unemployment rate volatility on the growth of these economies. It is therefore recommended that, various stakeholders adopt efficient fiscal and monetary policies aimed at lowering the rate of unemployment thereby expanding economic growth. One of such policies could be the reduction of the high corporate tax rates in the region that is bedeviling African countries by preventing industries and businesses from being built.

EBOLA OUTBREAKS AND INTERNATIONAL TRAVEL RESTRICTIONS: CASE STUDIES OF CENTRAL AND WEST AFRICA REGIONS

2020 ◽  
Vol 28 (02) ◽  
pp. 431-452 ◽  
Author(s):  
NOURRIDINE SIEWE ◽  
SUZANNE LENHART ◽  
ABDUL-AZIZ YAKUBU
Keyword(s):  
West Africa ◽  
Democratic Republic ◽  
Democratic Republic Of Congo ◽  
Disease Outbreaks ◽  
International Travel ◽  
Economic Community ◽  
Infectious Disease Outbreaks ◽  
International Borders ◽  
Travel Restrictions ◽  
National Borders

Ebola outbreaks in Africa have occurred mostly in the Central and West Africa regions that are politically identified as the Economic Community of Central African States (ECCAS) and Economic Community of Western African States (ECOWAS), respectively. In the ECOWAS region, people and goods are allowed to travel freely across national borders of all the 15 member countries, but in the ECCAS region such regional travel across the national borders of its 10 member countries is limited. In this paper, we use parameterized mathematical models of Ebola to investigate the effects of free international travel, and the timing of border closings, on the high number of Ebola infection cases and deaths of the recent 2014–2016 Ebola outbreaks in Guinea, Liberia and Sierra Leone (ECOWAS); as compared to previous and current outbreaks in Democratic Republic of Congo (ECCAS, 1976–2018). Simulations of our single-patch Ebola model without movement of humans across international borders are shown to capture the recorded numbers of Ebola infections and deaths in the ECCAS region, and simulations of our 3-patch model with interpatch movements capture that of the ECOWAS region. We obtain that international travel restrictions and timing of border closings can play important roles in mitigating against the spread of future fatal infectious disease outbreaks.

The Politics of West African Economic Co-operation: C.E.A.O. and E.C.O.W.A.S.

1983 ◽  
Vol 21 (4) ◽  
pp. 605-623 ◽  
Author(s):  
Daniel C. Bach
Keyword(s):  
West Africa ◽  
West African ◽  
African Unity ◽  
Economic Community

Since the establishment of the Economic Community of West African States in 1975, its acronym has become well known, even though ‘E.C.O.W.A.S.’ still means little more than a synonym for ‘West Africa’ and a symbolic tribute to the ideals of African unity. The Community has certainly witnessed a growth of its bureaucracy and institutions, but the limited co-operation actually achieved has been based on strengthening links which were developed in the region since the early 1960s rather than on the transfer of state prerogatives to Community organs on specific issues.

West Africa ports compete for regional dominance

2015 ◽  
Keyword(s):  
Economic Growth ◽  
West Africa ◽  
Private Sector ◽  
Ivory Coast ◽  
Oil Prices ◽  
Infrastructure Projects ◽  
Asian Countries ◽  
Content Type ◽  
Port Infrastructure ◽  
Port Expansion

Subject West Africa ports development. Significance Economic growth and rising trade volumes with Asian countries are straining West Africa's commercial port capacities. Various port infrastructure projects are underway as states compete to become shipping gateways for the region. Ever larger container ships are also forcing states to offer deeper water berth ports. Ivory Coast, Ghana and Nigeria are leading the race. Impacts Low oil prices should not affect port expansion as the costs are borne by competing private sector operators. The question of whether the operator-driven port model delivers equivalent benefits to individual economies will grow as profits rise. European private sector port operators continue to dominate, but competition from Asian companies such as DP World is growing.

The Mano River Union

1982 ◽  
Vol 20 (4) ◽  
pp. 613-628 ◽  
Author(s):  
Peter Robson
Keyword(s):  
International Economic ◽  
West Africa ◽  
Economic Integration ◽  
Monetary Union ◽  
West African ◽  
Economic And Monetary Union ◽  
Economic Community

Of the four current schemes for international economic integration in West Africa, the operation of the Communauté économique de l'Afrique de l'Ouest has been recently reviewed, the Economic Community of West African States continues to be widely discussed, while the agreement of the Presidents of Senegal and Gambia in Dakar on 17 December 1981 to establish a Senegambian Confederation, and to develop an economic and monetary union between the two countries, is as yet in its formative stages. This article examines the structure, progress, and potential of the Mano River Union (M.R.U.) about which little has been published.

The Politics and Diplomacy of Peacekeeping in West Africa: The Ecowas Operation in Liberia

1995 ◽  
Vol 33 (4) ◽  
pp. 569-593 ◽  
Author(s):  
Ademola Adeleke
Keyword(s):  
Civil War ◽  
West Africa ◽  
Burkina Faso ◽  
Sierra Leone ◽  
West African ◽  
Cape Verde ◽  
The Gambia ◽  
Economic Community ◽  
Political Issues ◽  
Guinea Bissau

TheEconomic Community of West African States (Ecowas) was established in May 1975 as an organisation to promote the development of the sub-region, and for 15 years did not deviate from this mandate. The 16 member-states – Benin, Burkina Faso, Cape Verde, Côte d'Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Mauritania, Niger, Nigeria, Senegal, Sierra Leone, Togo – restricted their interactions to purely economic matters and ran shy of political issues confronting West Africa. This tradition changed in 1990 when Ecowas decided to intervene in the civil war which had broken out in Liberia. Its strategy to resolve the conflict followed two parallel but mutually interactive channels — making and enforcing peace. The former involved negotiations and arbitration; the latter the deployment in August 1990 of a 3,000 strong multinational force to supervise a cease-fire.

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