Regional Impact of Cote D'Ivoire'S Sociopolitical Crisis
AbstractThis paper evaluates the impact of the sociopolitical crisis in CÃ´te d''Ivoire on the economies of its neighbors. Using a nonsubjective weighted index of regional instability in cross-country time-series regressions, it shows that the increase in regional instability caused by domestic instability in CÃ´te d''Ivoire had a negative effect on the growth performance of its most direct neighbors, but no significant effect on the subregion as a whole including the West African Economic and Monetary Union (WAEMU). The paper also examines the channels through which such spillover effects took place.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 03/85.
Date of creation: 01 Apr 2003
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