Theoretical and Applied Economics
No. 1 / 2025 (642), Spring
Improving human development in West African countries: do cryptocurrencies matter?
University of Thomas Sankara, Ouagadougou, Burkina Faso
Abstract. This study examines the relationship between cryptocurrencies and human development. To analyze data from nine West African countries between 2016 and 2023, we used the generalized method of moments (GMM) in the system to assess the impact of the trading volume of all cryptocurrencies and the value of Bitcoin and Ethereum on the human development index (HDI). Our results show a positive and significant link between these indicators and the HDI, even after applying the Newey‒West and Driscoll-Kraay standard error robustness tests. In light of these results, we recommend that policymakers establish a clear and appropriate regulatory framework while being vigilant to the risks inherent in cryptocurrencies.
Keywords: blockchain technology, cryptocurrencies, Bitcoin, Ethereum, IDH.
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Contents
- The impact of agro-food imports
from Ukraine on the Romanian market:
a post-conflict economic analysis
Ionut Laurentiu PETRE
Robert Ștefan SBÎRCEA
Alina-Oana CHIVA
Cristiana-Adriana COSTACHE
- An empirical analysis of foreign trade concentration
between Türkiye and Egypt (2005-2023)
Abidin ÖNCEL
Aya KAMEL
- The three-ways linkages between domestic investment,
exports and economic growth:
new evidence from Saudi Arabia
Sayef BAKARI
- Local resilience in the context of digital transition:
development policy perspectives
from Romania and Moldova
Ionut Valeriu ANDREI
Maxim CETULEAN
Eliza Nicoleta NEGOI
Marta STOIAN
- Customs unions and trade spillovers:
from bilateral agreements to multilateral impact
Sharmi SEN
Tonmoy CHATTERJEE
- The impact of foreign direct investment on carbon emissions in China: a provincial panel data analysis
Xuchong YAN
- Quantitative insights into the impact
of financial inclusion on economic growth:
an econometric evaluation of Arab countries (2011-2022)
Abdelghani KAHELA
Ouissam HOCINI
Mohamed BOULESNAM
Kamel BASSOUR
- The relationship between external factors
and economic growth:
Differences between the global financial crisis
and the COVID-19 pandemic
from a Granger causality perspective
Alexandra CHEPTIS
Cristina BEJENARU
Miruna-Mihaela VASILCA
Alin-Ioan VID
- The lasting impact of COVID-19.
How the pandemic reshaped human behaviour
Raluca Iuliana GEORGESCU
Dumitru Alexandru BODISLAV
Alexandru Dan COȘOCARIU
Ionuț Valeriu ANDREI
- Asymmetric effect of monetary policy on stock market
performance in the ECOWAS zone:
empirical evidence from the NARDL approach
Yao Séraphin PRAO
Kouassi Cyrille KONGOZA
- The effect of inflation and fiscal decentralization
on income inequality in Sumatra Island of Indonesia:
a panel data
Syahrimi
Anna YULIANITA
Ariodillah HIDAYAT
- Exploring the relationship between the Put Call Ratio and Market Indices: a comparative analysis of S&P 500 and BET
Genia-Iulia ȚABĂRĂ
- Macro-economic determinants of financial inclusion:
evidence from West African Economic
and Monetary Union (WAEMU)
Djakaria TOU
Mahamadou DIARRA
- Tax and macroeconomic framework.
The case of Greece
Panagiotis ASIMAKOPOULOS
- Consumerism and capitalism: dynamic evolution,
economic benefits, and ethical challenges
Dumitru Alexandru BODISLAV
Raluca Iuliana GEORGESCU
- Business cycle synchronization of Tunisia and Euro Zone
countries: a parametric and non-parametric analysis
Wissem RABHI
- Macro analysis of linkages between export, import and economic growth: evidence from the Indian economy
Athira A
Rajendran S
- From lab to market: how governments and enterprises
compose the future of innovation
Rareș-Mihai NIȚU
- Improving human development in West African countries:
do cryptocurrencies matter?
Hamidou OUEDRAOGO
- Romanian knowledge and attitude
on sustainability and sustainable clothing:
exploring the reliability and validity of a measurement scale
Anastasia COSMA
Luminita STANCU (BROASCA)
Marta STOIAN
- Estimating Romania’s potential GDP:
a production function and multivariate approach
Georgian Dănuț MIHAI
Andreea-Mădălina BOZAGIU
