Contrainte de crédit et convergence vers la frontière technologique. Qu'en est-il des pays de la zone CFA ?

This work aims to study the effects of credit-market imperfection on the convergence of the cfa zone to the frontier growth rate. It focuses on the fact that a less efficient credit market is a constraint that prevents these countries to benefit from technology transfer and causes them to deviate from the frontier of growth. The empirical approach based on generalized method of moments (gmm) in dynamic panel shows that a low level of financial development significantly slow the rate of convergence of these countries. Classification JEL : F20, G18, O16, O4.