Relation inflation-croissance dans l’Union Economique et Monétaire Ouest-Africaine (UEMOA): Recherche d’une nouvelle preuve de causalité

Infation-growth relationship in the West African Economic and Monetary Union (WAEMU): Search for new proof of causality

Damien J. Agboton

MPRA Paper from University Library of Munich, Germany

Abstract: In this article, we use recently developed panel causality and cointegration techniques to examine the long-run relationship between inflation and economic growth of the 8 WAEMU countries. A panel of 256 observations was therefore constituted from the IMF (WDI) and BCEAO database. Our results highlight a unidirectional causality between inflation and economic growth and support the view that public spending controls can reduce inflation. Economic growth is the main channel through which economic policy can influence inflation. Furthermore, improving the quality of the workforce can further strengthen economic growth.

Keywords: Inflation; Economic; growth; Panel; causality; Panel; cointegration; WAEMU (search for similar items in EconPapers)
JEL-codes: E3 E31 E52 E58 E6 E66 (search for similar items in EconPapers)
Date: 2024-05-24, Revised 2024-05-27
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:121086

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