IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/111759.html
   My bibliography  Save this paper

Analysis of the Evolution of Income Disparities Among WAEMU Member Countries

Author

Listed:
  • COULIBALY, Niénéyéri Mamadou

Abstract

The main aims of this study are to examine the income disparities’ evolution among the West-African Economic and Monetary Union (WAEMU) countries over the period 1980-2019, and to determine whether the reforms implemented in the region since 1994 have helped to reduce or to accentuate the income disparities among the Member States of the Union. The approach used for the analysis is that of sigma-convergence. It consists in studying the evolution of income dispersion over time, standard deviation being generally used as measure of dispersion. The results obtained show a reduction of per capita income inequalities among the WAEMU Member States. They also point out that the reforms undertaken in the area since 1994 have partly helped to reduce the income disparities among nations. In view of these findings, the study recommends to the community authorities to continue the implementation of the reforms and to reinforce the coordination as well as the harmonization of economical, financial and commercial policies of the Union.

Suggested Citation

  • COULIBALY, Niénéyéri Mamadou, 2021. "Analysis of the Evolution of Income Disparities Among WAEMU Member Countries," MPRA Paper 111759, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:111759
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/111759/1/MPRA_paper_111759.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    3. Niang, Abdou-Aziz, 2010. "Croissance et convergence économique en Afrique : L’impact des effets spatiaux [Growth and convergence in Africa: The impact of spatial effects]," MPRA Paper 24059, University Library of Munich, Germany.
    4. Richard Easterlin, 1960. "Interregional Differences in Per Capita Income, Population, and Total Income, 1840-1950," NBER Chapters, in: Trends in the American Economy in the Nineteenth Century, pages 73-140, National Bureau of Economic Research, Inc.
    5. Erich Streissler, 1979. "Growth Models As Diffusion Processes:," Kyklos, Wiley Blackwell, vol. 32(3), pages 571-586, August.
    6. Robert J. Barro & Xavier Sala-i-Martin, 1990. "Economic Growth and Convergence across The United States," NBER Working Papers 3419, National Bureau of Economic Research, Inc.
    7. Wolassa Lawisso Kumo, 2011. "Working Paper 130 - Growth and Macroeconomic Convergence in Southern Africa," Working Paper Series 314, African Development Bank.
    8. Combey, Adama & Mally, Komla, 2010. "Impact du pacte de convergence, de stabilité et de croissance sur la convergence réelle dans l’UEMOA [The impact of convergence, stability and growth pact on real convergence in the WAEMU]," MPRA Paper 24408, University Library of Munich, Germany.
    9. Barro, Robert J & Sala-i-Martin, Xavier, 1992. "Convergence," Journal of Political Economy, University of Chicago Press, vol. 100(2), pages 223-251, April.
      • Barro, R.J. & Sala-I-Martin, X., 1991. "Convergence," Papers 645, Yale - Economic Growth Center.
      • Barro, Robert J. & Sala-i-Martin, Xavier, 1992. "Convergence," Scholarly Articles 3451299, Harvard University Department of Economics.
    10. Sri Kurniawati, 2019. "Sigma Convergence and VECM Approach in Explaining the Relationship among Macro Variables in Indonesia," GATR Journals jber181, Global Academy of Training and Research (GATR) Enterprise.
    11. Erich Streissler, 1979. "Growth Models As Diffusion Processes," Kyklos, Wiley Blackwell, vol. 32(1‐2), pages 251-269, February.
    12. Robert J. Barro & Paul Romer, 1993. "Economic Growth (1992)," NBER Books, National Bureau of Economic Research, Inc, number barr93-1, March.
    13. Robert J. Barro & Xavier Sala-i-Martin, 1991. "Convergence across States and Regions," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 22(1), pages 107-182.
    14. Dowrick, Steve & Nguyen, Duc-Tho, 1989. "OECD Comparative Economic Growth 1950-85: Catch-Up and Convergence," American Economic Review, American Economic Association, vol. 79(5), pages 1010-1030, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. ?gel de la Fuente, "undated". "Convergence Across Countries And Regions: Theory And Empirics," UFAE and IAE Working Papers 447.00, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    2. Cardenas, Mauricio & Ponton, Adriana, 1995. "Growth and convergence in Colombia: 1950-1990," Journal of Development Economics, Elsevier, vol. 47(1), pages 5-37, June.
    3. Cunado, J. & Perez de Gracia, F., 2006. "Real convergence in Africa in the second-half of the 20th century," Journal of Economics and Business, Elsevier, vol. 58(2), pages 153-167.
    4. Douglas Holtz-Eakin, 1992. "Solow and the States: Capital Accumulation, Productivity and Economic Growth," NBER Working Papers 4144, National Bureau of Economic Research, Inc.
    5. Ben-David, Dan, 1996. "Trade and convergence among countries," Journal of International Economics, Elsevier, vol. 40(3-4), pages 279-298, May.
    6. Evans, Paul & Karras, Georgios, 1996. "Convergence revisited," Journal of Monetary Economics, Elsevier, vol. 37(2-3), pages 249-265, April.
    7. Grafström, Jonas, 2017. "An Econometric Analysis of Divergence of Renewable Energy Invention Efforts in Europe," Ratio Working Papers 295, The Ratio Institute.
    8. Tunali, Çiǧdem Börke & Yilanci, Veli, 2010. "Are per capita incomes of MENA countries converging or diverging?," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 389(21), pages 4855-4862.
    9. Magrini, Stefano, 1999. "The evolution of income disparities among the regions of the European Union," Regional Science and Urban Economics, Elsevier, vol. 29(2), pages 257-281, March.
    10. Eckey, Hans-Friedrich & Türck, Matthias, 2007. "Convergence of EU-Regions. A Literature Report," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 10, pages 5-32.
    11. de la Fuente, Angel, 1997. "The empirics of growth and convergence: A selective review," Journal of Economic Dynamics and Control, Elsevier, vol. 21(1), pages 23-73, January.
    12. Erich Gundlach, 1997. "Openness and economic growth in developing countries," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 133(3), pages 479-496, September.
    13. David Sondermann, 2014. "Productivity in the euro area: any evidence of convergence?," Empirical Economics, Springer, vol. 47(3), pages 999-1027, November.
    14. Bernard, Andrew B. & Durlauf, Steven N., 1996. "Interpreting tests of the convergence hypothesis," Journal of Econometrics, Elsevier, vol. 71(1-2), pages 161-173.
    15. Juncal Cunado & Luis A. Gil-Alana & Fernando Pérez de Gracia, 2006. "Additional Empirical Evidence on Real Convergence: A Fractionally Integrated Approach," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 142(1), pages 67-91, April.
    16. Gregory Mankiw, 1995. "The Growth of Nations," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(1, 25th A), pages 275-326.
    17. Iancu, Aurel, 2009. "Real Economic Convergence," Working Papers of National Institute for Economic Research 090104, Institutul National de Cercetari Economice (INCE).
    18. Sukkoo Kim, 1997. "Economic Integration and Convergence: U.S. Regions, 1840-1987," NBER Working Papers 6335, National Bureau of Economic Research, Inc.
    19. Ahmet Kýndap & Tayyar Dogan, 2019. "Regional Economic Convergence and Spatial Spillovers in Turkey," International Econometric Review (IER), Econometric Research Association, vol. 11(1), pages 1-23, April.
    20. Roberto Ezcurra, 2001. "Convergencia Y Cambio Estructural En La Unión Europea," Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra 0111, Departamento de Economía - Universidad Pública de Navarra.

    More about this item

    Keywords

    income disparities; income inequalities; Sigma-Convergence and WAEMU;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies
    • F15 - International Economics - - Trade - - - Economic Integration
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:111759. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.