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August 9, 2026Cogent Economics & FinanceOpen Access

Rethinking monetary policy and inclusive growth in ECOWAS: Institutional and climate resilience mediation and moderation through structural equation modeling

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Authors

TSTumani SannehSAShahid AkbarNANawaz Ahmad

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Overview

Investigates the impact of monetary policy on inclusive growth in ECOWAS, highlighting the role of institutional and climate factors.

Key Points

  • The aim is to analyze how monetary policy affects inclusive growth in ECOWAS, considering the roles of institutional quality and climate resilience.
  • Utilized panel data from 15 ECOWAS countries from 2008 to 2023
  • Employed Structural Equation Modeling (SEM) for direct and indirect effect assessment
  • Investigated the mediating role of institutional quality and moderating roles of climate vulnerability and readiness
  • Money supply positively affects inclusive growth (p<0.05)
  • Inflation and interest rates negatively impact inclusive growth
  • Institutional quality reinforces the effect of monetary policy, while climate readiness enhances and vulnerability weakens this relationship.

Cite This Study

Sanneh et al. (2026) studied this question.

synapsesocial.com/papers/6a782d862e1896536c840c9ahttps://doi.org/10.1080/23322039.2026.2715170
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