External Opening and Economic Growth in the West African Economic and Monetary Union: Analysis in Panel Data

2017 ◽  
Author(s):  
Chimene Djapou Fouthe
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Monetary Union ◽  
West African ◽  
Economic And Monetary Union ◽  
The West ◽  
External Opening

scholarly journals Bank Excess Liquidity and Economic Growth in Waemu Countries: A Panel Data Approach

2018 ◽  
Vol 1 (2) ◽  
pp. 141
Author(s):  
PRAO Yao Seraphin
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
West African ◽  
Economic And Monetary Union ◽  
The West ◽  
Excess Liquidity ◽  
Bank Solvency ◽  
The Impact ◽  
Solvency Ratio ◽  
The Relationship

<p><em>This paper provides an empirical assessment of the relationship between banking, liquidity, investment, terms of trade, bank solvency ratio, financial development and economic growth in the WAEMU zone. The analysis focuses on 7 countries of the West African Economic and Monetary Union (WAEMU) and covers the period 1994-2015. Using the panel data approach, we show that economic growth is positively </em><em>related </em><em>with banking on liquidity. In addition, the results highlight the impact of bank liquidity on economic growth but mitigate when it is associated with the investment.</em></p>

Growth and Structural Transformation In the Waemu Countries

2019 ◽  
pp. 631-656
Author(s):  
Tchétché N’Guessan
Keyword(s):  
Economic Growth ◽  
Structural Transformation ◽  
Monetary Union ◽  
Gross National Product ◽  
Swot Analysis ◽  
West African ◽  
Economic And Monetary Union ◽  
Total Production ◽  
The West ◽  
Agricultural Employment

This chapter examines the extent to which the new economic growth that began in 2000 in the West African Economic and Monetary Union (WAEMU) has led to the structural transformation of member countries. To answer this question, four indicators of structural transformation are used: the share of final consumption in the gross national product, the share of each sector in total production, the decline of agricultural employment, and the diversification of the exports of WAEMU member countries. After discussing these indicators in greater detail, the chapter provides a background on WAEMU as well as the evolution of economic growth in member countries. It then considers the structural transformation of the WAEMU economies and presents a SWOT analysis emphasizing these economies’ principal strengths, weaknesses, and opportunities, and the threats to them. It also offers recommendations for removing obstacles to the structural transformation of the WAEMU economies.

scholarly journals Regional Stock Exchange Development and Economic Growth in the Countries of the West African Economic and Monetary Union (WAEMU)

Economies ◽  
2021 ◽  
Vol 9 (4) ◽  
pp. 181
Author(s):  
Babatounde Ifred Paterne Zonon
Keyword(s):  
Economic Growth ◽  
Monetary Union ◽  
Stock Exchange ◽  
West African ◽  
Economic And Monetary Union ◽  
The West ◽  
Distributed Lag ◽  
Distributed Lag Model ◽  
Long Run ◽  
Lag Model

This study used panel data covering 27 years to investigate the causality between regional stock exchange development and economic growth in the West African Economic and Monetary Union (WAEMU) countries. We performed a homogeneous Granger non-causality with an autoregressive distributed lag model (ARDL) and Markov-switching analysis, using six indicators for the stock and financial market and six for control. The results showed a close economic relationship between WAEMU countries and causality from the regional stock exchange, which supports the supply leading hypothesis. The causality was confirmed in the short and long run, depending on the variable. The causal relationships that support the demand-driven hypothesis were recorded from the economic growth for four market measurements.

scholarly journals CO2 Emissions and Economic Growth in the West African Economic and Monetary Union (WAEMU) Countries

2017 ◽  
Vol 6 (2) ◽  
pp. 174 ◽  
Author(s):  
Youmanli Ouoba
Keyword(s):  
Co2 Emissions ◽  
Monetary Union ◽  
Trade Openness ◽  
Test Procedure ◽  
West African ◽  
Economic And Monetary Union ◽  
Kuznets Curve ◽  
The West ◽  
The Government ◽  
Bound Test

The objective of this work is to address the validity of a quadratic environmental Kuznets curve (EKC) hypothesis in the West African Economic and Monetary Union (WAEMU) countries over the period 1970-2010. The bound test procedure is used to analyze the relationship between CO2 emissions and GDP. The results indicate that there is no long term relationship between these variables for the panel of 8 countries of the WAEMU. Similarly, the co-integration exists only in Benin, Mali and Togo. For the purposes of robustness check, additional variables (energy consumption and trade openness) and the Sasabuchi–Lind–Mehlum U test are used. The results confirm the validity of a quadratic carbon Kuznets curve only in Mali. Moreover, the validity of the "pollution havens" hypothesis suggests that the government of Mali should strengthen its environmental regulation policy to limit the influx of polluting industries in the country.

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