The results show that during the period 1980–2012, with the exception of Nigeria and Cote d’Ivoire productivity growth was not the hardcore of the growth observed in the ECOWAS countries but the growth was driven by factor accumulation. In addition, the contribution of labour to growth was positive but low in all the countries, the contribution of capital was negative in Cote d’Ivoire and Nigeria but positive in the other countries and that of total factor productivity was negative in Burkina Faso, Cape Verde, Ghana, Guinea, Mali, Niger and Senegal. The policy implication of this result is that in order to enhance long run economic growth in ECOWAS countries there is need to exert more efforts at raising productivity of factors of production. This requires more efforts at building human capacity for labour to be more effective and more investment in infrastructure, especially energy, in order to make capital more productive.
Blogs I Follow
- A visit to Bougounam library in #Burkina Faso
- I have evolved to a proud Type 3.7 Stata user, but know that still has problems
- Ancillary Justice by Ann Leckie
- What an unfortunate example to use to explain reverse correlation technique in social psychology
- Great article by Emily Oster and Geoffrey Kocks on vaccination in California
- An error has occurred; the feed is probably down. Try again later.