Effects of Information and Communication Technologies on the Banks’ Production Level in West African Economic and Monetary Union

Abstract

The paper specifically analyzed the effects of information and communication technologies on the banking production in the West African Economic and Monetary Union. It thus provides new empirical evidence on this subject in an area where such a problem is poorly explored in the literature. A Cobb-Douglas production model on panel data was used to analyze the elasticity of production of banks in the Union in relation to their technological capital over the period 2010-2016. The panels corrected standard errors method was favored for estimating model. The results indicate that automatic teller machines directly improve the level of production of banks in the West African Economic and Monetary Union. This research therefore encourages all measures aimed at strengthening their use by banks in the Union.

Keywords: Banks, banking production, ICT

DOI: 10.7176/JESD/11-12-12

Publication date:June 30th 2020