Non-linéarité entre inflation et croissance économique : quels enseignements pour la zone BEAC ?

Ndjokou, Itchoko Motande Mondjeli Mwa; Tsopmo, Pierre Christian

doi:10.3917/edd.312.0041

Cited by 6 publications

(3 citation statements)

References 29 publications

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“…The inflation rate ( π ) captured by the growth rate of the consumer price index (CPI). The CPI is one of the better proxies for prices than the GDP deflator in developing countries because a large proportion of spending is consumer spending (Mondjeli andTsopmo, 2017). The population growth rate (pop).…”

Section: Methodology and Datamentioning

confidence: 99%

The non-linear effects of fixed broadband on economic growth in Africa

Kouam¹,

Asongu

2022

JES

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PurposeThe study assesses the non-linear nexus between fixed broadband and economic growth. The study focuses on data from 33 African countries for the period 2010 to 2020.Design/methodology/approachThe empirical evidence is based on unit root tests, panel smooth transition regression and the generalized method of moments.FindingsThe following findings are established in this study. (1) The proportion of the population with access to electricity above and below which the relationship between fixed broadband and economic growth changes in sign is about 60%. (2) Below this threshold, each 1% increase in fixed broadband subscriptions induces a decline in economic growth of about 2.58%. Above the threshold, economic growth would increase by 2.43% when fixed broadband subscriptions increase by 1%. Sensitivity analyses and generalized method of moments (GMM) estimation show that these results are robust.Practical implicationsDue to the coronavirus disease (COVID-19) pandemic, which requires countries to take adequate measures to curb the spread of the pandemic, especially by means of virtual economic activities, any national policy aiming at improving the access of populations to high levels of fixed broadband services should be preceded by the implementation of an electrification program for at least 60% of the total population. Otherwise, providing a good quality internet connection for the benefit of the population would not produce the expected effects on economic growth and would, therefore, be counterproductive.Originality/valueThis study complements the extant literature by providing thresholds at which fixed broadband affects economic growth.

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Section: Methodology and Datamentioning

confidence: 99%

The non-linear effects of fixed broadband on economic growth in Africa

Kouam¹,

Asongu

2022

JES

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“…Inflation reduces savings and discourages lending and borrowing because of high interest rates and the unprofitability of what could be done with the loan. Moreover, the work of Ndjokou and Tsopmo (2017) has shown that inflation at a certain threshold becomes counterproductive for economic agents. Yet firms need to finance themselves at low, optimal interest rates to adequately cover their investment and operating needs, in order to be able to create wealth for shareholders.…”

Section:  the Inflation Rate And Efficient Performancementioning

confidence: 99%

“…For external factors, we have, among other variables, the Inflation Rate (IR), the Oil Price Growth Rate (OPGR) and the BRVM Composite Stock Index Growth Rate (SIGR). These external factors have also been used in several works including those by Ndjokou and Tsopmo (2017), Echchabi and Azouzi (2017), Bagirov and Mateus (2019).…”

Section: Independent Variablesmentioning

confidence: 99%

A Merged Two-Dimensional Approach to Evaluating the Efficient Performance of Non-Financial Companies Listed on the Regional Securities Exchange SA (BRVM)

DEH,

GOUDIABY

2024

IBR

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The objective of this research is to study the internal and external factors that explain the efficient performance of companies listed on the BRVM using a merged two-dimensional approach. Efficient performance refers to the combination of high "financial performance and stock market performance". The results of the binomial logistic regression on a panel of companies over the periods 2011 to 2020 show that only internal factors, namely the company's flexibility in terms of financial communication, its ability to increase its intrinsic performance, its debt policy and its size, have a significant effect on the efficient performance of these companies. These results could not only serve as a frame of reference for investors to make optimal decisions (maximising both return on equity and capital gains on share sales), but also influence the management style of companies seeking to improve their attractiveness and reputation on the financial markets.

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