African Monetary Unions and Competitiveness

Oluremi Davies Ogun ()
Additional contact information
Oluremi Davies Ogun: University of Ibadan

Chapter Chapter 14 in Monetary and Financial Systems in Africa, 2022, pp 315-342 from Springer

Abstract: Abstract In this chapter, we investigate the international competitiveness of African countries in functional monetary unions. For the reason of data unavailability, the analysis focused on country levels as opposed to zone levels. Accordingly, four competitiveness indices (real effective exchange rate, export-gross domestic product ratio, export-import ratio, and technological development) were computed for the countries and their Eurozone counterparts in a comparative context. The African countries lagged the Europeans on the first three measures but outperformed on the technological development index. Conditional convergence appeared thus satisfied, raising the hope for a brighter future.

Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sprchp:978-3-030-96225-8_14

Ordering information: This item can be ordered from
http://www.springer.com/9783030962258

DOI: 10.1007/978-3-030-96225-8_14

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().