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
- Looking forward to reading some new Sarah Shun-lien Bynum
- “Novels are machines for falsely generating belief”… essay on fiction, by Zadie Smith in The New York Review of Books
- The Big Sleep, by Raymond Chandler
- Fiasco, by Thomas Ricks
- Adam and Allison Grant rewrite children’s books and much fiction: “Noble deed doers, you should first lecture the victims and help them help themselves more otherwise you are an enabler…”
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