Browsing by Author "NDEREYAHAGA Richard"

Filter results by typing the first few letters
Now showing 1 - 2 of 2
  • No Thumbnail Available
    Item
    Aid dependency and economic governance in the EAC Countries, pp. 29-80
    (UB, Cahiers du CURDES, 2010-08) NDEREYAHAGA Richard
    This study examines the interrelationship between Aid, Aid dependency, good Governance and economic growth in the East African Community (EAC) Countries using a Panel data model with fixed effects for the period of 1996-2006. Through a Growth Model, we have found that foreign Aid negatively affects economic growth whereas good governance (which we have measured by the Corruption Perception Index as its proxy) positively affects economic performance in EAC countries. Moreover, the Governance Model has revealed that Foreign Aid and economic performance positively affect good governance in EAC Countries. Good governance seems to have positive impact on aid dependency of the EAC partner states even though the coefficient is not statistically significant. This result suggests that the EAC partner ·states should focus on good governance improvement if they intend to reduce their dependency to external aid and therefore their growth volatility as well.
  • No Thumbnail Available
    Item
    Macroeconomic convergence within EAC countries : towards a single currency, pp. 251-276
    (UB, Cahiers du CURDES, 2011-01) NDEREYAHAGA Richard
    This paper investigates the extent of rnacroeconomic convergence in the EAC countries using the "sigma convergence hypothesis" on the GDP growth rates, on the CPI growth rates and on the rnonetary variables. The .results detected sorne mixed and incoherent evidence of macroeconomie convergence, with convergence being established only for sorne countries and on very few indicators. With respect ta GDP growth rate, a nominal variable, there is evidence of lack of convergence on overall and little evidence convergence on monetary policy variables in sorne instances, while no convergence has been evidenced for fiscal policy variables. It is obvious that within the EAC countries, there is a strong need ta increase policy harmonization and co-ordination sa as ta stimulate rnacroeconomic convergence and policy environment effectiveness. The national planning strategies should include stability criteria and rnacroeconomic convergence benchmarks as ta ensure effective convergence and ta bring the regional integration process ta its success.