Analysis of Industry Drivers in ECOWAS

Cyril Manga, Daniela Ancuta Sarpe and Babacar Ndiaye
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Cyril Manga: Cheikh Anta Diop university of Dakar, Senegal
Daniela Ancuta Sarpe: Dunarea de Jos University of Galati, Romania
Babacar Ndiaye: Amadou Mahtar MBOW University, Senegal

Risk in Contemporary Economy, 2023, 115-127

Abstract: Because of the pivotal role that industrialization could play in a nation’s economic, this study empirically analyzes the industry drivers in ECOWAS. The analysis covers the period 2007 – 2020 and uses the econometric tool via the fixed effects model. The results obtained indicate that the imports and exports of goods and services, proportion of the population with access to electricity, and the benefits from natural resources could be considered as efficient tools for the process, acceleration and consolidation of industrialization in ECOWAS. In these circumstances, the ECOWAS leader’s policies to industrialize the region should be directed to the imports and exports of goods and services, the proportion of the population with access to electricity, and the benefits from natural resources.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fserec:y:2023:p:115-127

DOI: 10.35219/rce20670532154

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