Economic growth across differently integrated areas: a Comparative study of CEMAC and CEPGL

Josue Gasindikira

MPRA Paper from University Library of Munich, Germany

Abstract: This study highlights, through the panel data approach, some economic growth’s determinants for Economic and Monetary Community of Central Africa (CEMAC) and economic Community of the Great Lakes Countries (CEPGL) countries from 2000 to 2018. The methodology relied on the within estimator and the Generalized Least Squares (GLS) estimator. The results indicate that Official Development Assistance (ODA) contributes significantly to economic growth within these two zones. However, the inflation rate is harmful for the CEPGL only. This situation would be caused by the fact that CEPGL is not yet a monetary zone. For CEMAC, capital has a significantly positive effect while the impact of trade openness is negative on the economic growth of these countries. Thus, relevant policies must be framed to improve economic growth levels within these zones, especially economic integration and good governance’s policies.

Keywords: Economic growth; Economic integration; Panel; Within; GLS. (search for similar items in EconPapers)
JEL-codes: C23 F15 O47 O55 (search for similar items in EconPapers)
Date: 2024-09-30
New Economics Papers: this item is included in nep-fdg
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https://mpra.ub.uni-muenchen.de/126317/1/MPRA_paper_126317.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/126603/1/MPRA_paper_126317.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/126603/3/MPRA_paper_126603.pdf revised version (application/pdf)

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