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
Table of Contents:
  • "Contents"; "I. INTRODUCTION"; "II. THEORETICAL BACKGROUND AND EMPIRICAL METHODOLOGY"; "A. Conceptual Framework for Growth Dynamics and Convergence in the WAEMU"; "B. Alternative Empirical Models for Estimating Growth and Convergence Speed"; "III. EMPIRICAL RESULTS"; "A. Statistical Properties of the Variables"; "B. The Basic Solow Model and Its Augmented Version"; "C. What Drives TFP and TFP Growth in WAEMU?"; "IV. CONCLUSIONS AND POLICY IMPLICATIONS"; "REFERENCES"; "MAIN ELEMENTS OF A NEOCLASSICAL TYPE GROWTH MODEL"
  • "ESTIMATION ISSUES, AND INCONSISTENCY DUE TO IGNORED HETEROGENEITY"TESTING THE PRESENCE OF UNIT ROOT IN PANEL DATA"; "SENSIBILITY OF RESULTS TO ECONOMETRIC METHODOLOGY"

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