Régimes de change et croissance économique dans la communaute économique des états de l'Afrique de l'Ouest

• Autorzy: Amath Ndiaye , Komlan Amen Dogbe

Warianty tytułu

Exchange Rate Regimes and Growth in the Economic Community of West African States

• Języki publikacji: FR

Abstrakty

L ' objectif ici est d ' étudier l ' effet du régime de change sur la croissance du revenu par tête des pays de la CEDEAO, à partir des données de panel couvrant la période 2000- 2015.L ' étude s ' appuie sur la méthode des moments généralisés en système, pour mettre en relief, qu ' en dehors des fluctuations conjoncturelles, le régime de change, qu ' il soit fixe ou flexible, n ' a pas d ' influence sur la croissance du revenu par tête des pays de la CEDEAO. D ' après nos résultats, le régime de change fixe exerce un effet négatif mais conjoncturel sur la croissance du revenu par tête des pays de l ' UEMOA, tandis que, pour les pays de la ZMOA, l ' effet du régime flexible sur la croissance reste positif mais conjoncturel. A long terme, les déterminants structurels de la croissance du revenu par tête dans les pays de la CEDEAO sont l ' écart de production, la valeur ajoutée de l ' agriculture et l ' investissement. Le régime de change n ' est pas un déterminant structurel de la croissance économique des pays de la CEDEAO.(abstrakt oryginalny)

EN

The objective is to study the effect of the exchange rate regime on per capita income growth of ECOWAS countries, using a panel data covering the period 2000-2015. The study is based on the generalized method of moments, to show that, apart from cyclical fluctuations, the exchange rate regime, whether fixed or flexible, has no influence on the growth of the per capita income of the ECOWAS countries. According to our results, the fixed exchange rate regime has a negative but cyclical effect on the growth of the per capita income of the WAEMU countries, while for the WAMZ countries, the effect of the flexible regime on growth remains positive but cyclical. In the long term, the structural determinants of per capita income growth in ECOWAS countries are the output gap, the value added of agriculture, and investment. The exchange rate regime is not a structural determinant of economic growth in the ECOWAS countries.(original abstract)

Słowa kluczowe

EN

Exchange rates; Exchange rate policy; Exchange rate regime; Economic growth

PL

Kurs walutowy; Polityka walutowa; Systemy kursu walutowego; Wzrost gospodarczy

• Czasopismo: Revue Internationale des Economistes de Langue Française : revue de l'Association Internationale de Economistes de Langue Française avec la collaboration Université des Sciences Economiques et de Gestion
• Rocznik: 2019
• Tom: 4
• Numer: nr 2
• Strony: 46--71

Twórcy

autor

Amath Ndiaye

• Université Cheikh Anta Diop de Dakar

autor

Komlan Amen Dogbe

• ENSAE, Dakar

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