Flux d’aides et d’investissements directs étrangers en provenance de l’union Européenne et croissance économique dans les grands pays de la zone franc

The aim of this paper is to assess the relative impact of aid and foreign direct investment (FDI) flows received from the European Union (EU) on the GDP of the large countries of the CFA zone. An error correction model is used based on the data of a panel. Estimated results show that, contrary to aid flows, foreign direct investment (FDI) coming from the EU does not have significant effects on the GDP of the large countries of the CFA zone. In addition, it appears that flows of FDI received from the rest of the world affect positively and significantly the GDP of this sample of country.