Economics at your fingertips  


Blaise Gnimassoun ()

No 2018-11, EconomiX Working Papers from University of Paris Nanterre, EconomiX

Abstract: 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 resulting from French colonization. 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 is one of the most important in Africa, it has not led to significant economic growth in the Union. We propose measures to strengthen community transport infrastructures, which are essential to boost integration and its impact on the growth of 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.

Keywords: Regional integration; Monetary Union; Empirical growth model (search for similar items in EconPapers)
JEL-codes: F15 O47 E32 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac
Date: 2018
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
Working Paper: L’intégration de l’UEMOA est-elle pro-croissance ? (2018) Downloads
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:

Access Statistics for this paper

More papers in EconomiX Working Papers from University of Paris Nanterre, EconomiX Contact information at EDIRC.
Bibliographic data for series maintained by Valerie Mignon ().

Page updated 2018-12-12
Handle: RePEc:drm:wpaper:2018-11