Population Growth and Economic Growth in Africa

2002 ◽  
Vol 18 (4) ◽  
pp. 315-329 ◽  
Author(s):  
Victor Ukpolo
Keyword(s):  
Economic Growth ◽  
Population Growth ◽  
Cote D'ivoire ◽  
Côte D’Ivoire ◽  
Developing Economies ◽  
Cote D’Ivoire ◽  
Côte D'ivoire ◽  
Long Run ◽  
Short Run ◽  
The Impact

There is a lack of consensus on the impact that population growth has on economic growth, even though this issue continues to be of utmost importance for policymaking, particularly in developing economies. This paper examines the causality between population growth and economic growth in Africa, using Johansen and Granger-causality models. Our results show that the variables are cointegrated, implying the existence of a long run relationship in Nigeria but not in Cote d’Ivoire. We also found a negative, long run causal relationship between the two variables in Nigeria: population growth negatively affects economic growth in the long term. In Cote d’Ivoire, our results show that population growth causes economic growth in the short run.

scholarly journals Financial Development and Economic Growth in Developing Countries

2018 ◽  
Vol 1 (2) ◽  
pp. p94
Author(s):  
Kando Serge Gbagbeu
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Cote D'ivoire ◽  
Côte D’Ivoire ◽  
Cote D’Ivoire ◽  
Vector Error Correction ◽  
Distributed Lag ◽  
Côte D'ivoire ◽  
Long Run ◽  
Short Run

In this study, we concern mainly about the short and long-run relationship between economic growth and financial development. We use a multi-steps methodology, namely the Autoregressive Distributed Lag (ARDL) approach and the Vector Error Correction Model (VECM) approach to test this relationship in Côte d’Ivoire from 1980 to 2014. Following our results, we conclude that there is a unidirectional causal relationship, both long run and short run, between GDP per capita and financial development index in Côte d’Ivoire running from economic growth to financial development.

Sustainability of Public Debt and Economic Growth in Cote d’Ivoire: is There a Threshold Effect?

2020 ◽  
Vol 3 (3) ◽  
Author(s):  
Koffi Pokou
Keyword(s):  
Economic Growth ◽  
Cote D'ivoire ◽  
Public Debt ◽  
Côte D’Ivoire ◽  
Threshold Effect ◽  
Cote D’Ivoire ◽  
Threshold Autoregressive ◽  
Côte D'ivoire ◽  
Long Run ◽  
Short Run

The development of Ivorian public debt in recent years has raised concerns. Is its current level capable of boosting the economy or, on the contrary, being at the source of a recession? This paper analyzes the effect of the level of indebtedness on economic growth in Côte d’Ivoire using the Threshold Autoregressive (TAR) model over the period 1970-2018. The results obtained in the short run shed light on the no relationship between public debt and economic growth. In the long run, on the other hand, there is a bi-directional granger causality between public debt and the sustainability of economic growth. The non-linearity between the variables of interest has been studied and the results show the presence of a threshold effect: beyond 48.03 percent of GDP, any increase in public debt by 1% should reduce economic growth by 0.28%. Thus, the study questions the relevance of the criterion set by the WAEMU: public debt <70% of GDP.

scholarly journals The Econometric Estimation of Macroeconomic Effect of Financial Development on Economic Growth in Cote d’Ivoire: A Long and Short Run Analysis, 1970-2014

2016 ◽  
Vol 8 (7) ◽  
pp. 284
Author(s):  
Drama Bédi Guy Hervé
Keyword(s):  
Economic Growth ◽  
Error Correction ◽  
Financial Development ◽  
Cote D'ivoire ◽  
Côte D’Ivoire ◽  
Series Data ◽  
Cote D’Ivoire ◽  
Côte D'ivoire ◽  
Long Run ◽  
Short Run

The aim of this article was to investigate empirically the link between financial development and economic growth in Cote d’Ivoire using time series data covering the period of 1970-2014, both in short and long run. The Error correction model and cointegration method were performed to capture the short and long run dynamics of this relationship respectively. The cointegration test result showed evidence of long-run and significant causal between financial development and economic growth in Cote d’Ivoire during the study period. Furthermore, the coefficient of the error correction term (ECT) in the short-run dynamic model was statistically insignificant with inappropriate sign and weak. Consequently, the empirical evidence suggests that countries authorities should promote domestic private credit to boost liquidity level to ensure long-term price stability and strengthen local industries production capacities.

scholarly journals Financial Development, Economic Growth and Energy Consumption Nexus in Cote d’Ivoire

2017 ◽  
Vol 6 (3) ◽  
pp. 1 ◽  
Author(s):  
Diby Kassi ◽  
Alireza Nasiri ◽  
A Jean Roland Edjoukou
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Financial Development ◽  
Cote D'ivoire ◽  
Côte D’Ivoire ◽  
Electricity Production ◽  
Development Economic ◽  
Cote D’Ivoire ◽  
Côte D'ivoire ◽  
Long Run

This paper examines the relationship between financial development, economic growth and energy consumption in Cote d’Ivoire over the period 1971-2011. To do so, the study first built a synthetic indicator of financial development through the principal component analysis technique (PCA) and used four energy sources such as electric power consumption, electricity production from renewable sources, electricity production from oil sources and electricity production from hydroelectric sources. Then, employing the autoregressive distributed lag (ARDL) bounds testing approach to cointegration, we find that there is a long run relationship between financial development, economic growth and energy consumption sources. Furthermore, the results of the vector error correction models (VECM) reveal unidirectional causality running from financial development to energy consumption sources, bidirectional causality between economic growth and energy consumption and unidirectional causality from financial development to economic growth in the long run. The mixed results are due to the use of different proxies for energy consumption. Accordingly, this paper recommends that policy makers should solicit the support of financial sector in order to solve energy problems and further the diversification of the energy consumption sources since financial development has a positive effect on energy consumption in long run. Moreover, government should develop public-private partnership (PPP) to stimulate economic growth, improve the access to energy and maintain a sustainable development in Cote d’Ivoire.

scholarly journals Estimation of the Impact of Monetary Policy on Economic Growth: The Case of Cote d’Ivoire in Line with SVAR Methodology

2017 ◽  
Vol 4 (4) ◽  
pp. 66
Author(s):  
Drama Bédi Guy Hervé
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Cote D'ivoire ◽  
Côte D’Ivoire ◽  
Cote D’Ivoire ◽  
Côte D'ivoire ◽  
The Impact

This paper examines and foresees the impacts of monetary policy on economic growth by studying the case of Cote d’Ivoire through the

scholarly journals Foreign Direct Investment and Economic Growth in Cote D’Ivoire: A Time Series Analysis

2015 ◽  
Vol 5 (2) ◽  
pp. 35 ◽  
Author(s):  
Kyle A. Johnston ◽  
Miguel D. Ramirez
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Error Correction ◽  
Cote D'ivoire ◽  
Direct Investment ◽  
Côte D’Ivoire ◽  
Cote D’Ivoire ◽  
Côte D'ivoire ◽  
Negative Effect ◽  
The Impact

<p class="ber"><span lang="EN-GB">This paper investigates the impact of foreign direct investment (FDI) inflows on economic growth in Cote D’Ivoire during the 1975-2011 period. The selection of this African nation is motivated by the rapid inflows it has experienced over the past decade. Using unit root and cointegration analysis, the resulting error correction model (ECM) suggests that gross fixed capital formation (GFCF) has a short-run positive impact on economic growth, while FDI, the repatriation of net income abroad, and periods involving structural breaks, have a negative effect on economic growth in Cote D’Ivoire. In addition, the negative error correction term indicates that deviations from long-run per capita growth during the current year are corrected relatively quickly in the following year, c<em>eteris paribus</em>. The unexpected negative effect of FDI on economic growth may be due to the significant repatriation of profits and dividends the country has experienced in recent years. </span></p>

scholarly journals Developpemnt Du Capital Humain, Croissance Economique Et Bien-Etre En Côte d’Ivoire

2016 ◽  
Vol 12 (34) ◽  
pp. 251
Author(s):  
Seydou Koné
Keyword(s):  
Economic Growth ◽  
Cote D'ivoire ◽  
Côte D’Ivoire ◽  
Public Spending ◽  
Well Being ◽  
Public Expenditures ◽  
Cote D’Ivoire ◽  
Education And Health ◽  
Côte D'ivoire ◽  
The Impact

This paper assesses human capital development policies and their impact on economic growth and households’ well-being in Côte d'Ivoire. A dynamic computable general equilibrium model was used to measure the impact of public spending on education and health policies as predicted by the government and then the effects of a larger increase of those spending on economic growth and household welfare in Côte d'Ivoire. The simulations results show that public spending in education and health has positive impacts on education and health demands, on the improvement of labor’s factor quality and on the productive capacities of poor and vulnerable households. The results also show that there is a positive correlation between public expenditures on education and health, economic growth and welfare in Côte d'Ivoire.

scholarly journals Threshold Cointegration, Asymmetric Causality and Wagner’s Law: The African Experience Revisited

2017 ◽  
Vol 9 (5) ◽  
pp. 171 ◽  
Author(s):  
Yaya Keho
Keyword(s):  
Cote D'ivoire ◽  
Côte D’Ivoire ◽  
Threshold Cointegration ◽  
Cote D’Ivoire ◽  
Wagner’S Law ◽  
Côte D'ivoire ◽  
Long Run ◽  
Cointegration Tests ◽  
Short Run ◽  
Wagner's Law

This study re-examines the Wagner's law of public expenditure for six sub-Saharan African countries while relaxing the assumption of a symmetric adjustment process underlying standard cointegration tests and error-correction models. The empirical methodology uses threshold cointegration tests to establish that there is a long-run relationship between government expenditure and per capita GDP for five countries, with income being positively related to public spending. Furthermore, the results of asymmetric Granger-causality tests provide support for Wagner’s law in the long run for five countries (Cameroon, Cote d’Ivoire, Ghana, Kenya, and Senegal), while the Keynesian view holds only in the short run for three countries (Benin, Cameroon, and Cote d’Ivoire). The short run evidence for two countries (Kenya and Senegal) support both Wagner’s law and Keynesian view.

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