Fragility of State in Central African Republic: An Econometric Approach to Efficiency Understanding

Pacific Yapatake ()
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Pacific Yapatake: Yaounde, Cameroon

No 18/002, CEREDEC Working Papers from Centre de Recherche pour le Développement Economique (CEREDEC)

Abstract: A fragile state contributes to the underdevelopment of the nation and its consequences can be very devastating on the state’s cohesion. Characterized by high level of corruption which lead the country to an incessant political instability and continuous presence of foreign troops . This paper used the vector autoregressive model (VAR) covering the period of 2005-2015 to examine the impact of control of corruption on fragility of state in Central African Republic (CAR). The results show that control of corruption is significant and has negative impact on fragility of state in the short run. The impulse response shows a negative impact of control of corruption in short-run but positive in long-run on fragility of state. The policies implications of this fragility are that the CAR must pursue better governance as well as in the investment choices. Unless CAR leaders and citizens recognize their own fragility, things can only get worse.

Keywords: state’s fragility; control of corruption; VAR; policies; Central African Republic (search for similar items in EconPapers)
JEL-codes: A12 B22 C50 I O55 P37 (search for similar items in EconPapers)
Pages: 23
Date: 2018-01
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Forthcoming: Global Business Review

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http://publications.ceredec.org/RePEc/aby/aby-wpap ... African-Republic.pdf Revised version, 2018 (application/pdf)

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