This paper evaluates the impact of official development assistance on the growth of WAEMU countries using an econometric approach. This assessment heeds the recommendation of the 2002 Monterrey Conference that diversification of development support resources is needed. The results obtained indicate that the total net public assistance received has a positive and significant impact in the short and long term on the growth of WAEMU countries. By diversifying the development support resources of the zone, the minimum threshold of official development assistance needed to boost the growth of the countries of the zone is 13.5% of GDP per capita.
Financial Inclusion plays an important role in terms of economic growth and poverty reduction owing to inequality, therefore, it is a key aspect of public policy in many governments. This study explores those variables that influence financial inclusion in some Latin American countries, through the use of the panel data econometric technique, based on information provided by the World Bank's Global Findex, and the Statistical Yearbook of the World Bank. ECLAC (Economic Commission for Latin America), during the period between 2007 and 2015. The sample includes 7 countries, namely, Argentina, Brazil, Chile, Colombia, Ecuador, Mexico and Peru. The results indicate that financial inclusion has a positive and significant relationship with the value of GDP per capita, such that the greater the income level which families have, the greater will be the participation in the financial system, and consequently, the greater the degree of financial inclusion. On the other hand, the variable public debt, shows that a high level of indebtedness hinders financial inclusion, therefore, its relationship is negative.
Haslag, J.H. (1996). The monetary policy effects on Seignorage revenue in a simple growth model. Research Department Working Paper 96 – 01. Federal Reserve Bank of Dallas’ Historical Library.
Hussain, M.E. & Haque, M. (2017). Empirical analysis of the relationship between money supply and percapitaGDP growth rate in Bangladesh. Journal of Advances in Economics and Finance, 2(1), 54-66. DOI: 10.22606/jaef.2017.21005.
Ihsan, I. & Anjum, S. (2013). Impact of money supply (M2) on GDP of Pakistan. Global Journal of
Mike Nyamazana Sikwila, Godwell Karedza and Yvonne Lindiwe Sikwila
(nominal) percapita. The Free Encyclopedia, http://en.wikipedia.org/wiki/list-of-countries by GDP (nominal)-per-capita. retrieved 14 April 2017 time 15.38
World Bank (2013).Zimbabwe Overview. Retrieved on 12 August, 2015 from World Bank website: http://www.world-bank.org/en/country/Zimbabwe/overview.