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The Effect of Economic Sectors on the National Income of West African Economies from 2010 to 2019: A Multiple Regression Analysis

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  • Van, Germinal

Abstract

The purpose of this paper is to explain the effect that economic sectors exert on the national income of West African countries during the last decade. Since the post-colonial era, agriculture has been the primary and the predominant sector of West African economies. However, since the late 1990s and early 2000s, through various observational data, we could perceive that the manufacturing and services sectors began to bring a broader contribution to the economic production of West African countries. Through the use of a multiple regression analysis, this paper aims to explain the correlation and impact that each of these sectors exercises on the national income of the sixteen countries that encapsulate the West African region.

Suggested Citation

  • Van, Germinal, 2020. "The Effect of Economic Sectors on the National Income of West African Economies from 2010 to 2019: A Multiple Regression Analysis," MPRA Paper 102417, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:102417
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    References listed on IDEAS

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    1. Feinstein, Charles H., 1998. "Pessimism Perpetuated: Real Wages and the Standard of Living in Britain during and after the Industrial Revolution," The Journal of Economic History, Cambridge University Press, vol. 58(3), pages 625-658, September.
    2. Christiaensen, Luc & Demery, Lionel & Kuhl, Jesper, 2011. "The (evolving) role of agriculture in poverty reduction--An empirical perspective," Journal of Development Economics, Elsevier, vol. 96(2), pages 239-254, November.
    3. Thomas Allen & Philipp Heinrigs & Inhoi Heo, 2018. "Agriculture, Food and Jobs in West Africa," West African Papers 14, OECD Publishing.
    4. Luc Christiaensen & Lionel Demery & Jesper Kühl, 2010. "The (Evolving) Role of Agriculture in Poverty Reduction," WIDER Working Paper Series wp-2010-036, World Institute for Development Economic Research (UNU-WIDER).
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    Cited by:

    1. Bonoua Faye & Guoming Du & Ru Zhang, 2022. "Efficiency Analysis of Land Use and the Degree of Coupling Link between Population Growth and Global Built-Up Area in the Subregion of West Africa," Land, MDPI, vol. 11(6), pages 1-21, June.

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    More about this item

    Keywords

    Econometrics; Economic Growth; Statistical Modeling; Development Economics; Macroeconomics; Aggregate Production;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • C55 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Large Data Sets: Modeling and Analysis
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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