Country | Long-run estimates | Short-run estimates | |||||||
GDP | RP | FDI | REM | ∆GDP | ∆RP | ∆FDI | ∆REM | ECT | |
Benin | 0.305 (0.20) | 0.902* (2.17) | 0.191 (1.41) | 0.151 (1.57) | 2.671* (2.16) | 0.245 (0.82) | 0.064 (0.73) | 0.142** (1.87) | −0.996* (−4.76) |
Burkina Faso | 1.416* (2.64) | 0.447 (1.53) | −0.081 (−1.15) | 0.003 (0.05) | 2.104* (3.07) | 0.368** (1.88) | −0.060 (−1.05) | −0.024 (−0.31) | −0.492* (−2.53) |
Cote d’Ivoire | 1.008* (2.52) | 0.129 (0.82) | 0.529* (2.57) | −0.033 (−0.27) | 1.466* (2.88) | 0.115 (1.19) | 0.247* (2.03) | 0.054 (0.70) | −0.492* (−3.65) |
Ghana | 7.852* (5.23) | 0.749* (3.40) | −0.789* (−4.24) | 0.018 (0.24) | 2.407* (1.59) | 0.770* (3.75) | −0.138 (−0.62) | −0.004 (−0.08) | −0.337* (−2.33) |
Mali | 0.141 (0.26) | 0.008 (0.03) | 0.019 (0.33) | 0.269* (2.09) | 0.753** (1.81) | 0.344 (1.50) | −0.052 (−0.88) | 0.184* (2.24) | −1.037* (−6.32) |
Niger | 1.858* (3.18) | −0.489** (−1.69) | −0.156 (−1.47) | 0.186** (1.78) | 0.931 (1.48) | −0.304 (−1.18) | 0.087 (0.87) | −0.004 (−0.06) | −0.652* (−3.21) |
Nigeria | 2.521* (3.16) | 0.451** (1.92) | 0.332* (4.13) | 0.186* (2.82) | 1.768** (1.65) | 0.167 (0.64) | 0.321 (1.40) | 0.162* (2.59) | −0.916* (−4.54) |
Senegal | −1.686* (−2.15) | 0.672* (2.27) | 0.207* (1.99) | 0.448* (2.93) | 0.100 (0.16) | 1.162* (4.45) | 0.077 (0.77) | 0.001 (0.01) | −0.527* (−2.92) |
Togo | 1.798* (2.78) | 0.238 (1.60) | 0.211** (1.70) | −0.011 (−0.13) | 1.840* (2.99) | −0.012 (−0.08) | 0.284* (2.61) | 0.133 (1.35) | −1.136* (−5.53) |