Variables

Variable description

Feature

Data Sources

GDP

Cette variable capte la croissance du PIB par habitant comme variable dépendante pour tester la convergence vers un niveau de revenu réel par habitant au fil du temps.

Continuous

WDI, 2019

Eco_Inst

This variable captures all institutional actions with economic impact and their ability to support sustainable growth and reduce poverty; macroeconomic environment; working environment; investor confidence; governance cluster; financial regulation; global environment, transparency in the management of public affairs, accountability, economic freedom.

1: Weak,

6: High

CPIA, 2019

Pol_Ins

This variable captures fragile states; civil conflict; the quality of border posts; the electoral cycle; the social landscape; marginalized groups; the legal framework; democratic transition; security situation; civil wars, social unrest, ethnic tensions, pre- and post-election political violence and unpredictable changes in institutions and rules.

1: Weak, 6: High

CPIA, 2019

DO

This variable captures the external environment, measures the vulnerability of a country outside.

Continuous

FCF

This variable translates private and public investment (in physical capital) and human capital. According to the endogenous growth model (Romer, 1986) this variable has a positive effect on the productivity of other firms due to technology transfers.

Continuous

WDI, 2019

Debt/GDP

This variable will be used to capture the vulnerability in the WAEMU countries. This indicator measures the level of debt in relation to the economic activity of a country. It is considered the most important to measure the level of debt.

Continuous

WDI, 2019

Pop_growth (annual %)

This variable is the growth rate of the total population at time t. It provides an overview of GDP per capita regarding future changes in the economy.

Continuous

WDI, 2019