6 research outputs found
Demographic Transition and Private Sector Pension System in Ivory Coast: A Cointegration and Error Correction Model Analysis
No full textThis study analyses the impact of demographic transition on private sector pension expenditure in Ivory Coast. Based on data from the World Development Indicators (WDI) and the National Social Security Fund (CNPS), over the period 1986 to 2016, we empirically show that the dependency ratio, the effect of participation in retirement pensions, the generosity of retirement pensions and life expectancy contribute to the increase in the pension expenditure of CNPS. The study recommends that public authorities continue the reforms undertaken since 2012 to ensure the payment of retirement pensions to private sector employees. It also suggests the establishment of structures and institutions to promote the private sector in order to reduce unemployment. Keywords: Ivory Coast, demography, mortality, fertility, demographic transition, demographic dividend, demographic dependency ratio, economic dependency ratio, population policies
Urbanization, Gender and Economic Growth in the Waemu Zone: Evidence from Pooled Mean Group Estimation
No full textThis study empirically analyses the influence of urbanization and the participation of men and women in the labour force on economic growth in the countries of the West African Economic and Monetary Union (WAEMU). Using data from the World Bank (2017) on the member States between 1990 and 2016, we show from Pesaran’s PMG estimator, Shin and Smith (1999) that in the short term, youth and women are very useful for economic growth. In the long term, urbanization, industrial added value and the elderly make a positive contribution to economic growth. The study urges governments to create better living conditions by ensuring adequate income levels and care, i.e., public policies should aim to increase employment, establish or improve social protection, social integration, health and the fight against discrimination
Inflation-Growth Nexus in the CFA Franc Zone and BRICS: Evidence from Panel Threshold Regression Estimation
No full textThis paper examines the impact of inflation on economic growth in a panel of 13 African countries in the franc zone (CFA) and BRICS. Contrary to previous studies that focus on a linear relationship, the present study uses the Panel Smooth Transition Regression model to examine this relationship. The results of this method strongly support the idea that the relationship between inflation and growth is non-linear with a threshold of 3.17% in the Central African Economic and Monetary Union (CAEMU), 11.30% for the West African Economic and Monetary Union (WAEMU) and 7.04% for the BRICS. In particular, the study indicates that the 2% target set by the BCEAO for WAEMU countries can be revised upwards without adversely affecting growth. For the BRICS, they should avoid inflation rates above 7%. Keywords: inflation; growth; monetary policy; threshold effects; dynamic panel; WAEMU; CAEMU; BRICS. DOI: 10.7176/JESD/10-2-0
Bank Excess Liquidity and Economic Growth in Waemu Countries: A Panel Data Approach
No full textThis paper provides an empirical assessment of the relationship between banking, liquidity, investment, terms of trade, bank solvency ratio, financial development and economic growth in the WAEMU zone. The analysis focuses on 7 countries of the West African Economic and Monetary Union (WAEMU) and covers the period 1994-2015. Using the panel data approach, we show that economic growth is positively related with banking on liquidity. In addition, the results highlight the impact of bank liquidity on economic growth but mitigate when it is associated with the investment
Effect of Urbanization on Banking Sector Development in Waemu Countries: Evidence from Panel Quantile Regression
No full textUrbanization is one of the most significant forces on the planet in the 21st century. In Africa, cities and their inhabitants are at the heart of development processes. Within the African continent, the level of West African urbanization is 41% in 2010 compared to 36% in 2000. According to projections, by 2030, 50% of Africans will live in cities. Urban demand could be an engine of industrial development because the level of urbanization is associated with many positive outcomes, such as technological innovation, economic progress, higher living standards. As a result, urbanization could positively influence banking development. This paper examines the impact of urbanization on financial sector development in a panel of 7 WAEMU countries. Contrary to previous studies that focus on mean effects, it uses quantile regression methodology to examine the effect of urbanization on financial development in those countries that share a common currency. The results point out that urbanization and economic openness is favourable to the financial development of WAEMU countries. The study urges governments to create the necessary conditions for successful urbanization so that it benefits financial development. Economic openness must also be promoted as it is conducive to the financial development of the WAEMU region
LES ARRANGEMENTS MONÉTAIRES ET LE BIEN-ÊTRE ÉCONOMIQUE EN AFRIQUE SUBSAHARIENNE
No full textNotre travail analyse les effets du choc de taux de change sur le bien-être économique dans 3 régimes de change que sont l’ancrage fixe, le flottement géré et le régime intermédiaire en Afrique subsaharienne. Les données de diverses sources courent de 2017 à 2024. La modélisation FMOLS nous a permis de constater une forte croissance du revenu dans les régimes de change fixe et une inflation basse dans les régimes intermédiaires comparativement aux régimes de flottement géré qui semblent offrir les meilleurs scores en termes de prospérité. Le bien-être économique ne saurait, dans ces conditions, être mis à l’avantage d’un régime de change par rapport à un autre. Cependant l’Afrique subsaharienne gagnerait à abandonner les micro-monnaies pour fédérer en union monétaire
