Contribution of Emigration to the Agricultural Growth in Franc Zone of Africa
We analyze emigration effects on agricultural growth in West African Economic and Monetary Union (WAEMU) and Central African Economic and Monetary Community (CEMAC), two regional blocs of Franc zone in Africa. We use LSDVC estimator and World Bank as and OECD emigration databases over the period 1980-2010 for the purpose. The results show the heterogeneity in emigration within WAEMU and CEMAC regional blocs. The results reveal that emigration contributes negatively to agricultural growth in general and CEMAC, in particular. However, emigration and human capital contribute to agricultural growth in WAEMU and CEMAC, respectively. Promoting safe, orderly and regular migration in African countries, especially those positively affected by emigration, should be encouraged. However, the authorities of the Franc zone in general and CEMAC in particular, should encourage policies in combatting emigration and strengthen human capital through education for agricultural development of the region. In addition, the development of pricing policies in favor of producers can contribute in improving agricultural development within the Franc zone.