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Private Sector Development in West Africa.
This book examines key determinants of private sector development in West Africa, putting special emphasis on government's cardinal role in fostering and supporting entrepreneurship. Favorable macroeconomic conditions are identified and it is shown that adequate policies that contribute to econ...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Dordrecht :
Springer,
2014.
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| Colección: | Advances in African economic, social and political development.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Preface; Introduction; Contents; List of Contributors; Part I: Macroeconomic Policy and Private Sector; Proposed Architecture for an ECOWAS Common Currency Union; 1 Introduction; 2 West Africa ́s Initial Conditions; 2.1 Current Monetary Arrangements of ECOWAS Countries; 2.2 Basic Statistics and Volatility of ECOWAS Countries; 2.3 Initial Institutional and Policy Challenges; 3 Justification of the ECOWAS Common Currency Union; 3.1 Key Issues and Motives for the CCU; 3.2 ECOWAS as an Optimum Currency Area (OCA) and the Welfare Gains for Union Members; 4 What Type of Monetary Union for ECOWAS.
- 4.1 Extension of the UEMOA to Other West African Countries4.2 Merger of WAMZ and UEMOA; 4.3 Immediate Creation of a New Currency; 5 Proposed Architecture for the Common Currency; 5.1 Methodological Approach; 5.2 Selection of Initial Members of the ECOWAS Common Currency Union; 5.3 Role and Status on Non-members; 5.4 Level and Management of Foreign Reserves; 5.4.1 Adequacy of Initial Level of Union Reserves; 5.4.2 Management of Reserves and Individual Countries ́ Contributions; 5.4.3 Structural External Reserves and Temporary Relief Mechanisms; 6 Conclusion; Appendix; References.
- The Quest for a Monetary Union in ECOWAS: An Econometric Test for Convergence of Countries1 Background; 2 Literature Review; 3 Methodology; 3.1 Testing Technique; 3.2 Data Issue; 4 Empirical Analysis; 4.1 Nominal Convergence; 4.1.1 Exchange Rate; 4.1.2 Interest Rate; 4.1.3 Reserve Money; 4.1.4 Inflation; 4.1.5 Budget Deficit; 4.2 Real Convergence; 5 Conclusion and Policy Implications; 5.1 Conclusion; 5.2 Policy Implications; Appendix; References; Fiscal and Monetary Policy Coordination in the WAMZ: Implications for Member States ́ Performance on the Convergence Criteria; 1 Introduction.
- 2 Background: Institutional Arrangements in the WAMZ2.1 The Gambia; 2.2 Ghana; 2.3 Guinea; 2.4 Liberia; 2.5 Nigeria; 2.6 Sierra Leone; 3 Literature Review; 3.1 Theoretical Literature Review; 3.2 Empirical Literature Review; 4 Theoretical Frame Work and Methodology; 4.1 Policy Functions and Coordination; 4.2 Theoretical Model Specification; 4.3 Empirical Model Specification; 4.3.1 Set Theoretic Approach; 4.3.2 A Vector Autoregressive Technique; 4.4 Data Type and Sources; 5 Presentation and Analysis of Empirical Results; 5.1 Set Theoretic Model Results; 5.2 VAR Model Results.
- 5.2.1 Results of the Panel Vector Autoregression5.2.2 Results of the Country-Specific Vector Autoregressions; 6 Conclusion and Policy Recommendations; 6.1 Summary of Findings; 6.2 Policy Recommendations; 7 Appendix 1: Granger Causality Test Results; 8 Appendix 2: Stationarity (ADF at Levels) Test Results; 9 Appendix 3: Lag Length Test Results; References; Part II: Sectoral Policy and Private Sector; Private Sector Development and Economic Diversification: Evidence from West African States; 1 Introduction; 2 Overview of the West African Economy; 3 Review of Literature; 4 Data and Methodology.