As climate change progresses, the number of people who are being forced to leave their homes and cross borders due to environmental change is increasing. At the same time, they lack safe, orderly and regular migration pathways. Regional free movement can expand the leeway for those who are...

This study aims to establish whether the effect of stock market development on the growth of economies in the Economic Community of West African States (ECOWAS) is conditioned by institutional quality threshold. To this end, we used the Hansen threshold estimation approach to assess any...

Since the ECOWAS region is most susceptible to climate change, factors driving climate change and policy processes are pressuring authorities in the region to take more action in the fight against climate change. In light of this, the paper investigates the role of financial development,...

This article evaluates the asymmetric impact of exchange rate volatility on the exports of nine ECOWAS countries to the Eurozone. By comparing Autoregressive Distributed Lag (ARDL) and Nonlinear ARDL (NARDL) models, the study concludes that the effect of volatility on ECOWAS-Eurozone exports...

This study provides country-specific empirical evidence on the optimal inflation-growth threshold in the ECOWAS (WAEMU and WAMZ) region from 1996-2022. Although there is large empirical literature on this subject, however, previous studies generally focused on exogenous approaches of determining...

In this study, we investigate the contribution of trade openness to the structural change process in ECOWAS countries. Our findings suggest that the production structural change process is significantly and positively affected by the extent of trade openness. Higher openness levels are...

On 16 September 2023, Burkina Faso, Mali and Niger - all three states led by military regimes - decided to establish a new regional organisation, the Alliance of Sahel States (Alliance des Etats du Sahel - AES). This move was prompted by the worsening of the crisis within the Economic Community...

This article examines the effects of monetary integration on the synchronization of the business cycle within ECOWAS (Economic Community of West African States) and contributes to the economic literature dealing with these aspects. First, the indicators of de facto and de jure central bank...

This study investigates the relationship among trade openness, poverty, and human capital development in the pursuit of sustainable development across a panel of ten ECOWAS economies over a 34-year period (1987-2020). Specifically, it examines the roles of trade openness, poverty, and human...

This study explores the interdependence of exchange rates between the West African Monetary Zone and the West African Economic and Monetary Union countries using monthly data from 2000 to 2021. Employing wavelet multiple correlation and wavelet multiple cross-correlation by Fernando-Macho, we...

The stability of the demand for money is a crucial element of the monetary policy of any economy. This work provides insight into the factors influencing money demand in the Economic Community of West African states. It presents an empirical analysis of money demand estimations in the region...

Research background: Understanding the rationale for macroeconomic policy coordination with the aim of achieving greater policy credibility and effectiveness in West Africa still remains the subject of debate. Purpose: This study evaluates the effect of macroeconomic policy coordination on...

Economic Community of West African States is in an advanced stage of establishing a single Eco currency with several setbacks in the launch of the currency. Most studies on Eco currency have analysed the feasibility of Eco based on economic considerations. While economic factors are pertinent to...

This paper contributes to the discussion on environmental degradation by exploring the connection between banking sector development and environmental degradation in the ECOWAS. In addition, we investigate the direction of causation between environmental degradation and its drivers and the...

Since his election in 2017, President Emmanuel Macron has tried to distance himself from established and widely criticised patterns of France's Africa policy. He diversified relations with Africa in regional and substantive terms, integrated non-state actors and cultivated a comparatively open...

Research proposes that economic policy uncertainty (EPU) leads to exchange rate fluctuations. Given that African countries experience higher levels of uncertainty in developed/emerging markets, we examine the extent to which domestic and foreign EPU affect exchange rates for a panel of 12 ECOWAS...

Purpose The market-based monetary policy framework has been favoured by Economic Community of West African States (ECOWAS) economies. Hence, this study aims to investigate the effect of monetary policy channels on the sectoral value added and sustainable economic growth in ECOWAS. Data from the...

This study analyzes the effect of trade facilitation measures on the volume of exports in ECOWAS. The analysis is based on a gravity model in panel data on a sample of 31 countries including 15 West African countries and 16 partner countries and covers the period 2006-2015. The results show that...

Regional economic integration can be pursued either through an Intergovernmental or supranational approach. The economic Community of West African States (ECOWAS) was established by the founding Treaty of 1975 (the ECOWAS Treaty) to promote economic cooperation within the region.It is against...

The study explored the nexus of human capital development, foreign direct investment, and economic growth within the ECOWAS region while controlling carbon emission, urbanization, and renewable energy. To examine the dynamic link between economic growth, human capital, foreign direct investment,...

A stream of literature has been developed on the measurement of the efficient production of innovation, that is, innovation technical efficiency. However, the efficiency measured is quite fuzzy as no distinction is made between innovation short-run and long-run efficiencies. Also, African...

The Treaty of Lagos, which created the Economic Community of West African States (ECOWAS), represented an attempt in economic integration and regional development among West African states. Before the creation of ECOWAS, the collective territory known as West Africa, was made up of an...

In January 2021, the AfCFTA entered its operational phase. This AfCFTA covers the liberalization of trade in services with a Protocol on Trade in Services. In this context, this paper examines the effects of FDI flows and ICT infrastructure on services exports, both globally and by sector in...

Monetary conditions index (MCI) has become an important indicator of monetary policy performance since its introduction by Bank of Canada in the 1990s. This is so, as the index allows central banks to gauge monetary policy stance and effectiveness. This paper builds an MCI for the seven (7)...

The introduction of a common currency in the Economic Community of West African States (ECOWAS) has been the subject of extensive research over the past couple of decades, with extant issues ranging from viability and feasibility to sustainability of monetary integration in the region. This...

Regional economies seek to promote growth through industrialisation and literature suggests that developing the financial system, integrating the financial system within a sound institutional framework can promote industrial output. This study fills the gap by examining the impact of financial...

Since institutional quality can either create or destroy incentives for individuals to engage in trade, it has become a source of worry to policymakers, as it can limit both intra- and extra-regional trade. Based on this, we empirically analyzed the extent to which national institutional quality...