scholarly journals An Investigation of the Long-Run and Causal Relationships between Economy Performance, Investment and Port Sector Productivity in Cote d’Ivoire

2015 ◽  
Vol 03 (04) ◽  
pp. 29-38
Author(s):  
China Flora Carine Anguibi
Keyword(s):  
Cote D'ivoire ◽  
Côte D’Ivoire ◽  
Causal Relationships ◽  
Cote D’Ivoire ◽  
Côte D'ivoire ◽  
Long Run

scholarly journals Financial Development and Economic Growth in Developing Countries

2018 ◽  
Vol 1 (2) ◽  
pp. p94
Author(s):  
Kando Serge Gbagbeu
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Cote D'ivoire ◽  
Côte D’Ivoire ◽  
Cote D’Ivoire ◽  
Vector Error Correction ◽  
Distributed Lag ◽  
Côte D'ivoire ◽  
Long Run ◽  
Short Run

In this study, we concern mainly about the short and long-run relationship between economic growth and financial development. We use a multi-steps methodology, namely the Autoregressive Distributed Lag (ARDL) approach and the Vector Error Correction Model (VECM) approach to test this relationship in Côte d’Ivoire from 1980 to 2014. Following our results, we conclude that there is a unidirectional causal relationship, both long run and short run, between GDP per capita and financial development index in Côte d’Ivoire running from economic growth to financial development.

scholarly journals Financial Development, Economic Growth and Energy Consumption Nexus in Cote d’Ivoire

2017 ◽  
Vol 6 (3) ◽  
pp. 1 ◽  
Author(s):  
Diby Kassi ◽  
Alireza Nasiri ◽  
A Jean Roland Edjoukou
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Financial Development ◽  
Cote D'ivoire ◽  
Côte D’Ivoire ◽  
Electricity Production ◽  
Development Economic ◽  
Cote D’Ivoire ◽  
Côte D'ivoire ◽  
Long Run

This paper examines the relationship between financial development, economic growth and energy consumption in Cote d’Ivoire over the period 1971-2011. To do so, the study first built a synthetic indicator of financial development through the principal component analysis technique (PCA) and used four energy sources such as electric power consumption, electricity production from renewable sources, electricity production from oil sources and electricity production from hydroelectric sources. Then, employing the autoregressive distributed lag (ARDL) bounds testing approach to cointegration, we find that there is a long run relationship between financial development, economic growth and energy consumption sources. Furthermore, the results of the vector error correction models (VECM) reveal unidirectional causality running from financial development to energy consumption sources, bidirectional causality between economic growth and energy consumption and unidirectional causality from financial development to economic growth in the long run. The mixed results are due to the use of different proxies for energy consumption. Accordingly, this paper recommends that policy makers should solicit the support of financial sector in order to solve energy problems and further the diversification of the energy consumption sources since financial development has a positive effect on energy consumption in long run. Moreover, government should develop public-private partnership (PPP) to stimulate economic growth, improve the access to energy and maintain a sustainable development in Cote d’Ivoire.

Sustainability of Public Debt and Economic Growth in Cote d’Ivoire: is There a Threshold Effect?

2020 ◽  
Vol 3 (3) ◽  
Author(s):  
Koffi Pokou
Keyword(s):  
Economic Growth ◽  
Cote D'ivoire ◽  
Public Debt ◽  
Côte D’Ivoire ◽  
Threshold Effect ◽  
Cote D’Ivoire ◽  
Threshold Autoregressive ◽  
Côte D'ivoire ◽  
Long Run ◽  
Short Run

The development of Ivorian public debt in recent years has raised concerns. Is its current level capable of boosting the economy or, on the contrary, being at the source of a recession? This paper analyzes the effect of the level of indebtedness on economic growth in Côte d’Ivoire using the Threshold Autoregressive (TAR) model over the period 1970-2018. The results obtained in the short run shed light on the no relationship between public debt and economic growth. In the long run, on the other hand, there is a bi-directional granger causality between public debt and the sustainability of economic growth. The non-linearity between the variables of interest has been studied and the results show the presence of a threshold effect: beyond 48.03 percent of GDP, any increase in public debt by 1% should reduce economic growth by 0.28%. Thus, the study questions the relevance of the criterion set by the WAEMU: public debt <70% of GDP.

scholarly journals Threshold Cointegration, Asymmetric Causality and Wagner’s Law: The African Experience Revisited

2017 ◽  
Vol 9 (5) ◽  
pp. 171 ◽  
Author(s):  
Yaya Keho
Keyword(s):  
Cote D'ivoire ◽  
Côte D’Ivoire ◽  
Threshold Cointegration ◽  
Cote D’Ivoire ◽  
Wagner’S Law ◽  
Côte D'ivoire ◽  
Long Run ◽  
Cointegration Tests ◽  
Short Run ◽  
Wagner's Law

This study re-examines the Wagner's law of public expenditure for six sub-Saharan African countries while relaxing the assumption of a symmetric adjustment process underlying standard cointegration tests and error-correction models. The empirical methodology uses threshold cointegration tests to establish that there is a long-run relationship between government expenditure and per capita GDP for five countries, with income being positively related to public spending. Furthermore, the results of asymmetric Granger-causality tests provide support for Wagner’s law in the long run for five countries (Cameroon, Cote d’Ivoire, Ghana, Kenya, and Senegal), while the Keynesian view holds only in the short run for three countries (Benin, Cameroon, and Cote d’Ivoire). The short run evidence for two countries (Kenya and Senegal) support both Wagner’s law and Keynesian view.

Population Growth and Economic Growth in Africa

2002 ◽  
Vol 18 (4) ◽  
pp. 315-329 ◽  
Author(s):  
Victor Ukpolo
Keyword(s):  
Economic Growth ◽  
Population Growth ◽  
Cote D'ivoire ◽  
Côte D’Ivoire ◽  
Developing Economies ◽  
Cote D’Ivoire ◽  
Côte D'ivoire ◽  
Long Run ◽  
Short Run ◽  
The Impact

There is a lack of consensus on the impact that population growth has on economic growth, even though this issue continues to be of utmost importance for policymaking, particularly in developing economies. This paper examines the causality between population growth and economic growth in Africa, using Johansen and Granger-causality models. Our results show that the variables are cointegrated, implying the existence of a long run relationship in Nigeria but not in Cote d’Ivoire. We also found a negative, long run causal relationship between the two variables in Nigeria: population growth negatively affects economic growth in the long term. In Cote d’Ivoire, our results show that population growth causes economic growth in the short run.

scholarly journals The Econometric Estimation of Macroeconomic Effect of Financial Development on Economic Growth in Cote d’Ivoire: A Long and Short Run Analysis, 1970-2014

2016 ◽  
Vol 8 (7) ◽  
pp. 284
Author(s):  
Drama Bédi Guy Hervé
Keyword(s):  
Economic Growth ◽  
Error Correction ◽  
Financial Development ◽  
Cote D'ivoire ◽  
Côte D’Ivoire ◽  
Series Data ◽  
Cote D’Ivoire ◽  
Côte D'ivoire ◽  
Long Run ◽  
Short Run

The aim of this article was to investigate empirically the link between financial development and economic growth in Cote d’Ivoire using time series data covering the period of 1970-2014, both in short and long run. The Error correction model and cointegration method were performed to capture the short and long run dynamics of this relationship respectively. The cointegration test result showed evidence of long-run and significant causal between financial development and economic growth in Cote d’Ivoire during the study period. Furthermore, the coefficient of the error correction term (ECT) in the short-run dynamic model was statistically insignificant with inappropriate sign and weak. Consequently, the empirical evidence suggests that countries authorities should promote domestic private credit to boost liquidity level to ensure long-term price stability and strengthen local industries production capacities.

scholarly journals An Analysis of Long Run Determinants on Domestic Private Investment in Côte d'Ivoire

2016 ◽  
Vol 12 (28) ◽  
pp. 240
Author(s):  
Nahousse Diabate
Keyword(s):  
Cote D'ivoire ◽  
Côte D’Ivoire ◽  
Public Investment ◽  
Private Investment ◽  
Bounds Testing ◽  
Negative Effects ◽  
Cote D’Ivoire ◽  
Distributed Lag ◽  
Côte D'ivoire ◽  
Long Run

This study aims to model the long run determinants of domestic private investment in Côte d'Ivoire. Advanced econometric technique of Auto-Regressive Distributed Lag (ARDL) bounds testing approach is employed. Data from our study covers the period from 1970 to 2012. The results indicate that public investment, foreign direct investment, trade are the major determinants of short run and long run domestic private investment in Côte d'Ivoire while the real GDP growth rate and the interest rate are statistically insignificant. Thus, efforts should be geared to the development of necessary public investments in infrastructure such as supply constant electricity, good highways and elimination of the negative effects of external shocks engendered by the investment uncertainty and the deterioration of terms of trade.

scholarly journals Asymmetric Effects of Real Exchange Rate on Trade Balance in Cote d’Ivoire: Evidence from Nonlinear ARDL Approach

2021 ◽  
Vol 8 (3) ◽  
pp. 9
Author(s):  
Yaya KEHO
Keyword(s):  
Exchange Rate ◽  
Real Exchange Rate ◽  
Cote D'ivoire ◽  
Trade Balance ◽  
Côte D’Ivoire ◽  
Cote D’Ivoire ◽  
Distributed Lag ◽  
Nonlinear Ardl ◽  
Côte D'ivoire ◽  
Long Run

This paper analyses the effects of real exchange rate on the trade balance in Cote d’Ivoire using times series from 1975 to 2017. Although many studies have investigated this issue, most of them assume that this relationship is symmetric. This paper relaxes this assumption employing the nonlinear autoregressive distributed lag (ARDL) model by Shin, Yu and Greenwood-Nimmo (2014). The results show that trade balance responds stronger to negative shocks in real exchange rate than to positive ones in the long-run, while the short-run response of trade balance is symmetric. 

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