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Economic growth across differently integrated areas : a Comparative study of CEMAC and CEPGL

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  • Gasindikira, Josue

Abstract

This study highlights, through the panel data approach, some economic growth’s determinants for Economic and Monetary Community of Central Africa (CEMAC) and economic Community of the Great Lakes Countries (CEPGL) countries from 2000 to 2018. The methodology relied on the within estimator and the Generalized Least Squares (GLS) estimator. The results indicate that Official Development Assistance (ODA) contributes significantly to economic growth within these two zones. However, the inflation rate is harmful for the CEPGL only. This situation would be caused by the fact that CEPGL is not yet a monetary zone. For CEMAC, capital has a significantly positive effect while the impact of trade openness is negative on the economic growth of these countries. Thus, relevant policies must be framed to improve economic growth levels within these zones, especially economic integration and good governance’s policies.

Suggested Citation

  • Gasindikira, Josue, 2024. "Economic growth across differently integrated areas : a Comparative study of CEMAC and CEPGL," MPRA Paper 126317, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:126317
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • F15 - International Economics - - Trade - - - Economic Integration
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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