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Les déterminants de la croissance économique en zone cemac: Une approche en données de panel
[The seterminants of economic growth in cemac: a panel data approach]

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  • Nzingoula, Gildas crépin

Abstract

This research highlights through a panel data approach the determinants of economic growth over the last decade in the Economic and Monetary Community of Central Africa (CEMAC). These factors or determinants are essential to enable CEMAC’s countries to reach the level of economic emergence. To do this, we use Stata 12 software for estimates, a sample panel data composed of the six CEMAC member countries, namely : Congo, Cameroon, Gabon, Equatorial Guinea, Central African Republic and Chad; for the period from 2000 to 2013. The results obtained after estimating ordinary least squares, the fixed effects model, the random effects model, the generalized method of moments and specification tests show that the best model to estimate these different types of data in CEMAC is the fixed effects model. Besides, the main determinants of economic growth in CEMAC are the Foreign Direct Investment (FDI) and loans to the economy (CREDIT). If FDI act positively and very significantly on economic growth, CREDIT due to lack of good governance is significant, but acts in a negative way on CEMAC economic growth.

Suggested Citation

  • Nzingoula, Gildas crépin, 2015. "Les déterminants de la croissance économique en zone cemac: Une approche en données de panel [The seterminants of economic growth in cemac: a panel data approach]," MPRA Paper 67009, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:67009
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    References listed on IDEAS

    as
    1. Marija Trpkova & Biljana Tashevska, 2011. "Determinants Of Economic Growth In South - East Europe: A Panel Data Approach," Perspectives of Innovation in Economics and Business (PIEB), Prague Development Center, vol. 7(1), pages 12-15, January.
    2. Andrea Bassanini & Stefano Scarpetta, 2003. "Les moteurs de la croissance dans les pays de l'OCDE : Analyse empirique sur des données de panel," Revue économique de l'OCDE, Éditions OCDE, vol. 2001(2), pages 7-58.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Keywords: economic growth; emerging determinants; CEMAC; panel data; fixed effects model; random effects model; ordinary least squares; GMM; Test Specification.;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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