scholarly journals The Impact of Chinese Trade and Investment on West African Economic Growth: A Spatial Econometrics Approach

2020 ◽  
Vol 10 (04) ◽  
pp. 142-153
Author(s):  
Hua Wilfried Serge Koffi
Keyword(s):  
Economic Growth ◽  
Spatial Econometrics ◽  
West African ◽  
Chinese Trade ◽  
The Impact ◽  
Trade And Investment

Bangladesh ties serve China's global strategy

2016 ◽  
Keyword(s):  
South Asia ◽  
Global Strategy ◽  
Content Type ◽  
China And India ◽  
Religious Extremism ◽  
Maritime Silk Road ◽  
Chinese Trade ◽  
The Impact ◽  
Trade And Investment ◽  
Opening Up

Subject China-Bangladesh ties. Significance Bangladesh sits at a strategic juncture in South Asia, bordering China's main rival for power in the region, India. It is also located along the route of the Maritime Silk Road, China's project for global connectivity reaching out to Africa and Europe. Its economy is growing, opening up opportunities for Chinese trade and investment. Impacts Religious extremism within Bangladesh will be a concern for China's firms. Bangladesh will benefit from Chinese interest and rivalry between China and India. Primarily of regional concern, security flare-ups would fuel global tensions, especially regarding the impact of China's rise.

scholarly journals Impact of Remittances on Economic Growth: Evidence from Selected West African Countries (Cameroon, Cape Verde, Nigeria and Senegal)

2015 ◽  
Vol 1 (2) ◽  
Author(s):  
Muriel Adarkwa ◽  
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
West African ◽  
Cape Verde ◽  
Series Data ◽  
African Countries ◽  
The World Bank ◽  
Negative Effect ◽  
The Impact ◽  
Positive Effect

Remittances from abroad play a key role in the development of many West African countries. Remittances tend to increase the income of recipients, reduce shortage of foreign exchange and help alleviate poverty. This research examines the impact of remittances on economic growth in four selected West African countries: Cameroon, Cape Verde, Nigeria and Senegal. Using developmentalist, structuralist and pluralist views on remittances, a linear regression was run on time series data from the World Bank database for the period 2000–2010. After a critical analysis of the impact of remittances on economic growth in these four countries, it was found that inflow of remittances to Senegal and Nigeria has a positive effect on these countries’ gross domestic product whereas for Cape Verde and Cameroon it had a negative effect. Cameroon benefitted the least from remittances and Nigeria benefitted the most within the period. One contribution of this study is the finding that remittance inflows need to be invested in productive sectors. Even if remittances continue to increase, without investment in productive sectors they cannot have any meaningful impact on economic growth in these countries.

scholarly journals Bank Excess Liquidity and Economic Growth in Waemu Countries: A Panel Data Approach

2018 ◽  
Vol 1 (2) ◽  
pp. 141
Author(s):  
PRAO Yao Seraphin
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
West African ◽  
Economic And Monetary Union ◽  
The West ◽  
Excess Liquidity ◽  
Bank Solvency ◽  
The Impact ◽  
Solvency Ratio ◽  
The Relationship

<p><em>This paper provides an empirical assessment of the relationship between banking, liquidity, investment, terms of trade, bank solvency ratio, financial development and economic growth in the WAEMU zone. The analysis focuses on 7 countries of the West African Economic and Monetary Union (WAEMU) and covers the period 1994-2015. Using the panel data approach, we show that economic growth is positively </em><em>related </em><em>with banking on liquidity. In addition, the results highlight the impact of bank liquidity on economic growth but mitigate when it is associated with the investment.</em></p>

scholarly journals THE SAVINGS-TRADE-FISCAL GAP MODEL: APPLICATION IN SELECTED WEST AFRICAN STATES

2017 ◽  
Author(s):  
Efayena Oba Obukohwo ◽  
Buzugbe Patricia Ngozi
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Policy Making ◽  
Government Expenditure ◽  
Negative Relationship ◽  
Estimation Method ◽  
West African ◽  
Gap Model ◽  
African Countries ◽  
The Impact

With most African economies experiencing adverse economic misalignment in recent times, the need of enhancing the growth process cannot be overemphasized. Using a typical Savings-Trade-Fiscal Gap Model, the paper employed panel data estimation method to examine the impact of savings, trade and fiscal gap on economic growth of 15 West African countries. The paper finds a negative relationship between net trade and economic growth, while savings and government expenditure impacts positively on economic performance. The paper thus, among recommended that it is appropriate for all countries to eliminate fiscal dominance from monetary policy-making, reduce public debt and establish institutions that promote and encourage counter-cyclical fiscal policy, develop their financial systems, establish credibility in fiscal and monetary policy-making as well as encourage trade.

scholarly journals Consumption-Savings Trade-Off in the Allocation of Migrants; Remittances and Economic Growth: The Cases of Burkina Faso and Senegal

2020 ◽  
pp. 11-20
Author(s):  
Samuel Maxime Coly ◽  
François Joseph Cabral
Keyword(s):  
Economic Growth ◽  
Burkina Faso ◽  
Computable General Equilibrium ◽  
Methodological Approach ◽  
West African ◽  
Economic And Monetary Union ◽  
Cge Modeling ◽  
Migrant Remittances ◽  
The Impact ◽  
Dynamic Computable General Equilibrium

The objective of this research is to assess the impact on growth of reallocating migrant remittances for savings/investment purposes. It focuses on two countries in the West African Economic and Monetary Union (WAEMU)' zone (Burkina Faso and Senegal). The methodological approach adopted is dynamic Computable General Equilibrium (CGE) modeling that integrates a procedure for reallocating remittances. Simulation results show that an increase in the propensity to save as a result of reallocation of remittances received by households for savings purposes leads to an increase in economic growth.

Impact of economic growth on carbon emissions in selected West African countries, 1980–2019

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Richard Osadume ◽  
Edih O. University
Keyword(s):  
Economic Growth ◽  
Carbon Emissions ◽  
Secondary Data ◽  
West African ◽  
World Bank Group ◽  
Economic Activities ◽  
African Region ◽  
African Countries ◽  
Content Type ◽  
The Impact

PurposeThis study investigated the impact of economic growth on carbon emissions on selected West African countries between 1980 and 2019. Simon-Steinmann's economic growth model provides the relevant theoretical foundation. The main objective of this study was to ascertain whether economic growth will impact carbon emissions.Design/methodology/approachThe study selected six-sample countries in West Africa and used secondary data obtained through the World Bank Group online database covering the period 1980–2019, employing panel econometric methods of statistical analysis.FindingsThe outcome indicates that the independent variable showed a positively significant impact on the dependent variable for the pooled samples in the short-run, with significant cointegration.Research limitations/implicationsThe study concluded that economic growth significantly impacts the emissions of carbon, and a 1% rise in economic growth will result to 3.11121% unit rise in carbon emissions.Practical implicationsPolicy implementation should encourage the use of energy efficient facilities by firms and government and the establishment of carbon trading hubs.Social implicationsFailure by governments to heed the recommendations of this research will result to serious climate change issues on economic activities with attendant consequences on human health within the region and globally.Originality/valueThis is one of the comprehensive works on subject covering the West African region within the continent.

scholarly journals Differences in Colonial Experience and the Institution-Economic Growth Nexus in West Africa

2020 ◽  
Vol 13 (2) ◽  
pp. 27-58
Author(s):  
Isiaka Akande Raifu ◽  
Obianuju Ogochukwu Nnadozie ◽  
Olaide Sekinat Opeloyeru
Keyword(s):  
Economic Growth ◽  
West Africa ◽  
West African ◽  
African Countries ◽  
Institutional Variables ◽  
Panel Data Estimation ◽  
Quality Of Institutions ◽  
Colonial Experience ◽  
The Impact

Does the quality of institutions affect economic growth in West African countries? Which institutional variable aids or harms economic growth in the region? Is the effect of institutions on economic growth in former French-colonised countries different from that of British-colonised countries? This study addresses these questions. Specifically, we first examined the effect of six institutional variables on economic growth for each of the 13 West African countries. Then, we employed panel data estimation techniques to examine the overall effect of the quality of institutions on the economies of the region. Finally, we grouped the 13 countries into French-colonised and British colonised countries following the argument of Acemoglu, Johnson and Robinson (2001,2005) and then examined the impact of institutional quality on the economic growth of these subgroups. Our findings reveal that the effect of institutional variables on the economy of each country varies. Overall, we find that government stability and democratic accountability have a positive and significant influence on economic growth, while control of corruption and socioeconomic conditions have deleterious effects on economic growth. Finally, institutions contribute positively to economic growth in French-colonised countries compared to British-colonised countries. The results imply that there is a need to strengthen institutions in West Africa, especially in former British colonies.

scholarly journals Economic institutions and economic growth: Empirical evidence from the Economic Community of West African States

2017 ◽  
Vol 20 (1) ◽  
Author(s):  
Lazarus Z. Wanjuu ◽  
Pierre Le Roux
Keyword(s):  
Economic Growth ◽  
Property Rights ◽  
Trade Openness ◽  
Private Investment ◽  
West African ◽  
Economic Institutions ◽  
Economic Community ◽  
Heritage Foundation ◽  
Per Capita ◽  
The Impact

Background: Economic institutions are considered as the fundamental cause of economic growth. Economic institutions affect economic growth through allocation of resources like physical and human capital. Unfortunately, there is dearth of empirical studies showing the impact of economic institutions on growth of the Economic Community of West African States (ECOWAS).Aim: This study investigates the impact of economic institutions on economic growth of the ECOWAS.Setting and method: The study applied cause and effect relationship. The study used econometric research techniques of unit root and co-integration tests to establish the time series properties of the data; the vector error correction and co-integration regression models to estimate the population parameters. The research data comprised data obtained from the United Nations Conference on Trade and Development (UNCTAD), the Transparency International (TI) and Heritage Foundation databases. The variables employed were the real gross domestic product (GDP) per capita (RGDPPC), corruption perception index (CPI), property rights protection (PROPRGT), private investment per capita (INVESPC), government expenditure per capita (GOEXPPC) and trade openness (TRAOPN).Results: The results of the data analysed showed that economic institutions represented by the property rights index engender RGDPPC growth in ECOWAS. The CPI could not stimulate RGDPPC growth in ECOWAS. The results also show that all the other variables stimulated growth except trade openness.Conclusion: The study concludes that good economic institutions, private investments, and government intervention by providing security, economic and social infrastructural facilities are conducive for economic growth in the ECOWAS region. The study recommended that more efforts be made at curbing corruption in the region.Background: Economic institutions are considered as the fundamental cause of economic growth. Economic institutions affect economic growth through allocation of resources like physical and human capital. Unfortunately, there is dearth of empirical studies showing the impact of economic institutions on growth of the Economic Community of West African States (ECOWAS). Aim: This study investigates the impact of economic institutions on economic growth of the ECOWAS. Setting and method: The study applied cause and effect relationship. The study used econometric research techniques of unit root and co-integration tests to establish the time series properties of the data; the vector error correction and co-integration regression models to estimate the population parameters. The research data comprised data obtained from the United Nations Conference on Trade and Development (UNCTAD), the Transparency International (TI) and Heritage Foundation databases. The variables employed were the real gross domestic product (GDP) per capita (RGDPPC), corruption perception index (CPI), property rights protection (PROPRGT), private investment per capita (INVESPC), government expenditure per capita (GOEXPPC) and trade openness (TRAOPN). Results: The results of the data analysed showed that economic institutions represented by the property rights index engender RGDPPC growth in ECOWAS. The CPI could not stimulate RGDPPC growth in ECOWAS. The results also show that all the other variables stimulated growth except trade openness. Conclusion: The study concludes that good economic institutions, private investments, and government intervention by providing security, economic and social infrastructural facilities are conducive for economic growth in the ECOWAS region. The study recommended that more efforts be made at curbing corruption in the region

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