Determinants of Economic Growth in a Least Developed Country: Time Series Analysis for Niger

Mahamane Moutari Abdou Baoua and Ahmet Ay

MPRA Paper from University Library of Munich, Germany

Abstract: This study investigates the determinants of economic growth in Niger by using data for the period of 1971-2018. According to the results of the Johansen co-integration test, there is long-term relationship between the variables and Capital formation, Trade openness, Labor force and Government expenditure have a positive impact on economic growth. However, the effect of inflation and Technology on economic growth is negative. According to the results of Vector Error Correction Model (VECM), there is long-run causal relationship from capital formation, technology, trade openness, labor force, inflation and government expenditure to the economic growth. The results of cointegration and VECM emphasize that Capital formation, Trade openness, Labor force and Government expenditure are the longterm determinants of economic growth in Niger. Niger should reform the education, agriculture and industrial production regardless of natural resources. Nigerien economy needs to move towards agriculture and manufacturing sector, despite its dependence on uranium. We also suggested that a new "Five-Year Development Program" should implement projects that will stimulate the economy.

Keywords: determinants of economic growth; Niger; time series analysis (search for similar items in EconPapers)
JEL-codes: C22 E01 O47 O55 (search for similar items in EconPapers)
Date: 2022-09
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Published in International Social and Economic Research Student Congress 5 (2023): pp. 290-306

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:125741

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