Economic policy and population well-being in the DRC: an econometric verification using the ARDL approach

Politiques économiques et bien être de la population en RDC: une vérification économétrique par l'approche ARDL

Benjamin Kongolo () and Jean Claude Kabeya Kazadi
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Benjamin Kongolo: Université de Kinshasa, Université Pédagogique Nationale

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Abstract: The ultimate goal of economic policy is the well-being of the population. Referring to Nicholas Kaldor, the well-being of the population is to fight inflation, reduce unemployment, improve economic growth and balance the balance of payments. This work attempts to verify in the Congolese context the impact of economic policies on the well-being of the population. To achieve this, three (3) cyclical economic policies were used, namely monetary, budgetary and exchange rate policies. After econometric analysis using the ARDL model, the study came to the conclusion that the monetary policy implemented by the BCC does not achieve economic growth and improve the well-being of the population. As for budgetary policy and exchange rate policy, the analyses showed a positive but non-significant impact.

Keywords: Politique économique Bien être de la population Modèle ARDL Economic policy Population well-being ARDL model; Politique économique; Bien être de la population; Modèle ARDL Economic policy; Population well-being; ARDL model (search for similar items in EconPapers)
Date: 2024-07-27
Note: View the original document on HAL open archive server: https://hal.science/hal-04663364
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Published in 2024

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