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Regional Impact of Cote D'Ivoire'S Sociopolitical Crisis: An Assessment

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Listed:
  • Dorothy Engmann
  • Mr. Ousmane Dore
  • Benoít Anne

Abstract

This paper evaluates the impact of the sociopolitical crisis in Côte 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 Côte 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.

Suggested Citation

  • Dorothy Engmann & Mr. Ousmane Dore & Benoít Anne, 2003. "Regional Impact of Cote D'Ivoire'S Sociopolitical Crisis: An Assessment," IMF Working Papers 2003/085, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2003/085
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    References listed on IDEAS

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    1. Chua, H.B. & Ades, A., 1993. "Regional Instability and Economic Growth: Thy Neighbor's Curse," Papers 704, Yale - Economic Growth Center.
    2. Paul Masson & Catherine Pattillo, 2002. "Monetary Union in West Africa: An Agency of Restraint for Fiscal Policies?," Journal of African Economies, Centre for the Study of African Economies, vol. 11(3), pages 387-412, September.
    3. Alesina, Alberto & Perotti, Roberto, 1996. "Income distribution, political instability, and investment," European Economic Review, Elsevier, vol. 40(6), pages 1203-1228, June.
    4. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 407-443.
    5. Guillaumont, Patrick & Jeanneney, Sylviane Guillaumont & Brun, Jean-Francois, 1999. "How Instability Lowers African Growth," Journal of African Economies, Centre for the Study of African Economies, vol. 8(1), pages 87-107, March.
    6. Alesina, Alberto & Özler, Sule & Roubini, Nouriel & Swagel, Phillip, 1996. "Political Instability and Economic Growth," Journal of Economic Growth, Springer, vol. 1(2), pages 189-211, June.
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    Cited by:

    1. Minoiu, Camelia & Shemyakina, Olga N., 2014. "Armed conflict, household victimization, and child health in Côte d'Ivoire," Journal of Development Economics, Elsevier, vol. 108(C), pages 237-255.

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