FINANCEMENT DES DEFICITS PUBLICS ET COMPORTEMENT DU SECTEUR FINANCIER EN ZONE CEMAC

Financing Fiscal deficit and private sector behavior in CEMAC countries

Christophe Raoul Besso

MPRA Paper from University Library of Munich, Germany

Abstract: This paper has as objective to evaluate the impact of public deficits on domestic credit to the private sector in the CEMAC zone. The study is carried out over the period from 1985 to 2016, thanks to an autoregressive econometric model in panel data and distributed delays. The model estimates that, in the short term, domestic credit to the private sector is positively influenced by its past values, while for the other variables, the effects remain mixed. In the long term, the fiscal deficit positively influences the evolution of domestic credit to the private sector in the CEMAC zone because of the weak development of the financial markets.

Keywords: public deficit; credit to the private sector; ARDL panel (search for similar items in EconPapers)
JEL-codes: C23 E63 (search for similar items in EconPapers)
Date: 2018-12-29
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:95365

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