Macroeconomic determinants of household consumption in selected West African countries

Chimere Iheonu () and Tochukwu Nwachukwu ()
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Tochukwu Nwachukwu: Preston Consults Limited, Abuja, Nigeria

Economics Bulletin, 2020, vol. 40, issue 2, 1596-1606

Abstract: This study investigates the macroeconomic determinants of household consumption in selected West African countries. The study employed the panel augmented mean group procedure which accounts for heterogeneity and cross sectional dependence in the modelling exercise for the period 1989 to 2018. Empirical results reveal that gross domestic product per capita and domestic credit to the private sector significantly improves household consumption in the selected West African countries as a panel. However, country specific results show differences in terms of the magnitude of the coefficients, the significance and even the signs of the regressors. Policy recommendations based on these findings are discussed.

Keywords: Household consumption; West Africa; Augmented Mean Group (search for similar items in EconPapers)
JEL-codes: E2 (search for similar items in EconPapers)
Date: 2020-06-07
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Citations: View citations in EconPapers (12)

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Related works:
Working Paper: Macroeconomic determinants of Household Consumption in selected West African Countries (2020)
Working Paper: Macroeconomic determinants of Household Consumption in selected West African Countries (2020)
Working Paper: Macroeconomic determinants of Household Consumption in selected West African Countries (2020)
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