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May 7, 2026International Journal of Innovative Science and Research Technology (IJISRT)Open Access

Growth, Macroeconomic Fundamentals and Institutional Heterogeneity in ECOWAS, 1970–2025

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Authors

ESEtienne Fakaba SissokoPBPierre Bayo

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Overview

Randomized trial evaluates growth performance in ECOWAS economies, indicating macroeconomic fundamentals drive divergence.

Key Points

  • This research investigates the factors influencing growth performance across ECOWAS economies, focusing on macroeconomic fundamentals and institutional heterogeneity.
  • Analyzed macroeconomic data from 1970–2025 using harmonized World Bank and IMF indicators
  • Employed fixed-effects, two-way fixed-effects, and dynamic-panel specifications for analysis
  • Utilized panel error-correction models in the ARDL family to identify long-run relationships.
  • Investment is the most stable factor correlated with real GDP per capita growth
  • Negative average association between inflation and growth weakens when considering time shocks
  • Post-2025 analysis shows an initial negative shift for AES countries compared to other ECOWAS regions.

Cite This Study

Sissoko et al. (2026) studied this question.

synapsesocial.com/papers/69fc2ba98b49bacb8b3479b5https://doi.org/10.38124/ijisrt/26apr2027
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