Développement des Infrastructures de Télécommunication et Croissance Economique dans les Pays de l’UEMOA: une Analyse de la Causalité sur Données de Panel à partir d’un VECM

Telecommunication Infrastructure Development and Economic Growth in WAEMU Countries: a Causality Panel Analysis from VECM

Eudoxie Bessan Ayédoun and Christian Ayédoun

MPRA Paper from University Library of Munich, Germany

Abstract: Abstract. Telecommunication infrastructure development and economic growth in WAEMU countries: a causality panel analysis from a VECM This article examines the links between telecommunication infrastructure development and economic growth. The study covers WAEMU countries over the period 2000-2016. To avoid problems of multicollinearity, in addition to considering three indicators separately, we construct a composite index obtained from a principal component analysis (PCA) to measure telecommunication infrastructures. We use the autoregressive vector error correction (VECM) model to detect Granger causality. We find a long-term causal relationship between these variables and a unidirectional causality between the development of telecommunications infrastructure and short-term economic growth. From our results, we can conclude that with a large margin of potential growth in telecommunications infrastructure, WAEMU governments should strongly encourage policies to expand access and reduce costs, particularly in regards to the internet and mobile phone services.

Keywords: Telecommunication infrastructure; economic growth; ACP; WAEMU; VECM panel. (search for similar items in EconPapers)
JEL-codes: O11 O31 O55 (search for similar items in EconPapers)
Date: 2020-11, Revised 2021-02-01
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