The application of knowledge stylised facts in West Africa Economic and Monetary Union (WAEMU)

Abstract Sub-Saharan Africa has one of the dynamic economies in world. Unfortunately, performance achieve not led to a reduction social issues. So, government are making massive investment overcome This public highlights exogenous nature current economic growth. change strategy management sub-Saharan is required. One solution remains paradigm: transition from with decreased return endogenous increased return. The theoretical explanation such arguments supported by New Growth Theory. However, implementation new theory required compliance set indicators known as stylized facts. In 2009, Romer and Jones have developed list corresponding need facts West African Economic Monetary Union (WAEMU) been compared standard order apply recommendations Theory this area. To reach that aim, described analysed econometric panel model. As result, we find description WAEMU fitted perfectly for same period. when using data, institution don’t work expected Jones. study strengthens argument policy based on valorisation knowledge WAEMU.