Private Sector Development in West Africa.
Seck, Diery.
Private Sector Development in West Africa. - 1st ed. - 1 online resource (240 pages) - Advances in African Economic, Social and Political Development Series . - Advances in African Economic, Social and Political Development Series .
Intro -- 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 Countries -- 4.2 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 Countries -- 1 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 WAMZ -- 2.1 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 Autoregression -- 5.2.2 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 -- 5 Empirical Results -- 6 Policy Recommendations and Conclusion -- References -- The Integration of Africa: Commodity Based Industrialization Examined -- 1 Background -- 2 Competing Development Paradigms -- 3 Pathways to Development -- 4 Patterns of Trade -- 5 The Lure of Intra African Trade -- 6 Gravity Equation and Gravity Model of Trade -- 7 Estimating the Gravity Model for ECOWAS -- 8 Index of Intra Regional Trade -- 9 Africa in the Spotlight -- 10 Conclusion -- Appendix -- References -- Do Inequality-Based Entry Barriers Deter the Formation of Female-Owned Firms in Nigeria? -- 1 Introduction. 2 A Simple Limit Profit Model of Firm Entry -- 3 Data -- 4 Results -- 5 Conclusion -- References -- Part III: Determinants of Private Sector Development -- Financial Constraints and Private Sector Development Within the ECOWAS -- 1 Introduction -- 2 Review of the Literature -- 3 The Economic and Business Environment Within West African Countries -- 4 Credit Constraints and Development -- 5 Methodology and Data -- 5.1 Section A: Empirical Model -- 5.2 Analysis of Results -- 5.3 Section B: Determinants of Private Sector Credit in West Africa -- 5.4 Data, Results and Discussion on the Determinants of Credit -- 6 Conclusion -- Appendix -- References -- Electronic Databases -- Brand Africa and Sustainable Development: Evidence from the Field -- 1 Introduction -- 2 Conceptual Elaborations -- 2.1 Place as Brands -- 2.2 Sustainable Development -- 2.3 Human Capital and Private Sector Development -- 3 Research Methodology: Netnography and Semi Structured Interviews -- 4 Research Findings: Analysis -- 4.1 Brand Africa as a People-Centred Construct -- 4.2 People as the Drivers of Sustainable Development: Human Capital and Private Sector Development -- 4.3 Human Capital and Private Sector Development: Needs Based Approach -- 5 Policy Implications -- 5.1 Sector Specific and Tailored Human Capital Development Initiatives -- 5.2 Increased Investment into Scientific Research for Key Economic Sectors -- 5.3 Systematic Data Collection and Assessment -- 5.4 Fostering a Culture of Innovation -- 6 Conclusion -- Appendix 1 -- Appendix 2 -- Appendix 3 -- References -- The Role of the State in Promoting Regional Integration and Private Sector Development -- 1 Introduction -- 2 Theoretical and Empirical Literature Review -- 3 Data and Model Specification -- 3.1 Descriptive Results -- 3.2 Econometric Results -- 4 Conclusion and Policy Implications -- References. Corruption in Government Procurement: On the Motivations of Small and Medium Enterprises in Burkina Faso -- 1 Introduction -- 2 Model -- 3 Data -- 4 Results -- 4.1 Description of Variables -- 4.2 Estimation -- 4.3 Choice of Estimation Method -- 4.4 Results Analysis -- 5 Conclusion -- Appendix: Results if the Model is Computed by Probit -- References -- Index.
9783319051888
Privatization -- Africa, West.
Electronic books.
HD72-88
338.966
Private Sector Development in West Africa. - 1st ed. - 1 online resource (240 pages) - Advances in African Economic, Social and Political Development Series . - Advances in African Economic, Social and Political Development Series .
Intro -- 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 Countries -- 4.2 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 Countries -- 1 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 WAMZ -- 2.1 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 Autoregression -- 5.2.2 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 -- 5 Empirical Results -- 6 Policy Recommendations and Conclusion -- References -- The Integration of Africa: Commodity Based Industrialization Examined -- 1 Background -- 2 Competing Development Paradigms -- 3 Pathways to Development -- 4 Patterns of Trade -- 5 The Lure of Intra African Trade -- 6 Gravity Equation and Gravity Model of Trade -- 7 Estimating the Gravity Model for ECOWAS -- 8 Index of Intra Regional Trade -- 9 Africa in the Spotlight -- 10 Conclusion -- Appendix -- References -- Do Inequality-Based Entry Barriers Deter the Formation of Female-Owned Firms in Nigeria? -- 1 Introduction. 2 A Simple Limit Profit Model of Firm Entry -- 3 Data -- 4 Results -- 5 Conclusion -- References -- Part III: Determinants of Private Sector Development -- Financial Constraints and Private Sector Development Within the ECOWAS -- 1 Introduction -- 2 Review of the Literature -- 3 The Economic and Business Environment Within West African Countries -- 4 Credit Constraints and Development -- 5 Methodology and Data -- 5.1 Section A: Empirical Model -- 5.2 Analysis of Results -- 5.3 Section B: Determinants of Private Sector Credit in West Africa -- 5.4 Data, Results and Discussion on the Determinants of Credit -- 6 Conclusion -- Appendix -- References -- Electronic Databases -- Brand Africa and Sustainable Development: Evidence from the Field -- 1 Introduction -- 2 Conceptual Elaborations -- 2.1 Place as Brands -- 2.2 Sustainable Development -- 2.3 Human Capital and Private Sector Development -- 3 Research Methodology: Netnography and Semi Structured Interviews -- 4 Research Findings: Analysis -- 4.1 Brand Africa as a People-Centred Construct -- 4.2 People as the Drivers of Sustainable Development: Human Capital and Private Sector Development -- 4.3 Human Capital and Private Sector Development: Needs Based Approach -- 5 Policy Implications -- 5.1 Sector Specific and Tailored Human Capital Development Initiatives -- 5.2 Increased Investment into Scientific Research for Key Economic Sectors -- 5.3 Systematic Data Collection and Assessment -- 5.4 Fostering a Culture of Innovation -- 6 Conclusion -- Appendix 1 -- Appendix 2 -- Appendix 3 -- References -- The Role of the State in Promoting Regional Integration and Private Sector Development -- 1 Introduction -- 2 Theoretical and Empirical Literature Review -- 3 Data and Model Specification -- 3.1 Descriptive Results -- 3.2 Econometric Results -- 4 Conclusion and Policy Implications -- References. Corruption in Government Procurement: On the Motivations of Small and Medium Enterprises in Burkina Faso -- 1 Introduction -- 2 Model -- 3 Data -- 4 Results -- 4.1 Description of Variables -- 4.2 Estimation -- 4.3 Choice of Estimation Method -- 4.4 Results Analysis -- 5 Conclusion -- Appendix: Results if the Model is Computed by Probit -- References -- Index.
9783319051888
Privatization -- Africa, West.
Electronic books.
HD72-88
338.966