Foreign Direct Investment (FDI) is widely recognized as an engine of the structural transformation in development theories. We analyzed the effects of FDI on the structural transformation in West African Economic and Monetary Union (WAEMU) countries by considering the industry, manufacturing,...

This research analyses the effects of structural transformation on sectoral employment and sectoral labour productivity in WAEMU countries. To achieve this, the methodological approach adopted consists of decomposing the economy into three sectors, namely agriculture, industry and services. The...

Recent developments in the monetary situation in West Africa, in particular the transformation for the CFA franc area and the project to build a single currency for the CEDEAO/ECOWAS, require a systematic review of the assumptions underlying the formation of monetary unions. The article provides...

The Gnassingbé clan has ruled the country since 1967. The demand for political alternance, initiated by institutional and electoral reforms, constituted the major contentious issue between the government and the challengers of the Gnassingbé regime throughout the survey period. An alliance of...

The EMU crisis holds special lessons for existing monetary unions. We assess the behavior of real effective exchange rates (REERs) of members of the Central African Economic and Monetary Community (CEMAC) zone with respect to their long-term equilibrium paths. A reduced form of the fundamental...

In a rapidly changing environment in which the majority of countries in the Economic Community of West African States (WAEMU) zone have put the wheels in motion to lay the foundations of emergence, it is a matter of urgency that the zone’s monetary policy undergo therapy. The aim of this study...