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April 10, 2026International Journal of Business and Economics ResearchOpen Access

Analysis of the Relationship Between Domestic Saving and Economic Growth in the ECOWAS Zone: Panel ARDL Analysis (2000–2020)

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Authors

BTBamaze TchakpiMAMazama Abbi

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Overview

Analysis demonstrates a positive savings impact on economic growth in ECOWAS, suggesting policies to enhance domestic saving mobilization.

Key Points

  • This research aims to investigate how domestic savings influence economic growth in the ECOWAS region from 2000 to 2020.
  • Analyzed the relationship using panel ARDL model.
  • Focused on 13 ECOWAS countries over the period 2000-2020.
  • Examined both long-term and short-term impacts of domestic savings.
  • Investigated the effects of monetary union membership on the savings-growth relationship.
  • Found a positive and significant long-term impact of domestic savings on economic growth in ECOWAS.
  • Discovered no impact of monetary union membership on the savings-growth relationship.
  • Identified a significant negative long-term relationship between foreign direct investment and economic growth in WAEMU countries.
  • Established a bidirectional relationship between savings and economic growth.

Cite This Study

Tchakpi et al. (2026) studied this question.

synapsesocial.com/papers/69d893eb6c1944d70ce04e15https://doi.org/10.11648/j.ijber.20261502.12
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