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Développement des Infrastructures de Télécommunication et Croissance Economique dans les Pays de l’UEMOA: une Analyse de la Causalité sur Données de Panel à partir d’un VECM
[Telecommunication Infrastructure Development and Economic Growth in WAEMU Countries: a Causality Panel Analysis from VECM]

Author

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  • Bessan Ayédoun, Eudoxie
  • Ayédoun, Christian

Abstract

. Telecommunication infrastructure development and economic growth in WAEMU countries: a causality panel analysis from a VECM This article examines the links between telecommunication infrastructure development and economic growth. The study covers WAEMU countries over the period 2000-2016. To avoid problems of multicollinearity, in addition to considering three indicators separately, we construct a composite index obtained from a principal component analysis (PCA) to measure telecommunication infrastructures. We use the autoregressive vector error correction (VECM) model to detect Granger causality. We find a long-term causal relationship between these variables and a unidirectional causality between the development of telecommunications infrastructure and short-term economic growth. From our results, we can conclude that with a large margin of potential growth in telecommunications infrastructure, WAEMU governments should strongly encourage policies to expand access and reduce costs, particularly in regards to the internet and mobile phone services.

Suggested Citation

  • Bessan Ayédoun, Eudoxie & Ayédoun, Christian, 2020. "Développement des Infrastructures de Télécommunication et Croissance Economique dans les Pays de l’UEMOA: une Analyse de la Causalité sur Données de Panel à partir d’un VECM [Telecommunication Infr," MPRA Paper 104459, University Library of Munich, Germany, revised 01 Feb 2021.
    • Handle: RePEc:pra:mprapa:104459
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    References listed on IDEAS

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    More about this item

    Keywords

    Telecommunication infrastructure; economic growth; ACP; WAEMU; VECM panel.;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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