Page 209 - Contributed Paper Session (CPS) - Volume 8

CPS2252 Zakaya R.
Table 9: Granger causality

Null Hypothesis: Obs F-Statistic Prob.
X does not Granger Cause IQ 105 0.00144 0.9698
IQ does not Granger Cause X 0.01048 0.9187

HDI does not Granger Cause IQ 105 0.78679 0.3772
IQ does not Granger Cause HDI 4.71742 0.0322

HDI does not Granger Cause X 105 5.31028 0.0232
X does not Granger Cause HDI 6.71723 0.0109

4. Discussion and Conclusion
The objective of this study was to analyze the impact of institutional quality
and human resources development on exports flows in WAEMU countries.
Based on data from Human Development Index, World Development
Indicators and PRS Group over the period 1990-2005, an vector error-
correction were build and gives two (2) results. Firstly, there is a long-term
relationship between exports flows, human resources development and
institutional quality. The institutional quality and human resources have
positive impact on short term on exports. Secondly, institutional quality
implies a better human resources development as exports too, and a qualified
human resources implies exports in WAEMU areas.

References
1. North D. (1990), Institutions, Institutional Change and Economic
Performance, Cambridge University Press and Robert Donnelly Review
Essay
2. Muhammad TM and Eatzaz A (2006). Determinants of Exports in
Developing Countries. Pakistan Institute of Development Economics;
Institute of Development Economics (Pakistan)
3. Levchenko A (2009). Trade, Inequality and the Political Economy of
Institutions.

198 | I S I W S C 2 0 1 9