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041 _afre
042 _adc
100 1 0 _aAvom, Désiré
_eauthor
700 1 0 _a Bobbo, Amadou
_eauthor
700 1 0 _a Mignamissi, Dieudonné
_eauthor
245 0 0 _aEnhance the Effectiveness of Macroeconomic Convergence in the EMCCA2
260 _c2017.
500 _a67
520 _aWithin a multilateral monitoring framework, EMCCA countries have been pursuing the process of macroeconomic convergence since 1994. In this context, this paper seeks to illustrate if that process is economic growth-enhancing. To achieve this objective, use is made of an augmented Solow growth model. Results show that the implementation of the convergence criteria registered no significant effect on economic growth among member countries. These findings were largely attributable to the high degree of heterogeneity among EMCCA economies. Restructuring the existing multilateral monitoring mechanisms, with this in mind, would unleash the desired economic growth impact.Codes JEL: C33, C36, F020, O55.
690 _aEMCCA
690 _apanel data
690 _aeconomic growth
690 _ainstrumental variables
690 _aconvergence
786 0 _nRevue d’économie du développement | 23 | 4 | 2017-02-22 | p. 43-81 | 1245-4060
856 4 1 _uhttps://shs.cairn.info/journal-revue-d-economie-du-developpement-2015-4-page-43?lang=en&redirect-ssocas=7080
999 _c470572
_d470572