While previous studies have explored the relationship between inflation and economic growth, the existing literature on threshold effect of inflation on economic growth in the West African Monetary Zone (WAMZ) predominantly assumes a linear association, neglecting the possibility of...

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...

This study presents novel empirical evidence on the optimal disaggregated public debt-growth threshold in the WAMZ over the period 1996-2022. Determining the public debt-growth threshold in a disaggregated form is crucial for macroeconomic policy measures in the region to curb high public debt...

This paper explores the macroeconomic implications of the COVID-19 pandemic in the WAMZ and discusses measures that could be employed to mitigate the adverse economic effects of the pandemic to preserve the gains already achieved towards regional integration. It identifies the channels through...

Concerns about the impact of the general global uncertainty on economic performance have dominated academic debate in the aftermath of the Global Financial Crisis leading to huge body of empirical studies on ways of measuring and quantifying countries uncertainty and its impact on GDP,...

The study analysed the macroeconomic developments in the West African Monetary Zone (WAMZ), focusing on macroeconomic imbalances for the period 2001-2022. The variables of interest in this study include inflation rate, real Gross Domestic Product (GDP) growth rate, current account balance,...

This paper investigates the relationship between credit to agriculture and agricultural output in Nigeria by means of nonlinear autoregressive distributed lag (NARDL) model using a time series data from 1992Q1 to 2015Q4. Results show no evidence of asymmetry in the impact of credit to output...

This paper investigates the connection between foreign direct investment and economic growth in Nigeria during the period 2000Q1-2020Q2 using an Autoregressive Distributed lag model. We control for the influence of several macroeconomic variables, including treasury bill rate, government...

This study estimates the rate and distance to convergence of WAMZ Member States and provides a comparative analysis of nominal and real convergence to evaluate WAMZ's preparedness for monetary integration. We employ monthly data on the consumer price index and nominal exchange rate from January...