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Private Sector Development in West Africa

Part of the Advances in African Economic, Social and Political Development Book Series

Editors: Seck, Diery

DOI: 10.1007/978-3-319-05188-8

ISBN: 978-3-319-05187-1

Publisher: Springer International Publishing - Springer Journals

May 16, 2014

1 - 10 of 10 Chapters

LitStream

Proposed Architecture for an ECOWAS Common Currency Union

Seck, Diery

Pages: 3 –30

[The present study seeks to propose architecture for an ECOWAS common currency union. It takes into account the diversity of current currency arrangements in the sub-region, the disparity of country sizes and of volatility of key macroeconomic variables. Furthermore, some central banks of members...
LitStream

The Quest for a Monetary Union in ECOWAS: An Econometric Test for Convergence of Countries

Ndiaye, Mohamed Ben Omar; Korsu, Robert Dauda

Pages: 31 –59

[The objective of the study is to investigate within an econometric framework the existence of nominal and real convergence among the ECOWAS countries, the WAMZ countries, the WAMZ countries plus Cape Verde, as well as between each non-UEMOA country and the UEMOA zone. Quarterly data from 2000 to...
LitStream

Fiscal and Monetary Policy Coordination in the WAMZ: Implications for Member States’ Performance on the Convergence Criteria

Englama, Abwaku; Tarawalie, Abu Bakarr; Ahortor, Christian R. K.

Pages: 61 –94

[There have been persistent high fiscal deficits, inflation and interest rates in Member States of the West African Monetary Zone (WAMZ). Thus, inflation and fiscal deficit criteria are the most difficult to satisfy in the Zone. This study, therefore, seeks to investigate the level of...
LitStream

Private Sector Development and Economic Diversification: Evidence from West African States

Ekpo, Akpan H.; Afangideh, Udoma J.; Udoh, Elijah A.

Pages: 97 –110

[The likely gains from economic diversification in developing countries have been well discussed in the literature. The general consensus is that a diverse economy, based on a wide range of profitable sectors instead of one or a few, is key to building sustainable development and providing new...
LitStream

The Integration of Africa: Commodity Based Industrialization Examined

Omosegbon, Oladele; Okeke, Charles

Pages: 111 –128

[The 2013 Economic Report on Africa, ERA, boldly suggests a commodity-based strategy for creating jobs, for increasing growth and for transforming African economies (UNECA, 2013). This is not the first time African countries have flirted with development strategies ranging from export led growth...
LitStream

Do Inequality-Based Entry Barriers Deter the Formation of Female-Owned Firms in Nigeria?

Bussey, Tiffany R.; Elu, Juliet U.; Price, Gregory N.

Pages: 129 –138

[In this paper, we consider the role of inequality-based entry barriers on the formation of female-owned firms in Nigeria. With data from the 2010 World Enterprise Survey, we estimate the parameters of a simple model of female-owned firm entry to determine the role of inequality-based barriers on...
LitStream

Financial Constraints and Private Sector Development Within the ECOWAS

Gaye, Amie

Pages: 141 –164

[The paper postulates that limited finance is the primary impediment to private sector development and proceeds to highlight this using an endogenous growth model in a panel data framework of ECOWAS countries. The significance of finance in spurring growth has been initially debated upon and...
LitStream

Brand Africa and Sustainable Development: Evidence from the Field

Muzanenhamo, Penelope

Pages: 165 –186

[The concept of brand Africa is floated by diverse social actors in academia, international institutions, mainstream media and social media networks, with a myriad of views on what it is being exchanged. Moreover, brands are only ‘brands’ on the condition that they generate some form of...
LitStream

The Role of the State in Promoting Regional Integration and Private Sector Development

Mbate, Michael M.

Pages: 187 –198

[The private sector remains an essential component of an economy’s development process, with positive impact on development challenges such as job creation and inclusive growth. This paper investigates the determinants of private investment in a panel of 14 West African countries from 1985 to...
LitStream

Corruption in Government Procurement: On the Motivations of Small and Medium Enterprises in Burkina Faso

Akouwerabou, B. D.

Pages: 199 –216

[Corruption appears to be a very harmful and destroying factor to any economy for countless reasons. The deterioration of social well being, one of those reasons is due to the worst execution and achievement of some public infrastructures. And corruption begets most of the time bankruptcy of many...

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