L’intégration de l’UEMOA est-elle pro-croissance ?
Blaise Gnimassoun ()
Revue d'économie politique, 2019, vol. 129, issue 3, 355-390
Economists are divided on the effect of exchange rate regimes on economic growth. In this article we study the particular case of the West African Economic and Monetary Union (WAEMU), which is one of the oldest monetary unions in the world whose creation dates back to?1962. The objective is to study the impact of this integration on the economic growth of the region. To this end, we propose an empirical model of economic growth specific to the zone. We also address the problem of simultaneity bias between integration and growth relying on a gravity-based IV strategy. Our econometric results show that although West African regional integration has been one of the most successful in Africa, it has not led to significant economic growth in the Union. We propose a massive investment plan in the community transport infrastructure, which is essential to strengthen integration and its impact on the growth of the area. Classification JEL?: F15, F45, O47
Keywords: regional integration; monetary union; empirical growth model (search for similar items in EconPapers)
JEL-codes: F15 F45 O47 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Working Paper: L'intégration de l'UEMOA est-elle pro-croissance? (2019)
Working Paper: L'INTEGRATION DE L'UEMOA EST-ELLE PRO-CROISSANCE ? (2018)
Working Paper: L’intégration de l’UEMOA est-elle pro-croissance ? (2018)
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:cai:repdal:redp_293_0355
Access Statistics for this article
More articles in Revue d'économie politique from Dalloz
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().