Relation inflation-croissance dans l’Union Economique et Monétaire Ouest-Africaine (UEMOA) : Recherche d’une nouvelle preuve de causalité

Agboton, Damien J. (2024): Relation inflation-croissance dans l’Union Economique et Monétaire Ouest-Africaine (UEMOA) : Recherche d’une nouvelle preuve de causalité. Forthcoming in: RECO

Abstract

In this article, we use recently developed panel causality and cointegration techniques to examine the long-run relationship between inflation and economic growth of the 8 WAEMU countries. A panel of 256 observations was therefore constituted from the IMF (WDI) and BCEAO database. Our results highlight a unidirectional causality between inflation and economic growth and support the view that public spending controls can reduce inflation. Economic growth is the main channel through which economic policy can influence inflation. Furthermore, improving the quality of the workforce can further strengthen economic growth.

• Item Type: MPRA Paper
• English Title: Infation-growth relationship in the West African Economic and Monetary Union (WAEMU): Search for new proof of causality
• Language: French
• Keywords: Inflation Economic growth Panel causality Panel cointegration WAEMU
• Subjects: E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level ; Inflation ; Deflation; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their Policies; E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E66 - General Outlook and Conditions

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