Per capita gross domestic product and welfare of Gabonese households: A VAR model with exogenous hypothesis
Additional contact information
Giscard Assoumou-Ella: CIREGED, Omar Bongo University, Gabon LEAD, University of Toulon, France
Theoretical and Applied Economics, 2019, vol. XXVI, issue 2(619), Summer, 185-204
The objective of the study is to analyze the effect of per capita gross domestic product on the monetary and qualitative well-being of Gabonese households. As a result, we use a VAR model with exogenous hypothesis. The results show that wealth creation observed in Gabon from 1980 to 2017 does not promote the monetary well-being of households. Its effect on qualitative well-being is ambiguous. In addition, well-being responses to interaction of per capita GDP impulses with those of the labor market lead to proposing to the government the adoption of economic policies that change the structure of the economy. Indeed, the distribution of the fruits of growth should go through the creation of jobs, while the Gabonese economy is currently driven by the primary sector with few job opportunities. The results obtained by making predictions with the scenarios of deterioration of the labor market also militate for this proposal.
Keywords: per capita GDP; monetary and qualitative well-being; VAR model with exogenous hypothesis. (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxvi:y:2019:i:2(619):p:185-204
Access Statistics for this article
Theoretical and Applied Economics is currently edited by Marin Dinu
More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania - AGER Contact information at EDIRC.
Bibliographic data for series maintained by Marin Dinu ().