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Renforcer l’efficacité de la convergence macroéconomique dans la CEMAC

Author

Listed:
  • Désiré Avom
  • Amadou Bobbo
  • Dieudonné Mignamissi

Abstract

Within a multilateral monitoring framework, EMCCA countries have been pursuing the process of macroeconomic convergence since 1994. In this context, this paper seeks to illustrate if that process is economic growth-enhancing. To achieve this objective, use is made of an augmented Solow growth model. Results show that the implementation of the convergence criteria registered no significant effect on economic growth among member countries. These findings were largely attributable to the high degree of heterogeneity among EMCCA economies. Restructuring the existing multilateral monitoring mechanisms, with this in mind, would unleash the desired economic growth impact. Codes JEL: C33, C36, F020, O55.

Suggested Citation

  • Désiré Avom & Amadou Bobbo & Dieudonné Mignamissi, 2015. "Renforcer l’efficacité de la convergence macroéconomique dans la CEMAC," Revue d’économie du développement, De Boeck Université, vol. 23(4), pages 43-81.
    • Handle: RePEc:cai:edddbu:edd_294_0043
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    Cited by:

    1. Mimboe, Bernard, 2021. "Strategic interactions in the provision of public infrastructures: Evidence from Economic and Monetary Community of Central Africa (EMCCA) countries," MPRA Paper 106563, University Library of Munich, Germany.

    More about this item

    Keywords

    convergence; EMCCA; economic growth; instrumental variables; panel data;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • C36 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Instrumental Variables (IV) Estimation
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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