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The debate on the need for Sub-Saharan African (SSA) countries to foster inclusive growth has intensified following the coming into force of the African Continental Free Trade Area (AfCFTA), and the emergence of the coronavirus pandemic. A conspicuous lacuna in the literature is a lack of...
Persistent link: https://www.econbiz.de/10012590001
The debate on the need for Sub-Saharan African (SSA) countries to increase female participation in the economic sector has intensified the coming into force of the African Continental Free Trade Area (AfCFTA) and good governance. This study investigates the joint effects of governance...
Persistent link: https://www.econbiz.de/10012663326
This paper discusses common policies of the member countries of the Central African Economic and Monetary Community (CEMAC). Medium-term prospects for CEMAC are uncertain. Despite their recent stabilization, oil prices are projected to remain well below pre-shock levels in the medium term. In...
Persistent link: https://www.econbiz.de/10011376876
Integration in Africa can only be a long-term attempt to solve economic problems, because of its high absorption of scarce and therefore expensive factors of production. In contrast to integration, cooperation seems to be a more useful approach to tackle the urgent employment and growth problems.
Persistent link: https://www.econbiz.de/10011556645
The creation of the economic and monetary community of central Africa (CEMAC) in 1994 as the successor to the economic and customs union of central Africa (UDEAC) engendered much hope in the sub-regional integration process of the Central African States, a region which had faced many challenges...
Persistent link: https://www.econbiz.de/10010496294
Despite a more favorable external environment, marked by the rebound in global growth, fast-increasing oil prices, and unprecedented Fund financial support, CEMAC is ending 2021 in a fragile external position. Net external reserves fell throughout 2021 to reach their lowest level in decades, and...
Persistent link: https://www.econbiz.de/10013169194
The Central African Economic and Monetary Community, more frequently and generally referred to as the CEMAC, from its French acronym; Communauté Economique et Monetaire des Etats de l'Afrique Centrale, has been striving for many years to institute fully functional and mutually beneficial...
Persistent link: https://www.econbiz.de/10012972257
The European Union has been seen as a new type of 'normative power', aiming at diffusing its values through its external policy. The EU influence in Sub-Saharan Africa is particularly worth noting. The EU is historically a leading partner for Africa and it presents itself to the African...
Persistent link: https://www.econbiz.de/10013052378
We applied the threshold autoregressive and difference-in-differences techniques to examine the effects of adopting a common currency on bilateral trade flows between member states of the Central African Economic and Monetary Community (CEMAC) customs union, over the period from 1980 to 2013. We...
Persistent link: https://www.econbiz.de/10012805539