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Les déterminants de la croissance économique en zone cemac: Une approche en données de panel

Nzingoula, Gildas crépin (2015): Les déterminants de la croissance économique en zone cemac: Une approche en données de panel.

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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.

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