Title: Analysis of the impact of public investments on agricultural growth in the West African Economic and Monetary Union
Authors: Ichaou Mounirou; Jérémie Yebou
Addresses: FASEG, University of Parakou, BP 123 Parakou, Benin ' EDSAE/FA-UP, University of Parakou, BP 123 Parakou, Benin
Abstract: This article aims to analyse the determinants of agricultural growth in the West African Economic and Monetary Union (WAEMU). Fixed effect panel models have been estimated. The sample used to assess these determinants covers eight African countries over the period 1961 to 2017. The estimation results indicate that agricultural public investments have a positive and significant impact on agricultural growth and this impact depends on the combination with other factors of agricultural growth. In addition, the findings shows that other factors such as producer cotton prices, rainfall, number of tractors and farm labour force also drive good agricultural growth. On the other hand, the quantities of urea, the production and cotton land use do not have a significant incidence on the agricultural growth of the zone. For an effective agricultural growth in this area, the adoption of chemical, mechanical and consequential agricultural investments is becoming imperative and a necessary and sufficient condition to boost a true green revolution. Moreover, our results suggest that the main channel for sustainable agricultural growth in the union is the combination of all factors of production.
Keywords: WAEMU; agricultural growth; panel data model.
International Journal of Agriculture Innovation, Technology and Globalisation, 2019 Vol.1 No.2, pp.181 - 197
Received: 26 Jul 2018
Accepted: 03 Jan 2019
Published online: 27 Aug 2019 *