Botswana Journal of
Economics

BOTSWANA ECONOMICS ASSOCIATION
  • Abbreviation: Botswana J. Econ.
  • Language: English
  • ISSN: 1810-0163
  • DOI: 10.5897/BOJE
  • Start Year: 2011
  • Published Articles: 39

Article in Press

Impact of imports of capital goods on economic growth in Ivory Coast

Moustapha Fofana, Amadou Mamane Issaka

  •  Received: 21 August 2024
  •  Accepted: 01 November 2024
One of the challenges of Ivory Coast is the transformation of its agricultural production. Does this transformation pass by the importation of capital goods? The study analyzed the influence of capital goods imports on the economic growth of Ivory Coast. Initially, we conducted a thorough literature review. Following this, we detailed the methodology, identified the model variables, and performed the estimation. Finally, we interpreted the results and put forward recommendations for economic policy. To address these issues, we employ an autoregressive distributed lag (ARDL) model utilizing the cointegration framework established by Pesaran et al. (2001). The results indicate that, over the long term, imports of capital goods positively contribute to economic growth, albeit to a limited extent. It is advisable to implement measures that support the structural transformation of the agricultural sector by promoting the importation of essential capital equipment for its development. JEL Classification: F10 ; F43 ; O40 ; O47 ; C51

Keywords: ARDL model, economic growth, imports of capital goods.