Résumé
L’objectif de cette étude est d’analyser les effets d’une faiblesse du système financier sur la convergence des pays de l’UEMOA vers la frontière de croissance mondiale. A cet effet, nous avons utilisé un modèle de croissance Schumpetérien avec transfert de technologie développé par Aghion et al. (Quarterly Journal of Economics 120(1):173–222, 2005). Ceci nous a permis de mettre l’accent sur le fait qu’une contrainte de crédit empêche ces pays de profiter pleinement du transfert de technologie et les pousse à s’écarter de la frontière de croissance en ralentissant considérablement leurs vitesses de convergence. Nos résultats ont également montré qu’il existe un niveau critique de crédit privé et que les pays de l’UEMOA qui enregistrent un niveau de crédit inférieur à ce seuil auront tendance à diverger.
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Notes
- 1.
*« \(\hat {y}_{i,t-1} = {y}_{i,t-1}-{y}_{1,t-1} \). A l’état stationnaire elle est notée \(\hat {y}^{\ast}_{i,t-1} \). »
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Diagne, A., Niang, AA. (2012). Les effets d’une contrainte de crédit sur la convergence économique : le cas des pays de L’UEMOA. In: Ayuk, E., Kaboré, S. (eds) S’intégrer pour s’enrichir. Insight and Innovation in International Development. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-1234-2_7
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