Abstract
This study examined the relationship between export, institutional quality and human resources development in WAEMU countries. Panel data specification were used over the period 1990-2005 and allowed the use of error correction modeling (VECM). The results reveal a long-term relationship between export, institutional quality and human resources development. In a short term perspective, they also show that human resources and institutional quality have positive significant impact for exports development in WAEMU area. Therefore, these results show the need of policies to improve human resources development and strengthen institutional quality to impact exports flows of WAEMU countries, especially the rule of law of countries, governance stability and developed existing anti-corruption strategies. Keywords : Institutional quality – Human resources – Panel VECM - WAEMU DOI: 10.7176/JESD/11-12-07 Publication date: June 30th 2020
Highlights
The majority of African countries have economies that are outward-looking
If we consider that the quality of human resources as well as stable institutional frameworks can impact the level of production of economies, and indirectly boost export, we can look for questions of link that can exist between them
Human resources development comes from human development index database
Summary
They ae sufficient of raw materials, which they export to earn foreign exchange for development in certain domains of their economies. The Human Development Index, which aggregate three (3) index as education level of the population aged 15+, remains relatively low in these countries. This is characteristic of a less qualified workforce for the production of goods and services so a weakness in exports flows. If we consider that the quality of human resources as well as stable institutional frameworks can impact the level of production of economies, and indirectly boost export, we can look for questions of link that can exist between them
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