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Contrainte de crédit et convergence vers la frontière technologique. Qu'en est-il des pays de la zone CFA ?

Author

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  • Abdou-Aziz Niang
  • Bertrand Djembissi

Abstract

This work aims to study the effects of credit-market imperfection on the convergence of the cfa zone to the frontier growth rate. It focuses on the fact that a less efficient credit market is a constraint that prevents these countries to benefit from technology transfer and causes them to deviate from the frontier of growth. The empirical approach based on generalized method of moments (gmm) in dynamic panel shows that a low level of financial development significantly slow the rate of convergence of these countries. Classification JEL : F20, G18, O16, O4.

Suggested Citation

  • Abdou-Aziz Niang & Bertrand Djembissi, 2014. "Contrainte de crédit et convergence vers la frontière technologique. Qu'en est-il des pays de la zone CFA ?," Revue économique, Presses de Sciences-Po, vol. 65(5), pages 706-717.
    • Handle: RePEc:cai:recosp:reco_655_0709
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    JEL classification:

    • F20 - International Economics - - International Factor Movements and International Business - - - General
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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