Renforcer l’efficacité de la convergence macroéconomique dans la CEMAC

Désiré Avom, Amadou Bobbo and Dieudonne Mignamissi ()

Revue d’économie du développement, 2015, vol. 23, issue 4, 43-81

Abstract: Within a multilateral monitoring framework, EMCCA countries have been pursuing the process of macroeconomic convergence since 1994. In this context, this paper seeks to illustrate if that process is economic growth-enhancing. To achieve this objective, use is made of an augmented Solow growth model. Results show that the implementation of the convergence criteria registered no significant effect on economic growth among member countries. These findings were largely attributable to the high degree of heterogeneity among EMCCA economies. Restructuring the existing multilateral monitoring mechanisms, with this in mind, would unleash the desired economic growth impact. Codes JEL: C33, C36, F020, O55.

Keywords: convergence; EMCCA; economic growth; instrumental variables; panel data (search for similar items in EconPapers)
JEL-codes: C33 C36 F02 O55 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=EDD_294_0043 (application/pdf)
http://www.cairn.info/revue-d-economie-du-developpement-2015-4-page-43.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:edddbu:edd_294_0043

Access Statistics for this article

More articles in Revue d’économie du développement from De Boeck Université Contact information at EDIRC.
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().