Economic convergence in the West African Economic and Monetary Union: a new analysis
AbstractThis paper uses a structural approach to analyse economic convergence within the West African Economic and Monetary Union (WAEMU) countries. This Regional Economic Community has recorded several postponements of the convergence horizon defined by the Economic Commission. However, it is a fra...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2024-12-01
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| Series: | Cogent Economics & Finance |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/23322039.2024.2308671 |
| _version_ | 1797324271443247104 |
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| author | Doukouré Charles Fe Adou Christian Konin Akra Mohaye Marius N'Guessan |
| author_facet | Doukouré Charles Fe Adou Christian Konin Akra Mohaye Marius N'Guessan |
| author_sort | Doukouré Charles Fe |
| collection | DOAJ |
| description | AbstractThis paper uses a structural approach to analyse economic convergence within the West African Economic and Monetary Union (WAEMU) countries. This Regional Economic Community has recorded several postponements of the convergence horizon defined by the Economic Commission. However, it is a framework that is supposed to lead to economic growth and living conditions. So, we estimate a structural convergence model over 1996–2021 for the WAEMU panel of countries. We apply the Generalized Moment Method to address the endogeneity issue in evaluating the coefficient. The analysis confirms no economic convergence within WAEMU countries during this period. This finding means that the economic structures of the WAEMU countries do not come closer over time. Therefore, policymakers must continue implementing initiatives to harmonise regional policies and reinvigorate the regional economic program. |
| first_indexed | 2024-03-08T05:53:41Z |
| format | Article |
| id | doaj.art-748c034c9fd4441a925ed0048868e542 |
| institution | Directory Open Access Journal |
| issn | 2332-2039 |
| language | English |
| last_indexed | 2024-03-08T05:53:41Z |
| publishDate | 2024-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Economics & Finance |
| spelling | doaj.art-748c034c9fd4441a925ed0048868e5422024-02-05T05:37:29ZengTaylor & Francis GroupCogent Economics & Finance2332-20392024-12-0112110.1080/23322039.2024.2308671Economic convergence in the West African Economic and Monetary Union: a new analysisDoukouré Charles Fe0Adou Christian Konin1Akra Mohaye Marius N'Guessan2Enseignant-chercheur à l’Ecole Nationale Supérieure de Statistique et d’Economie Appliquée (ENSEA) d’Abidjan, Chercheur sénior à la Cellule d’Analyse de Politique Economique du Centre Ivoirien de Recherches Economiques et Sociales (CAPEC), Abidjan, Ivory CoastElève Ingénieur Statisticien Economiste à l’Ecole Nationale Supérieure de Statistique et d’Economie Appliquée (ENSEA) d’Abidjan, Abidjan, Ivory CoastElève Ingénieur Statisticien Economiste à l’Ecole Nationale Supérieure de Statistique et d’Economie Appliquée (ENSEA) d’Abidjan, Abidjan, Ivory CoastAbstractThis paper uses a structural approach to analyse economic convergence within the West African Economic and Monetary Union (WAEMU) countries. This Regional Economic Community has recorded several postponements of the convergence horizon defined by the Economic Commission. However, it is a framework that is supposed to lead to economic growth and living conditions. So, we estimate a structural convergence model over 1996–2021 for the WAEMU panel of countries. We apply the Generalized Moment Method to address the endogeneity issue in evaluating the coefficient. The analysis confirms no economic convergence within WAEMU countries during this period. This finding means that the economic structures of the WAEMU countries do not come closer over time. Therefore, policymakers must continue implementing initiatives to harmonise regional policies and reinvigorate the regional economic program.https://www.tandfonline.com/doi/10.1080/23322039.2024.2308671Economic convergencestructural characteristicsgrowthincome disparityDevelopmentYamini Sharma |
| spellingShingle | Doukouré Charles Fe Adou Christian Konin Akra Mohaye Marius N'Guessan Economic convergence in the West African Economic and Monetary Union: a new analysis Cogent Economics & Finance Economic convergence structural characteristics growth income disparity Development Yamini Sharma |
| title | Economic convergence in the West African Economic and Monetary Union: a new analysis |
| title_full | Economic convergence in the West African Economic and Monetary Union: a new analysis |
| title_fullStr | Economic convergence in the West African Economic and Monetary Union: a new analysis |
| title_full_unstemmed | Economic convergence in the West African Economic and Monetary Union: a new analysis |
| title_short | Economic convergence in the West African Economic and Monetary Union: a new analysis |
| title_sort | economic convergence in the west african economic and monetary union a new analysis |
| topic | Economic convergence structural characteristics growth income disparity Development Yamini Sharma |
| url | https://www.tandfonline.com/doi/10.1080/23322039.2024.2308671 |
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