Growth and convergence in WAEMU countries /

Growth and convergence in WAEMU countries /

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Bibliographic Details
Author / Creator:	Wane, Abdoul Aziz, author.
Imprint:	[Washington D.C.] : International Monetary Fund, ©2004.
Description:	1 online resource (35 pages) : illustrations.
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/04/198 IMF working paper ; WP/04/198.
Subject:	Union économique et monétaire ouest africaine. Union économique et monétaire ouest africaine. Convergence (Economics) -- Africa, West. Convergence (Economics) Economic history. Economic policy. Africa, West -- Economic conditions. Africa, West -- Economic policy. West Africa. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12497665

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. African Department, issuing body.
ISBN:	1282041126 9781282041127 9781451905458 1451905459 9781451860092 1451860099
ISSN:	2227-8885
Notes:	"October 2004." At head of title: African Department. Includes bibliographical references. Restrictions unspecified Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	This paper investigates convergence and dynamic effects of human and physical capital on growth, in WAEMU countries. Using recently developed models for panel data and a growth accounting model, the study finds that growth is largely explained by changes in literacy rates and factor accumulation, but not by growth of total factor productivity (TFP). Nevertheless, the panel estimation identifies aid, government spending, credit to the private sector, and openness as positive determinants of TFP growth, and government deficits as a negative determinant. The study also finds that per capita income in lower-income WAEMU countries converge to per capita income in higher-income ones when economic policies are similar. These results suggest opportunities for policymakers to enhance growth and convergence.
Other form:	Print version: Wane, Abdoul Aziz. Growth and convergence in WAEMU countries. [Washington D.C.] : International Monetary Fund, ©2004
Standard no.:	10.5089/9781451905458.001

Description
Summary:	This paper investigates convergence and dynamic effects of human and physical capital on growth, in WAEMU countries. Using recently developed models for panel data and a growth accounting model, the study finds that growth is largely explained by changes in literacy rates and factor accumulation, but not by growth of total factor productivity (TFP). Nevertheless, the panel estimation identifies aid, government spending, credit to the private sector, and openness as positive determinants of TFP growth, and government deficits as a negative determinant. The study also finds that per capita income in lower-income WAEMU countries converge to per capita income in higher-income ones when economic policies are similar. These results suggest opportunities for policymakers to enhance growth and convergence.
Item Description:	"October 2004." At head of title: African Department.
Physical Description:	1 online resource (35 pages) : illustrations.
Format:	Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:	Includes bibliographical references.
ISBN:	1282041126 9781282041127 9781451905458 1451905459 9781451860092 1451860099
ISSN:	2227-8885 2227-8885 ;