Growth and Convergence in WAEMU Countries:
This paper investigates convergence and dynamic effects of human and physical capital on growth, in WAEMU countries. Using recently developed models for panel data and a growth accounting model, the study finds that growth is largely explained by changes in literacy rates and factor accumulation, bu...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2004
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 04/198 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
| Zusammenfassung: | This paper investigates convergence and dynamic effects of human and physical capital on growth, in WAEMU countries. Using recently developed models for panel data and a growth accounting model, the study finds that growth is largely explained by changes in literacy rates and factor accumulation, but not by growth of total factor productivity (TFP). Nevertheless, the panel estimation identifies aid, government spending, credit to the private sector, and openness as positive determinants of TFP growth, and government deficits as a negative determinant. The study also finds that per capita income in lower-income WAEMU countries converge to per capita income in higher-income ones when economic policies are similar. These results suggest opportunities for policymakers to enhance growth and convergence |
| Beschreibung: | 1 Online-Ressource (35 p) |
| ISBN: | 1451860099 9781451860092 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:26Z |
| indexdate | 2024-07-10T09:35:35Z |
| institution | BVB |
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| spelling | Wane, Abdoul Aziz Verfasser aut Growth and Convergence in WAEMU Countries Wane, Abdoul Aziz Washington, D.C International Monetary Fund 2004 1 Online-Ressource (35 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 04/198 This paper investigates convergence and dynamic effects of human and physical capital on growth, in WAEMU countries. Using recently developed models for panel data and a growth accounting model, the study finds that growth is largely explained by changes in literacy rates and factor accumulation, but not by growth of total factor productivity (TFP). Nevertheless, the panel estimation identifies aid, government spending, credit to the private sector, and openness as positive determinants of TFP growth, and government deficits as a negative determinant. The study also finds that per capita income in lower-income WAEMU countries converge to per capita income in higher-income ones when economic policies are similar. These results suggest opportunities for policymakers to enhance growth and convergence Online-Ausg http://elibrary.imf.org/view/IMF001/02947-9781451860092/02947-9781451860092/02947-9781451860092.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Wane, Abdoul Aziz Growth and Convergence in WAEMU Countries |
| title | Growth and Convergence in WAEMU Countries |
| title_auth | Growth and Convergence in WAEMU Countries |
| title_exact_search | Growth and Convergence in WAEMU Countries |
| title_exact_search_txtP | Growth and Convergence in WAEMU Countries |
| title_full | Growth and Convergence in WAEMU Countries Wane, Abdoul Aziz |
| title_fullStr | Growth and Convergence in WAEMU Countries Wane, Abdoul Aziz |
| title_full_unstemmed | Growth and Convergence in WAEMU Countries Wane, Abdoul Aziz |
| title_short | Growth and Convergence in WAEMU Countries |
| title_sort | growth and convergence in waemu countries |
| url | http://elibrary.imf.org/view/IMF001/02947-9781451860092/02947-9781451860092/02947-9781451860092.xml |
| work_keys_str_mv | AT waneabdoulaziz growthandconvergenceinwaemucountries |