Determining convergence among countries in West Africa in the digital era
Achieving sustainable economic growth is essential for the economic development of countries. This depends on many factors, including technological progress and capital accumulation, which are both inevitable. Although researchers have explored the roles of technological progress and capital accumul...
Elmentve itt :
| Szerző: | |
|---|---|
| Testületi szerző: | |
| Dokumentumtípus: | Könyv része |
| Megjelent: |
University of Szeged, Faculty of Economics and Business Administration, Doctoral School in Economics
Szeged
2025
|
| Sorozat: | Conference in cooperation with the European Association for Comparative Economic Studies
|
| Kulcsszavak: | Területfejlesztés - regionális - Nyugat-Afrika |
| Tárgyszavak: | |
| doi: | 10.14232/gtk.ppsgdte.2025.12 |
| Online Access: | http://acta.bibl.u-szeged.hu/89227 |
| Tartalmi kivonat: | Achieving sustainable economic growth is essential for the economic development of countries. This depends on many factors, including technological progress and capital accumulation, which are both inevitable. Although researchers have explored the roles of technological progress and capital accumulation in the economic growth of countries, understanding how these countries converge in their steady states remains relatively underresearched. This paper analyzes convergence in the context of West Africa using the Solow growth model with a specific focus on the Cobb-Douglas production function. The paper utilizes a balanced panel methodology with a dataset spanning from 2000 to 2019, based on a sample of 11 West African countries. The findings reveal that Mauritania has the highest GDP per capita, while Niger has the lowest. Furthermore, Nigeria recorded the highest growth rate in per capita GDP over this period at 9.16%, which is twice as high as that of its counterparts and some developed economies, such as the USA and Germany, in 2019. Additionally, Mauritania has the highest GDP per unit of effective worker, and Sierra Leone has the lowest. Also, digitalization impacts economic growth. Overall, the paper provides evidence of conditional convergence among countries in West Africa. |
|---|---|
| Terjedelem/Fizikai jellemzők: | 209-231 |
| ISBN: | 978-963-688-088-0 |