Régimes de change et croissance économique : le cas des pays de la Communauté Economique Des Etats de l’Afrique de l’Oust (CEDEAO)

Abstract

The objective of this paper is to show the effect of exchange rate regimes and exchange rate regime change on economic growth and the probability of countries to change exchange rate regime. The econometric evaluation using the OLS method under panel data reveals that the flexible exchange rate regime and the change in exchange rate regime promote economic growth in the ECOWAS countries over the study period 1980-2014. This implies that the ECOWAS countries have an interest in moving towards the single currency under the flexible regime and that the WAEMU countries must leave the fixed parity because the change in the exchange rate regime promotes economic growth.