Développement des Infrastructures de Télécommunication et Croissance Economique dans les Pays de l’UEMOA: une Analyse de la Causalité sur Données de Panel à partir d’un VECM

Bessan Ayédoun, Eudoxie and Ayédoun, Christian (2020): Développement des Infrastructures de Télécommunication et Croissance Economique dans les Pays de l’UEMOA: une Analyse de la Causalité sur Données de Panel à partir d’un VECM.

Abstract

Abstract. Telecommunication infrastructure development and economic growth in WAEMU countries: a causality panel analysis from a VECM

This article examines the links between telecommunication infrastructure development and economic growth. The study covers WAEMU countries over the period 2000-2016. To avoid problems of multicollinearity, in addition to considering three indicators separately, we construct a composite index obtained from a principal component analysis (PCA) to measure telecommunication infrastructures. We use the autoregressive vector error correction (VECM) model to detect Granger causality. We find a long-term causal relationship between these variables and a unidirectional causality between the development of telecommunications infrastructure and short-term economic growth. From our results, we can conclude that with a large margin of potential growth in telecommunications infrastructure, WAEMU governments should strongly encourage policies to expand access and reduce costs, particularly in regards to the internet and mobile phone services.

• Item Type: MPRA Paper
• English Title: Telecommunication Infrastructure Development and Economic Growth in WAEMU Countries: a Causality Panel Analysis from VECM
• Language: French
• Keywords: Telecommunication infrastructure, economic growth, ACP, WAEMU, VECM panel.
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O31 - Innovation and Invention: Processes and Incentives; O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O55 - Africa

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