Relationship between Inflation and Economic Growth in the West African Economic and Monetary Union (WAEMU): A Search for New Evidence of Causality

Damien Joseph 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-term relationship between inflation and economic growth in the 8 WAEMU countries. A panel of 256 observations was thus constituted from the IMF (WDI) and CBWAS 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: E2 E3 E31 (search for similar items in EconPapers)
Date: 2024-08-24
New Economics Papers: this item is included in nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:121814

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