Is economic growth inclusive in Senegal?
Keywords:
inclusive growth, PCA, synthetic indexAbstract
In Senegal, despite the relatively appreciable results since the devaluation of the CFA franc with the rates of GDP growth above 6% since 2014 (except for 2020 which corresponds to the recession due to the COVID-19), economics growth is not felt enough in the basic food basket, hence this strong questioning about the inclusiveness of this growth, even if we are far from double-digit rates. The objective of this paper is to measure the inclusiveness of Sénégal's economic growth through the construction of an inclusive growth index (ISCIS). To achieve it, we were inspired by the method used by UNDP for the HDI by applying it to the multidimensional approch of the growth's inclusiveness from Zhuang and Ali (2010). It thus appears that over the period of the study (1980-2018), economic growth is not inclusive in Sénégal in so far as, the ISCIS is on average (0,413) less than 0.5.
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