The Effect of Economic Sectors on the National Income of West African Economies from 2010 to 2019: A Multiple Regression Analysis

Van, Germinal (2020): The Effect of Economic Sectors on the National Income of West African Economies from 2010 to 2019: A Multiple Regression Analysis.

Abstract

The purpose of this paper is to explain the effect that economic sectors exert on the national income of West African countries during the last decade. Since the post-colonial era, agriculture has been the primary and the predominant sector of West African economies. However, since the late 1990s and early 2000s, through various observational data, we could perceive that the manufacturing and services sectors began to bring a broader contribution to the economic production of West African countries. Through the use of a multiple regression analysis, this paper aims to explain the correlation and impact that each of these sectors exercises on the national income of the sixteen countries that encapsulate the West African region.

• Item Type: MPRA Paper
• Language: English
• Keywords: Econometrics, Economic Growth, Statistical Modeling, Development Economics, Macroeconomics, Aggregate Production
• Subjects: C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C10 - General; C - Mathematical and Quantitative Methods > C5 - Econometric Modeling; C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C55 - Large Data Sets: Modeling and Analysis; E - Macroeconomics and Monetary Economics > E0 - General > E01 - Measurement and Data on National Income and Product Accounts and Wealth ; Environmental Accounts; E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E13 - Neoclassical; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence

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25. Ibid. p. 1

26. Ibid. p. 4

27. Ibid. p. 4