This essay examines some outcomes of two decades of market oriented reforms in the West African Economic and Monetary Union (WAEMU). In general, economic performance, measured by growth of per capita incomes, has not been encouraging, despite far reaching reforms, including privatization, liberalization, and deep regional integration. Social indicators suggest that poverty reduction has not bee...

1 Summary In Western Africa, two economic integrations, WAEMU (West African Economic and Monetary Union) and ECOWAS(Economic Community of West African Countries) exist. WAEMU is consisted of eight countries around French possession in Africa and issued the unique legal tender, the CFA franc. On the other hand, ECOWAS is the wider economic integration for 15 countries encompassing the entire WAE...

This study uses the Wilcoxon's signed ranks test to identify effect of Covid-19 outbreak on stocks returns companies listed West African Economic and Monetary Union's (WAEMU) stock market by considering two event dates (January 23, 2020 March 2, 2020). To account for temporal volatility in approach, resort a GARCH model. Empirical findings suggest that January (first case death due China) have ...

The main concern of this paper is to answer the question of the determinants of FDI inflows to West African Economic and Monetary Union (WAEMU). The literature on FDI recognizes not only the existence of gaps between domestic savings and investment in most developing countries but also that FDI constitutes a cure capable to bring the latest technology and management know-how into these countrie...

This paper analyzes the efficiency of public expenditure on education in Benin from 2000 to 2020. Using a Data Envelopment Analysis (DEA) approach, calculates for as well other countries West African Economic and Monetary Union (WAEMU) order highlight differences use resources education. The uses an input gross enrolment ratio primary school, school completion rate tertiary outputs DEA model. r...

This paper analyzes and characterizes the nature of interactions between countries West African Economic Monetary Union (WAEMU) over period 1995–2015. The analysis uses sigma-convergence on one hand Dendrinos-Sonis spatial competition model estimated by SUR method other hand. results show a lack convergence living standards support idea income polarization in space; these also very poorly integ...

Regionalism in West Africa: Do Polar Countries Reap the Benefits? A Role for Migration In the present globalization era an increasing attention is paid to the ambiguous relationship between international migration, brain drain, and economic growth, but few papers analyzed the growth impact of skilled migration. The paper filled the research gap by building the first dataset on brain drain from ...

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