Revenue and expenditure nexus: A case study of ECOWAS

Cosimo Magazzino ()

Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), 2013, vol. 7, No 2013-13, 27 pages

Abstract: 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.

Keywords: ECOWAS; Sub-Saharan Africa; economic growth; government expenditure; government revenue; panel (search for similar items in EconPapers)
JEL-codes: B22 C33 E62 F33 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifweej:201313

DOI: 10.5018/economics-ejournal.ja.2013-13

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