Country

Model 1: GDP and manufacturing output

Model 2: Non-manufacturing output and manufacturing output

F_GDP

F_MAN

Cointegration?

F_NMAN

F_MAN

Cointegration?

Benin

5.35*

5.48*

Yes

4.86**

6.77*

Yes

Burkina

2.62

11.82*

Yes

1.90

8.91*

Yes

Cote d’Ivoire

3.20

5.91*

Yes

3.29

3.18

No

Gambia

2.80

10.39*

Yes

2.64

8.50*

Yes

Ghana

6.24*

2.03

Yes

4.73

8.40*

Yes

Mali

10.63*

2.21

Yes

10.12*

3.33

Yes

Niger

6.56*

5.88*

Yes

6.75*

6.03*

Yes

Nigeria

10.46*

7.20*

Yes

9.80*

5.33*

Yes

Senegal

3.93

3.29

No

2.43

6.23*

Yes

Sierra Leone

3.92

4.00

No

3.67

6.23*

Yes

Togo

2.97

5.23**

Yes

5.57*

3.22

Yes