in terms of GDP growth. The author also provides the speed of convergence and time required to achieve a 100 percent … convergence. Findings – But for financial intermediary size within the CFA zone, findings, for the most part, support only … unconditional convergence. There is no form of convergence within the CEMAC zone. Practical implications – The broad insignificance …

establish the dependency of private investment on private savings and private consumption is the main driver of the saving … higher private consumption could be detrimental to growth and external stability. In contrast, an investment strategy that … account appears to be driven by private consumption that determines fluctuations in imports in many developing countries. In …

consumption in the economy. Moreover, shares provide protection against inflation from monetary shocks, and a suitably chosen …