Theoretical and Applied Economics
No. 2 / 2019 (619), Summer
Per capita gross domestic product and welfare of Gabonese households: A VAR model with exogenous hypothesis
CIREGED, Omar Bongo University, Gabon
LEAD, University of Toulon, France
Abstract. The objective of the study is to analyze the effect of per capita gross domestic product on the monetary and qualitative well-being of Gabonese households. As a result, we use a VAR model with exogenous hypothesis. The results show that wealth creation observed in Gabon from 1980 to 2017 does not promote the monetary well-being of households. Its effect on qualitative well-being is ambiguous. In addition, well-being responses to interaction of per capita GDP impulses with those of the labor market lead to proposing to the government the adoption of economic policies that change the structure of the economy. Indeed, the distribution of the fruits of growth should go through the creation of jobs, while the Gabonese economy is currently driven by the primary sector with few job opportunities. The results obtained by making predictions with the scenarios of deterioration of the labor market also militate for this proposal.
Keywords: per capita GDP; monetary and qualitative well-being; VAR model with exogenous hypothesis.
Download the full article: 
Contents
- The education and training.
Priorities of the European Union
Constantin ANGHELACHE
Gabriela Victoria ANGHELACHE
Mădălina Gabriela ANGHEL
- Posted offers in exogenous networks:
A theoretical application and experimental results
Lisa BREGER
Andrea SORENSEN
- The role of Japan in the development
of emerging markets in Asia.
Key lessons learned for China
Ionela VOINEA
- Empirical examination of the stability of expectations –
Augmented Phillips Curve for developing
and developed countries
Yhlas SOVBETOV
Muhittin KAPLAN
- The causality between economic growth and stock market
in developing and developed countries:
Toda-Yamamoto approach
Bilgehan TEKIN
Erol YENER
- Government failure vs. Market failure.
The implications of incomplete information
Rareș Petru MIHALACHE
Dumitru Alexandru BODISLAV
- Foreign direct investment
and total factor productivity in South Asia
Zaira ADNAN
Mamta CHOWDHURY
Girijasankar MALLIK
- Exploring the nexus between macroeconomic variables
and stock market returns in Germany:
An ARDL Co-integration approach
Riadh El ABED
Amna ZARDOUB
- Exchange rate regimes and its impact on growth:
An empirical analysis of BRICS countries
Babu Rao G.
- Dynamics of business cycle
and long-term economic growth of Pakistan
Usama Ehsan KHAN
Syed Monis JAWED
- Per capita gross domestic product
and welfare of Gabonese households:
A VAR model with exogenous hypothesis
Giscard ASSOUMOU-ELLA
- Co-integration with regime shift between government
expenditure and poverty reduction in Algeria
Hicham AYAD
- Trade in a two sector endogenous growth model
with two accumulating factors
Birgit KIRSCHBAUM-BEHL
- What discriminates the welfare outcomes of children in India.
A multiple discriminant analysis in selected states
Atul MEHTA
Joysankar BHATTACHARYA
