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Author/Editor:
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Dore, Ousmane ; Anne, Benoít ; Engmann, Dorothy
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Publication Date:
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April 01, 2003
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Electronic Access:
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Free Full text
(PDF file size is 868KB).
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
This paper evaluates the impact of the sociopolitical crisis in Côte d'Ivoire on the economies of its neighbors. Using a nonsubjective weighted index of regional instability in cross-country time-series regressions, it shows that the increase in regional instability caused by domestic instability in Côte d'Ivoire had a negative effect on the growth performance of its most direct neighbors, but no significant effect on the subregion as a whole including the West African Economic and Monetary Union (WAEMU). The paper also examines the channels through which such spillover effects took place.
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Series:
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Working Paper No. 03/85
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Subject(s):
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Economic conditions | Cote d'Ivoire | Economic growth | Economic models | West African Economic and Monetary Union | Côte d'Ivoire
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Author's Keyword(s):
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Regional integration | contagion | economic growth | regressions |
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