Revenue and expenditure nexus: A case study of ECOWAS

Artikel

This paper aims to assess the relationship among fiscal variables (government revenue and expenditure) in Sub-Saharan African countries. Using yearly data for the period between 1980 and 2011 in fifteen ECOWAS countries, a weak long-run relationship between government expenditure and revenue emerge, but only in the case of WAMZ countries. Granger causality analysis show mixed results for WAEMU countries, while for four out of six WAMZ countries (Gambia, Liberia, Nigeria, and Sierra Leone) the 'tax-and-spend' hypothesis holds, since government revenue would drive the expenditure.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Economics: The Open-Access, Open-Assessment E-Journal ; ISSN: 1864-6042 ; Volume: 7 ; Year: 2013 ; Issue: 2013-13 ; Pages: 1-27 ; Kiel: Kiel Institute for the World Economy (IfW)

Classification and Topics

• Classification: Wirtschaft ; Fiscal Policy ; International Monetary Arrangements and Institutions ; History of Economic Thought: Macroeconomics ; Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
• Subject: ECOWAS ; Sub-Saharan Africa ; economic growth ; government expenditure ; government revenue ; panel ; Öffentliche Einnahmen ; Öffentliche Ausgaben ; Wirtschaftswachstum ; Schätzung ; ECOWAS-Staaten

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Magazzino, Cosimo
• Event: Veröffentlichung
• (who): Kiel Institute for the World Economy (IfW)
• (where): Kiel
• (when): 2013

Further information

• DOI: doi:10.5018/economics-ejournal.ja.2013-13
• Handle: http://hdl.handle.net/10419/71406
• Last update: 10.03.2025, 11:45 AM CET