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Analysis of Convergence Criteria in a Proposed Monetary Union: A Study of the Economic Community of West African States

Yıl 2015, Cilt: 5 Sayı: 1, 230 - 239, 01.03.2015

Öz

This study examines the processes of the monetary union of the Economic Community of West African States (ECOWAS). It takes a critical look at the convergence criteria and the various conditions under which they are to be met. Using the panel least square technique an estimate of the beta convergence was made for the period 2000-2008. The findings show that nearly all the explanatory variables have indirect effects on the income growth rate and that there tends to be convergence in income over time. The speed of adjustment estimated is 0.2% per year and the half-life is -346.92. Thus the economies can make up for half of the distance that separates them from their stationary state. From the findings, it was concluded that a well integrated economy could further the achievement of steady growth in these countries in the long run.

Yıl 2015, Cilt: 5 Sayı: 1, 230 - 239, 01.03.2015

Öz

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Ayrıntılar

Diğer ID JA56BH33BZ
Bölüm Araştırma Makalesi
Yazarlar

Jimoh Olakunle Saka Bu kişi benim

Ibiyemi Ajoke Onafowokan Bu kişi benim

Adekunle Ademayowa Adebayo Bu kişi benim

Yayımlanma Tarihi 1 Mart 2015
Yayımlandığı Sayı Yıl 2015 Cilt: 5 Sayı: 1

Kaynak Göster

APA Saka, J. O., Onafowokan, I. A., & Adebayo, A. A. (2015). Analysis of Convergence Criteria in a Proposed Monetary Union: A Study of the Economic Community of West African States. International Journal of Economics and Financial Issues, 5(1), 230-239.
AMA Saka JO, Onafowokan IA, Adebayo AA. Analysis of Convergence Criteria in a Proposed Monetary Union: A Study of the Economic Community of West African States. IJEFI. Mart 2015;5(1):230-239.
Chicago Saka, Jimoh Olakunle, Ibiyemi Ajoke Onafowokan, ve Adekunle Ademayowa Adebayo. “Analysis of Convergence Criteria in a Proposed Monetary Union: A Study of the Economic Community of West African States”. International Journal of Economics and Financial Issues 5, sy. 1 (Mart 2015): 230-39.
EndNote Saka JO, Onafowokan IA, Adebayo AA (01 Mart 2015) Analysis of Convergence Criteria in a Proposed Monetary Union: A Study of the Economic Community of West African States. International Journal of Economics and Financial Issues 5 1 230–239.
IEEE J. O. Saka, I. A. Onafowokan, ve A. A. Adebayo, “Analysis of Convergence Criteria in a Proposed Monetary Union: A Study of the Economic Community of West African States”, IJEFI, c. 5, sy. 1, ss. 230–239, 2015.
ISNAD Saka, Jimoh Olakunle vd. “Analysis of Convergence Criteria in a Proposed Monetary Union: A Study of the Economic Community of West African States”. International Journal of Economics and Financial Issues 5/1 (Mart 2015), 230-239.
JAMA Saka JO, Onafowokan IA, Adebayo AA. Analysis of Convergence Criteria in a Proposed Monetary Union: A Study of the Economic Community of West African States. IJEFI. 2015;5:230–239.
MLA Saka, Jimoh Olakunle vd. “Analysis of Convergence Criteria in a Proposed Monetary Union: A Study of the Economic Community of West African States”. International Journal of Economics and Financial Issues, c. 5, sy. 1, 2015, ss. 230-9.
Vancouver Saka JO, Onafowokan IA, Adebayo AA. Analysis of Convergence Criteria in a Proposed Monetary Union: A Study of the Economic Community of West African States. IJEFI. 2015;5(1):230-9.