Theoretical and Applied Economics
No. 2 / 2019 (619), Summer
Per capita gross domestic product and welfare of Gabonese households: A VAR model with exogenous hypothesis
CIREGED, Omar Bongo University, Gabon
LEAD, University of Toulon, France
Abstract. The objective of the study is to analyze the effect of per capita gross domestic product on the monetary and qualitative well-being of Gabonese households. As a result, we use a VAR model with exogenous hypothesis. The results show that wealth creation observed in Gabon from 1980 to 2017 does not promote the monetary well-being of households. Its effect on qualitative well-being is ambiguous. In addition, well-being responses to interaction of per capita GDP impulses with those of the labor market lead to proposing to the government the adoption of economic policies that change the structure of the economy. Indeed, the distribution of the fruits of growth should go through the creation of jobs, while the Gabonese economy is currently driven by the primary sector with few job opportunities. The results obtained by making predictions with the scenarios of deterioration of the labor market also militate for this proposal.
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The role of Japan in the development of emerging markets in Asia. Key lessons learned for China
Empirical examination of the stability of expectations – Augmented Phillips Curve for developing and developed countries
The causality between economic growth and stock market in developing and developed countries: Toda-Yamamoto approach
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The effects of political and financial risks on foreign direct investments to the MENAT countries
Exploring the nexus between macroeconomic variables and stock market returns in Germany: An ARDL Co-integration approach
Income inequalities and economic convergence in CEE countries
Exchange rate regimes and its impact on growth: An empirical analysis of BRICS countries
Dynamics of business cycle and long-term economic growth of Pakistan
Per capita gross domestic product and welfare of Gabonese households: A VAR model with exogenous hypothesis
Co-integration with regime shift between government expenditure and poverty reduction in Algeria
Trade in a two sector endogenous growth model with two accumulating factors
What discriminates the welfare outcomes of children in India. A multiple discriminant analysis in selected states