Competitiveness and growth within the CFA franc zone: Does the switch to the Euro matter?
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Philippe Aghion & Diego Comin & Peter Howitt & Isabel Tecu, 2016.
"When Does Domestic Savings Matter for Economic Growth?,"
IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 64(3), pages 381-407, August.
- Philippe Aghion & Diego Comin & Peter Howitt, 2006. "When Does Domestic Saving Matter for Economic Growth?," DEGIT Conference Papers c011_030, DEGIT, Dynamics, Economic Growth, and International Trade.
- Philippe Aghion & Diego Comin & Peter Howitt & Isabel Tecu, 2016. "When Does Domestic Savings Matter for Economic Growth?," Post-Print halshs-01496930, HAL.
- Philippe Aghion & Diego Comin & Peter Howitt & Isabel Tecu, 2009. "When Does Domestic Saving Matter for Economic Growth?," Harvard Business School Working Papers 09-080, Harvard Business School.
- Philippe Aghion & Diego Comin & Peter Howitt, 2006. "When Does Domestic Saving Matter for Economic Growth?," NBER Working Papers 12275, National Bureau of Economic Research, Inc.
- Philippe Aghion & Diego Comin & Peter Howitt & Isabel Tecu, 2016. "When Does Domestic Savings Matter for Economic Growth?," PSE-Ecole d'économie de Paris (Postprint) halshs-01496930, HAL.
- Issiaka Coulibaly, 2012. "The impacts of the Euro on the real exchange rate and the growth in CFA zone countries," Erudite Working Paper 2012-06, Erudite.
- González, Andrés & Teräsvirta, Timo & van Dijk, Dick & Yang, Yukai, 2005.
"Panel Smooth Transition Regression Models,"
SSE/EFI Working Paper Series in Economics and Finance
604, Stockholm School of Economics, revised 11 Oct 2017.
- Andrés González & Timo Teräsvirta & Dick van Dijk & Yukai Yang, 2017. "Panel Smooth Transition Regression Models," CREATES Research Papers 2017-36, Department of Economics and Business Economics, Aarhus University.
- Andres Gonzalez & Timo Terasvirta & Dick van Dijk, 2005. "Panel Smooth Transition Regression Models," Research Paper Series 165, Quantitative Finance Research Centre, University of Technology, Sydney.
- Ehrhart, H. & Jacolin, L., 2012. "L’impact de la crise de la zone euro sur la zone franc : analyse des canaux de transmission," Bulletin de la Banque de France, Banque de France, issue 190, pages 113-124.
- Audrey Sallenave, 2010. "Real exchange rate misalignments and economic performance for the G20 countries," EconomiX Working Papers 2010-1, University of Paris Nanterre, EconomiX.
- Ofair Razin & Susan M. Collins, 1997. "Real Exchange Rate Misalignments and Growth," International Finance 9707001, University Library of Munich, Germany.
- Binder, Michael & Offermanns, Christian J., 2007.
"International investment positions and exchange rate dynamics: a dynamic panel analysis,"
Discussion Paper Series 1: Economic Studies
2007,23, Deutsche Bundesbank.
- Binder, Michael & Offermanns, Christian J., 2007. "International investment positions and exchange rate dynamics: A dynamic panel analysis," CFS Working Paper Series 2007/23, Center for Financial Studies (CFS).
- Michael Binder & Christian J. Offermanns, 2007. "International Investment Positions and Exchange Rate Dynamics: A Dynamic Panel Analysis," CESifo Working Paper Series 2095, CESifo.
- Coulibaly, Issiaka & Davis, Junior, 2013. "Exchange rate regimes and economic performance: Does CFA zone membership benefit their economies?," MPRA Paper 54075, University Library of Munich, Germany.
- Marc Klau, 1998. "Exchange rate regimes and inflation and output in Sub-Saharan countries," BIS Working Papers 53, Bank for International Settlements.
- Combey, Adama & Nubukpo, Kako, 2010. "Effets Non Linéaires de l'Inflation sur la Croissance dans l'UEMOA [Nonlinear Effects of Inflation on Growth in the WAEMU]," MPRA Paper 23542, University Library of Munich, Germany.
- Jamel Saadaoui & Jacques Mazier & Nabil Aflouk, 2013.
"On the determinants of exchange rate misalignments,"
Applied Economics Letters, Taylor & Francis Journals, vol. 20(18), pages 1608-1610, December.
- Jamel Saadaoui & Jacques Mazier & Nabil Aflouk, 2013. "On the Determinants of Exchange Rate Misalignments," Post-Print halshs-00829460, HAL.
- Saadaoui, Jamel & Mazier, Jacques & Aflouk, Nabil, 2013. "On the Determinants of Exchange Rate Misalignments," MPRA Paper 47481, University Library of Munich, Germany.
- Dani Rodrik, 2008. "The Real Exchange Rate and Economic Growth," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 39(2 (Fall)), pages 365-439.
- Cécile Couharde & Issiaka Coulibaly & Olivier Damette, 2012.
"La dynamique d'ajustement des taux de change réels dans la zone franc CFA,"
Revue économique, Presses de Sciences-Po, vol. 63(3), pages 545-555.
- Cécile Couharde & Issiaka Coulibaly & Olivier Damette, 2012. "La dynamique d’ajustement des taux de change réels dans la zone Franc CFA," Post-Print hal-01385816, HAL.
- Alvaro Aguirre & César Calderón, 2005. "Real Exchange Rate Misalignments and Economic Performance," Working Papers Central Bank of Chile 316, Central Bank of Chile.
- Martin Hallet, 2008. "The role of the euro in Sub-Saharan Africa and in the CFA franc zone," European Economy - Economic Papers 2008 - 2015 347, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
- M. Hashem Pesaran, 2021.
"General diagnostic tests for cross-sectional dependence in panels,"
Empirical Economics, Springer, vol. 60(1), pages 13-50, January.
- Pesaran, M.H., 2004. "‘General Diagnostic Tests for Cross Section Dependence in Panels’," Cambridge Working Papers in Economics 0435, Faculty of Economics, University of Cambridge.
- Pesaran, M. Hashem, 2004. "General Diagnostic Tests for Cross Section Dependence in Panels," IZA Discussion Papers 1240, Institute of Labor Economics (IZA).
- M. Hashem Pesaran, 2004. "General Diagnostic Tests for Cross Section Dependence in Panels," CESifo Working Paper Series 1229, CESifo.
- Philippe Aghion & Peter Howitt, 2009.
"The Economics of Growth,"
MIT Press Books,
The MIT Press,
edition 1, volume 1, number 0262012634, December.
- Philippe Aghion & Peter Howitt, 2009. "The Economics of Growth," MIT Press Books, The MIT Press, edition 1, volume 1, number 9780262012638, December.
- Ofair Razin & Susan M. Collins, 1997. "Real Exchange Rate Misalignments and Growth," NBER Working Papers 6174, National Bureau of Economic Research, Inc.
- Blaise Gnimassoun, 2012. "Taux de change et mésalignements du franc CFA avant et après l’introduction de l’euro," EconomiX Working Papers 2012-3, University of Paris Nanterre, EconomiX.
- William R. Cline & John Williamson, 2012. "Updated Estimates of Fundamental Equilibrium Exchange Rates," Policy Briefs PB12-23, Peterson Institute for International Economics.
- Burcu Aydin, 2010. "Exchange Rate Assessment for Sub-Saharan Economies," IMF Working Papers 2010/162, International Monetary Fund.
- Mr. Charalambos G Tsangarides, 2005. "Growth Empirics Under Model Uncertainty: Is Africa Different?," IMF Working Papers 2005/018, International Monetary Fund.
- Coulibaly, Issiaka & Gnimassoun, Blaise, 2013.
"Optimality of a monetary union: New evidence from exchange rate misalignments in West Africa,"
Economic Modelling, Elsevier, vol. 32(C), pages 463-482.
- Issiaka Coulibaly & Blaise Gnimassoun, 2012. "Optimality of a monetary union : New evidence from exchange rate misalignments in West Africa," EconomiX Working Papers 2012-37, University of Paris Nanterre, EconomiX.
- Zafar, Ali, 2005. "The impact of the strong euro on the real effective exchange rates of the two Francophone African CFA Zones," Policy Research Working Paper Series 3751, The World Bank.
- Judson, Ruth A. & Owen, Ann L., 1999. "Estimating dynamic panel data models: a guide for macroeconomists," Economics Letters, Elsevier, vol. 65(1), pages 9-15, October.
- William R. Cline & John Williamson, 2012. "Estimates of Fundamental Equilibrium Exchange Rates, May 2012," Policy Briefs PB12-14, Peterson Institute for International Economics.
- Mr. Michel Galy & Mr. Michael T. Hadjimichael, 1997. "The CFA Franc Zone and the EMU," IMF Working Papers 1997/156, International Monetary Fund.
- Kiviet, Jan F., 1995.
"On bias, inconsistency, and efficiency of various estimators in dynamic panel data models,"
Journal of Econometrics, Elsevier, vol. 68(1), pages 53-78, July.
- Tom Doan, "undated". "LSDVC: RATS procedure to estimate a dynamic FE model with correction for bias," Statistical Software Components RTS00111, Boston College Department of Economics.
- Mr. Ronald MacDonald & Mr. Peter B. Clark, 1998. "Exchange Rates and Economic Fundamentals: A Methodological Comparison of BEERs and FEERs," IMF Working Papers 1998/067, International Monetary Fund.
- Buddelmeyer, Hielke & Jensen, Paul H. & Oguzoglu, Umut & Webster, Elizabeth, 2008. "Fixed Effects Bias in Panel Data Estimators," IZA Discussion Papers 3487, Institute of Labor Economics (IZA).
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Lampe, Florian, 2022. "Interest Rate Policy of the Banque Centrale des Etats de l'Afrique de l'Ouest: International Currency Hierarchy, Monetary Base Coverage, and Bank Lending in the WAEMU," ZÖSS-Discussion Papers 76, University of Hamburg, Centre for Economic and Sociological Studies (CESS/ZÖSS), revised 2022.
- Dieudonné Mignamissi, 2021. "Coûts/gains commerciaux de l'intégration monétaire dans la Zone Franc africaine: Une analyse à partir de 5 scenarii," African Development Review, African Development Bank, vol. 33(1), pages 180-192, March.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Issiaka Coulibaly, 2013. "Competitiveness and growth within the CFA franc zone: does the switch to the euro matter?," Erudite Working Paper 2013-04, Erudite.
- repec:cii:cepiei:2014-q3-139-1 is not listed on IDEAS
- Grekou, Carl, 2015.
"Revisiting the nexus between currency misalignments and growth in the CFA Zone,"
Economic Modelling, Elsevier, vol. 45(C), pages 142-154.
- Carl Grekou, 2014. "Revisiting the nexus between currency misalignments and growth in the CFA Zone," EconomiX Working Papers 2014-4, University of Paris Nanterre, EconomiX.
- Carl Grekou, 2015. "Revisiting the nexus between currency misalignments and growth in the CFA Zone," Post-Print hal-01620178, HAL.
- Blaise Gnimassoun, 2017.
"Exchange rate misalignments and the external balance under a pegged currency system,"
Review of International Economics, Wiley Blackwell, vol. 25(5), pages 949-974, November.
- Blaise Gnimassoun, 2015. "Exchange rate misalignments and the external balance under a pegged currency system," EconomiX Working Papers 2015-9, University of Paris Nanterre, EconomiX.
- Blaise Gnimassoun, 2017. "Exchange rate misalignments and the external balance under a pegged currency system," Post-Print hal-01665005, HAL.
- Zainab Jehan & Iffat Irshad, 2020. "Exchange Rate Misalignment and Economic Growth inPakistan: The Role of Financial Development," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 59(1), pages 81-99.
- Carl Grekou, 2015.
"Currency misalignments and economic growth: the foreign currency-denominated debt channel,"
EconomiX Working Papers
2015-23, University of Paris Nanterre, EconomiX.
- Carl Grekou, 2018. "Currency Misalignments and Economic Growth: The Foreign Currency-Denominated Debt Channel," Working Papers 2018-12, CEPII research center.
- Morvillier, Florian, 2020. "Do currency undervaluations affect the impact of inflation on growth?," Economic Modelling, Elsevier, vol. 84(C), pages 275-292.
- Bernard Njindan Iyke, 2018. "The real effect of currency misalignment on productivity growth: evidence from middle-income economies," Empirical Economics, Springer, vol. 55(4), pages 1637-1659, December.
- Jinzhao Chen, 2015.
"Interprovincial Competitiveness and Economic Growth: Evidence from Chinese Provincial Data (1992–2008),"
Pacific Economic Review, Wiley Blackwell, vol. 20(3), pages 388-414, August.
- Jinzhao Chen, 2012. "Real Exchange Rate and Economic Growth: Evidence from Chinese Provincial Data (1992 - 2008)," PSE Working Papers halshs-00667467, HAL.
- Jinzhao Chen, 2015. "Interprovincial competitiveness and economic growth: Evidence from Chinese provincial data (1992-2008)," Post-Print halshs-03421100, HAL.
- DEGUENONVO, Cédric, 2017. "Real exchange rate misalignment in Senegal: effect on growth," MPRA Paper 84338, University Library of Munich, Germany.
- Blaise Gnimassoun, 2015. "Exchange rate misalignments and the external balance under a pegged currency system," Working Papers hal-04141421, HAL.
- Ronald MacDonald & Flávio Vieira, "undated".
"A panel data investigation of real exchange rate misalignment and growth,"
Working Papers
2010_13, Business School - Economics, University of Glasgow.
- Ronald MacDonald & Flávio Vieira, 2010. "A Panel Data Investigation of Real Exchange Rate Misalignment and Growth," CESifo Working Paper Series 3061, CESifo.
- Flavio Vilela Vieira & Ronald Macdonald, 2011. "A Panel Data Investigation Of Realexchange Rate Misalignment And Growth," Anais do XXXVIII Encontro Nacional de Economia [Proceedings of the 38th Brazilian Economics Meeting] 014, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
- Flávio, Vieira & MacDonald, Ronald, 2010. "A Panel Data Investigation of Real Exchange Rate Misalignment and Growth," SIRE Discussion Papers 2010-29, Scottish Institute for Research in Economics (SIRE).
- Ferdinand Owoundi & Jacques Landry Bikai, 2021. "On the neutrality of the exchange rate regime regarding real misalignments: Evidence from sub‐Saharan Africa," Bulletin of Economic Research, Wiley Blackwell, vol. 73(3), pages 327-345, July.
- Mbaye, Samba, 2012. "Currency Undervaluation and Growth: Is there a Productivity Channel?," MPRA Paper 44261, University Library of Munich, Germany.
- Nouira, Ridha & Sekkat, Khalid, 2012.
"Desperately seeking the positive impact of undervaluation on growth,"
Journal of Macroeconomics, Elsevier, vol. 34(2), pages 537-552.
- Ridha Nouira & Khalid Sekkat, 2010. "Desperately Seeking the Positive Impact of Undervaluation on Growth," Working Papers 560, Economic Research Forum, revised 10 Jan 2010.
- Coulibaly, Issiaka & Gnimassoun, Blaise, 2013.
"Optimality of a monetary union: New evidence from exchange rate misalignments in West Africa,"
Economic Modelling, Elsevier, vol. 32(C), pages 463-482.
- Issiaka Coulibaly & Blaise Gnimassoun, 2012. "Optimality of a monetary union : New evidence from exchange rate misalignments in West Africa," EconomiX Working Papers 2012-37, University of Paris Nanterre, EconomiX.
- Florian Morvillier, 2019. "Do currency undervaluations affect the impact of inflation on growth?," Post-Print hal-02138677, HAL.
- Couharde, Cécile & Sallenave, Audrey, 2013.
"How do currency misalignments’ threshold affect economic growth?,"
Journal of Macroeconomics, Elsevier, vol. 36(C), pages 106-120.
- Audrey Allegret Sallenave & Cécile Couharde, 2013. "How do currency misalignments’ threshold affect economic growth?," Post-Print hal-03572577, HAL.
- Cécile Couharde & Audrey Allegret-Sallenave, 2013. "How do currency misalignments' threshold affect economic growth?," Post-Print hal-01385861, HAL.
- Waqar Khalid & Javed Iqbal & Nosheen Nasir & Misbah Nosheen, 2024. "Do real exchange rate misalignments have threshold effects on economic growth? Asymmetric evidence from Pakistan," Economic Change and Restructuring, Springer, vol. 57(6), pages 1-40, December.
- Habib, Maurizio Michael & Mileva, Elitza & Stracca, Livio, 2017.
"The real exchange rate and economic growth: Revisiting the case using external instruments,"
Journal of International Money and Finance, Elsevier, vol. 73(PB), pages 386-398.
- Stracca, Livio & Mileva, Elitza & Habib, Maurizio Michael, 2016. "The real exchange rate and economic growth: revisiting the case using external instruments," Working Paper Series 1921, European Central Bank.
- n.a.m, Naseem & m.s, Hamizah, 2013. "Exchange Rate Misalignment and Economic Growth: Recent Evidence in Malaysia," MPRA Paper 52447, University Library of Munich, Germany.
More about this item
Keywords
Anchor currency; CFA zone; Competitiveness; Growth;All these keywords.
JEL classification:
- O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- F01 - International Economics - - General - - - Global Outlook
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cii:cepiie:2014-q3-139-1. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/cepiifr.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.