Abstract
The objective of this study is to identify the determinants of inflation in West Africa, mainly in the WAEMU zone, in order to contribute to improving the conduct of monetary policy. The equation of the exchange of the Quantitative Theory of the Currency and the generalized method of moments (MMG) in dynamic panel is used. Annual data concerning six countries in West Africa and range from 1991 to 2015. The results of the estimation show that in addition to the economic growth rate and the money supply, the devaluation has a significant effect on inflation. As we can see, inflation is not systematically a monetary phenomenon in West Africa. The authorities must therefore seek to determine the optimal threshold for the rate of increase of the money supply.
Highlights
The idea of health as a form of human capital determinedly makes health an instrument for raising economic value and income levels of individuals
Findings from this study show that: Life expectancy has significant impact on agricultural output potentials in Nigeria
There is a causal relationship between health outcomes and agricultural output in Nigeria
Summary
The idea of health as a form of human capital determinedly makes health an instrument for raising economic value and income levels of individuals. World Health Organization (2012), stressed that a major (about 50%) determinant of economic growth differentials between/among nations can be attributable to health status and life expectancy. This seems to suggest that sufficient healthcare could be seen as key policy-element in promoting broad based regional and national development. There is need to carry out empirical study on the effect of health outcomes on the agricultural output It appeared that efforts have been made over the years in Nigeria to strengthen the health sector. These formed the starting point of this study which aimed at providing answers to the following questions: To what extent has life expectancy affected agricultural output in Nigeria? To what extent has mortality rate affected agricultural output in Nigeria? What direction of causality exists between health outcomes and agricultural output in Nigeria?
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