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Accelerated Economic Growth in West Africa

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

Editors: Seck, Diery

DOI: 10.1007/978-3-319-16826-5

ISBN: 978-3-319-16825-8

Publisher: Springer International Publishing - Springer Journals

Apr 22, 2015

1 - 10 of 10 Chapters

LitStream

Impact of Common Currency Membership on West African Countries’ Enhanced Economic Growth

Seck, Diery

Pages: 3 –18

[In spite of their current high growth episode, the level of financing of West African economies is too low to ensure sustainable long term economic growth. Their domestic savings are insufficient and their access to foreign borrowing from official creditors is also low. For most countries...
LitStream

Growth Accounting in ECOWAS Countries: A Panel Unit Root and Cointegration Approach

Ndiaye, Mohamed Ben Omar; Korsu, Robert Dauda

Pages: 19 –35

[Long term economic growth is necessary for poverty reduction and it can be enhanced by increasing the productivity of factors of production. There have been various policy efforts to strengthen economic growth in the ECOWAS region but sustainable economic growth coupled with accelerated poverty...
LitStream

Growth Without Development in West Africa: Is It a Paradox?

Ekpo, Akpan H.

Pages: 37 –51

[In the last 15 years, countries in West Africa have had reasonable growth rates averaging about 5 %; growth has been propelled by high prices of commodity exports. The paper examined whether growth has resulted in economic development of the sub-region. The lack of consistent data on relevant...
LitStream

Group Formation and Growth Enhancing Variables: Evidence from Selected WAMZ Countries

Omotor, Douglason G.

Pages: 53 –73

[This paper sets out to empirically examine two issues. First, whether countries which belong in the same geographical area are apparently homogeneous and be pooled together in studying their growth drivers. Second and arising from the first, if homogeneity does not hold, what other growth...
LitStream

Revisiting the African Economic Growth Agenda: Focus on Inclusive and Pro-poor Growth?

Amponsah, William A.

Pages: 77 –103

[This paper determines whether the recent growth trajectory in Sub-Saharan Africa (SSA) has been inclusive and pro-poor and discusses potential policies in making growth more inclusive. The motivation for the study is that in the economic literature, economic growth is viewed as fundamental in...
LitStream

Freedom, Growth and Development: Evidence from West Africa

Omosegbon, Oladele

Pages: 105 –124

[Everywhere, economists and policy makers, as well as almost everyone involved in development, are calling for more growth as the best recipe to world’s problems of poverty, famine and many other social and economic malaises. In the case of West Africa, growth is even more alluring, now that...
LitStream

West Africa’s Economic Growth and Weakening Diversification: Rethinking the Role of Macroeconomic Policies for Industrialization

Agu, Chukwuma

Pages: 125 –153

[Despite the gains in growth, West Africa remains a very marginal (and fragile) player in the global economy. Neither the sterling growth performances nor the quadrupled commodity prices seem to have affected the region’s share of world export. This paper aims to question the coexistence (or even...
LitStream

Manufacturing Export, Infrastructure and Institutions: Reflections from ECOWAS

Efobi, Uchenna R.; Osabuohien, Evans S.

Pages: 157 –179

[This study examines the extent of manufacturing export in ECOWAS countries, how it has been affected by the extent of infrastructural development and the distilling role of institutions. In retrospect, we present stylized facts that proves that ECOWAS poor infrastructural development has largely...
LitStream

Industrial Policy and Structural Change: Some Policy Perspectives

Mbate, Michael

Pages: 181 –195

[Development thinking in most African countries is gradually shifting in favor of industrial policy. This paper examines the dynamics of industrial policy, with a special focus on West African countries. The paper then presents a comprehensive macroeconomic framework which can guide policy makers...
LitStream

Basic Infrastructure, Growth and Convergence in WAEMU

Ehuitché, Béké Tite

Pages: 197 –211

[The objective of this study is to analyze the role played by basic infrastructure in the growth and convergence of the economies of the West African Economic and Monetary Union (WAEMU). After a description of the dynamics of the basic infrastructure of WAEMU and a literature review on theories...

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