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Heterogeneite De La Causalite Entre Depenses Publiques Et Croissance Economique Dans Les Pays De L'Uemoa:Quelles Implications Pour La Coordination Des Politiques Budgetaires
[Heterogeneity Of The Causality Between Public Expenditure And Economic Growth In Waemu Countries: What Are The Implications For Policy Coordination Budget]

Author

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  • HOUNKPODOTE, Hilaire
  • BATIONO, Rakissiwindé

Abstract

The causal relationship between public expenditure-economic growth has been the subject of deep concern among economists. This paper examines for the period 1967 to 2007, heterogeneous public expenditure-economic growth causality in West Africa Economic and Monetary Union (WAEMU) and analyzes the implication of fiscal coordination. Causality was determined in each country from a methodology based on cointegration analysis leading to representations of vector error correction and Toda and Yamamoto causality test (1995). The existence of heterogeneous causality between public expenditure and economic growth in WAEMU zone leads to consider a new model of fiscal coordination integrating this heterogeneous, including the adoption of a new more flexible fiscal standard for each country.

Suggested Citation

  • HOUNKPODOTE, Hilaire & BATIONO, Rakissiwindé, 2009. "Heterogeneite De La Causalite Entre Depenses Publiques Et Croissance Economique Dans Les Pays De L'Uemoa:Quelles Implications Pour La Coordination Des Politiques Budgetaires [Heterogeneity Of The C," MPRA Paper 26027, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:26027
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    References listed on IDEAS

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    4. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 103-126, October.
    5. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    6. Mohan, Ramesh & Nandwa, Boaz, 2007. "Testing Export-led Growth Hypothesis in Kenya: An ADRL Bounds Test Approach," MPRA Paper 5582, University Library of Munich, Germany.
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    Cited by:

    1. LONZO LUBU, Gastonfils & AVOM, Desiré, 2014. "Les Effets Non Lineaires Des Dépenses Publiques Sur La Croissance Économique En Rd Congo [Nonlinear Effects Of Spending On Economic Growth In Dr Congo]," MPRA Paper 60716, University Library of Munich, Germany.
    2. Togbenu, Fo-Kossi Edem, 2017. "Un réexamen de la relation entre dépenses publiques et croissance économique dans les pays en développements à partir d'un modèle de panel dynamique [A reexamination of the relation between public ," MPRA Paper 81376, University Library of Munich, Germany.
    3. Togbenu, Fo-Kossi Edem, 2018. "Causalité entre dépenses publiques et croissance économique au Togo [Causality between Public Expenditures and Economic Growth in Togo]," MPRA Paper 87005, University Library of Munich, Germany.

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    More about this item

    Keywords

    Causality; public expenditure; economic growth; heterogeneous; fiscal coordination;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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