Economic and Institutional Reforms in French-Speaking West Africa: Impact on Efficiency and Growth
AbstractThis essay examines some outcomes of two decades of market-oriented reforms in the West African Economic and Monetary Union (WAEMU). In general, economic performance, measured by growth of per capita incomes, have not been encouraging, despite far-reaching reforms, including privatization, liberalization, and deep regional integration. Social indicators suggest that poverty reduction has not been achieved through reforms. Several indicators on access to primary health care, and inputs and outcomes in primary education show deteriorating trends in the majority of countries. However, social indicators in the WAEMU are better than those in other countries in sub-Saharan Africa. Finally, the paper attempts to test the extent to which institutional quality in WAEMU differs from that in other parts of the world. The general results from this exercise are that (i) indicators of institutional quality in sub-Saharan Africa is significantly lower than in non-African parts of the world; (ii) this explains much of the growth difference; and (iii) institutional quality in WAEMU does not differ from that in other parts of Africa, despite more centralized institutions.
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Bibliographic InfoPaper provided by Lund University, Department of Economics in its series Working Papers with number 2001:13.
Length: 38 pages
Date of creation: 22 Aug 2001
Date of revision:
Publication status: Published in Reforming Africa's Institutions, Kayizzi-Mugerwa , S. (eds.), 2003, pages 105-126, United Nations University Press.
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Postal: Department of Economics, School of Economics and Management, Lund University, Box 7082, S-220 07 Lund,Sweden
Phone: +46 +46 222 0000
Fax: +46 +46 2224613
Web page: http://www.nek.lu.se/en
More information through EDIRC
economic reforms; West Africa; institutions; privatization;
Find related papers by JEL classification:
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- O19 - Economic Development, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
- O23 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
- O55 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Africa
This paper has been announced in the following NEP Reports:
- NEP-ALL-2001-09-10 (All new papers)
- NEP-DEV-2001-09-10 (Development)
- NEP-IFN-2001-09-10 (International Finance)
- NEP-POL-2001-09-10 (Positive Political Economics)
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