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Economic and Institutional Reforms in French-Speaking West Africa: Impact on Efficiency and Growth

Author

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  • Danielson, Anders

    (Department of Economics, Lund University)

Abstract

This 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.

Suggested Citation

  • Danielson, Anders, 2001. "Economic and Institutional Reforms in French-Speaking West Africa: Impact on Efficiency and Growth," Working Papers 2001:13, Lund University, Department of Economics.
    • Handle: RePEc:hhs:lunewp:2001_013
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    Citations

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    Cited by:

    1. Goran Hyden, 2005. "Working Paper 80 - Making Public Sector Management Work for Africa: Back to the Drawing - Board," Working Paper Series 215, African Development Bank.
    2. AfDB AfDB, 2005. "Working Paper 80 - Making Public Sector Management Work for Africa: Back to the Drawing - Board," Working Paper Series 2294, African Development Bank.
    3. W. A. Naudé, 2004. "The effects of policy, institutions and geography on economic growth in Africa: an econometric study based on cross-section and panel data," Journal of International Development, John Wiley & Sons, Ltd., vol. 16(6), pages 821-849.
    4. AfDB AfDB, 2005. "Working Paper 80 - Making Public Sector Management Work for Africa: Back to the Drawing - Board," Working Paper Series 2214, African Development Bank.

    More about this item

    Keywords

    economic reforms; West Africa; institutions; privatization;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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