The objective of this work is to address the validity of a quadratic environmental Kuznets curve (EKC) hypothesis in the West African Economic and Monetary Union (WAEMU) countries over the period 1970-2010. The bound test procedure is used to analyze the relationship between CO2 emissions and GDP. The results indicate that there is no long term relationship between these variables for the panel of 8 countries of the WAEMU. Similarly, the co-integration exists only in Benin, Mali and Togo. For the purposes of robustness check, additional variables (energy consumption and trade openness) and the Sasabuchi–Lind–Mehlum U test are used. The results confirm the validity of a quadratic carbon Kuznets curve only in Mali. Moreover, the validity of the "pollution havens" hypothesis suggests that the government of Mali should strengthen its environmental regulation policy to limit the influx of polluting industries in the country.
Of the four current schemes for international economic integration in West Africa, the operation of the Communauté économique de l'Afrique de l'Ouest has been recently reviewed, the Economic Community of West African States continues to be widely discussed, while the agreement of the Presidents of Senegal and Gambia in Dakar on 17 December 1981 to establish a Senegambian Confederation, and to develop an economic and monetary union between the two countries, is as yet in its formative stages. This article examines the structure, progress, and potential of the Mano River Union (M.R.U.) about which little has been published.
The study deals with the antitrust sanctions of the West African Economic and Monetary Union (Union Economique et Monétaire Ouest Africaine - UEMOA) and its member states, which was taken from EU law as a legal transplant. Differences to EU law are elaborated and, in particular, areas are identified in which UEMOA-specific problems require a different interpretation of sanctions law in the interest of effective protection of competition. In addition, the difficulties of implementation are highlighted and far-reaching and comprehensive measures are proposed, oriented towards European antitrust sanctions law, in order to achieve a more efficient prosecution of antitrust violations.
The West African Economic and Monetary Union (WAEMU) moved to adopt Basel II and III standards in 2016 after implementing Basel I for many years. Given the weak development of the financial sector in the Union and its poor connectedness to the international financial system, this reform was unexpected. The adoption of Basel standards has been championed by the Central Bank of West African States (BCEAO), under the influence of the IMF, which has strongly encouraged implementation. National governments and domestically oriented banks have not played an active role, complicating the implementation and enforcement of the new regulations. The central bank is embedded in regulatory peer networks, has close links with the IMF, and is insulated from domestic political pressure because of its supranational position.
CO2 Emissions and Economic Growth in the West African Economic and Monetary Union (WAEMU) Countries