The Impact Of Monetary Union On Regional Integration In West Africa

This study investigates the effect of monetary union on regional integrations in a panel sample of 16 West African countries over the period of 1980 – 2020 using a dynamic factor model along with the estimates of Driscoll-Kraay and panel autoregressive distributive lag model. Firstly, it examines th...

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Main Author: Olaiwola, Jimoh Sodiq
Format: Thesis
Language:English
Published: 2022
Subjects:
Online Access:http://eprints.usm.my/59173/1/24%20Pages%20from%20JIMOH%20SODIQ%20OLAIWOLA%20-%20TESIS.pdf
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spelling my-usm-ep.591732023-08-18T01:05:24Z The Impact Of Monetary Union On Regional Integration In West Africa 2022-03 Olaiwola, Jimoh Sodiq H1-99 Social sciences (General) This study investigates the effect of monetary union on regional integrations in a panel sample of 16 West African countries over the period of 1980 – 2020 using a dynamic factor model along with the estimates of Driscoll-Kraay and panel autoregressive distributive lag model. Firstly, it examines the feasibility of a common currency in the West African region. Secondly, it analyzes the effect of common currency on the intra-regional trade integration in the West African region. Thirdly, it assesses the effect of common currency on the financial integration in the West African region. Evidence from the dynamic factor model reveal that Guinea, Guinea Bissau, Mali, Sierra Leone, and Togo respond similarly to common regional and idiosyncratic factors in the West African region. Thus, these countries constitute the core countries for the proposed union. 2022-03 Thesis http://eprints.usm.my/59173/ http://eprints.usm.my/59173/1/24%20Pages%20from%20JIMOH%20SODIQ%20OLAIWOLA%20-%20TESIS.pdf application/pdf en public phd doctoral Perpustakaan Hamzah Sendut Pusat Pengajian Sains Kemasyarakatan
institution Universiti Sains Malaysia
collection USM Institutional Repository
language English
topic H1-99 Social sciences (General)
spellingShingle H1-99 Social sciences (General)
Olaiwola, Jimoh Sodiq
The Impact Of Monetary Union On Regional Integration In West Africa
description This study investigates the effect of monetary union on regional integrations in a panel sample of 16 West African countries over the period of 1980 – 2020 using a dynamic factor model along with the estimates of Driscoll-Kraay and panel autoregressive distributive lag model. Firstly, it examines the feasibility of a common currency in the West African region. Secondly, it analyzes the effect of common currency on the intra-regional trade integration in the West African region. Thirdly, it assesses the effect of common currency on the financial integration in the West African region. Evidence from the dynamic factor model reveal that Guinea, Guinea Bissau, Mali, Sierra Leone, and Togo respond similarly to common regional and idiosyncratic factors in the West African region. Thus, these countries constitute the core countries for the proposed union.
format Thesis
qualification_name Doctor of Philosophy (PhD.)
qualification_level Doctorate
author Olaiwola, Jimoh Sodiq
author_facet Olaiwola, Jimoh Sodiq
author_sort Olaiwola, Jimoh Sodiq
title The Impact Of Monetary Union On Regional Integration In West Africa
title_short The Impact Of Monetary Union On Regional Integration In West Africa
title_full The Impact Of Monetary Union On Regional Integration In West Africa
title_fullStr The Impact Of Monetary Union On Regional Integration In West Africa
title_full_unstemmed The Impact Of Monetary Union On Regional Integration In West Africa
title_sort impact of monetary union on regional integration in west africa
granting_institution Perpustakaan Hamzah Sendut
granting_department Pusat Pengajian Sains Kemasyarakatan
publishDate 2022
url http://eprints.usm.my/59173/1/24%20Pages%20from%20JIMOH%20SODIQ%20OLAIWOLA%20-%20TESIS.pdf
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