Regional Impact of Cote D'Ivoire'S Sociopolitical Crisis: An Assessment

By Dorothy Engmann, Ousmane Dore, Benoít Anne

April 1, 2003

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Dorothy Engmann, Ousmane Dore, and Benoít Anne. Regional Impact of Cote D'Ivoire'S Sociopolitical Crisis: An Assessment, (USA: International Monetary Fund, 2003) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper evaluates the impact of the sociopolitical crisis in Côte d'Ivoire on the economies of its neighbors. Using a nonsubjective weighted index of regional instability in cross-country time-series regressions, it shows that the increase in regional instability caused by domestic instability in Côte d'Ivoire had a negative effect on the growth performance of its most direct neighbors, but no significant effect on the subregion as a whole including the West African Economic and Monetary Union (WAEMU). The paper also examines the channels through which such spillover effects took place.

Subject: Balance of payments, Expenditure, Exports, Foreign direct investment, Imports, International trade, National accounts, Private investment

Keywords: Africa, Contagion, Côte d'Ivoire, Côte d'Ivoire's index, Country, Country authorities' estimate, Economic Growth, Exports, Foreign direct investment, Growth rate, Imports, Instability index, Landlocked country, Neighboring country, Private investment, Regional Integration, Regressions, Sociopolitical crisis, WAEMU country, West Africa, West African country, WP

Publication Details

Pages:

36
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2003/085
Stock No:

WPIEA0852003
ISBN:

9781451850772
ISSN:

1018-5941

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