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Political Budget Cycles: The Case of Gabon

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  • Jean-Jacques Tony Ekomie
  • Assoumou Ondo

Abstract

This article analyzes the political-fiscal cycle in Gabon. In Africa, it seems that the analysis of the politico-fiscal cycle has not attracted much interest. This is particularly the case in Gabon, a small country of the Economic and Monetary Community of Central Africa (EMCCA). Unlike approaches based on the estimation of a single model linking the electoral cycle and a dimension of the state budget, we estimate four models each incorporating a different dimension of the state budget, namely: capital expenditures, total expenditures and the budget deficit. The estimation of a VAR Model (2) and three Error Correction Vector Models (ECVM) confirms the existence of an "opportunistic" politico-budgetary cycle in Gabon.

Suggested Citation

  • Jean-Jacques Tony Ekomie & Assoumou Ondo, 2019. "Political Budget Cycles: The Case of Gabon," Research in World Economy, Research in World Economy, Sciedu Press, vol. 10(1), pages 31-53, June.
    • Handle: RePEc:jfr:rwe111:v:10:y:2019:i:1:p:31-53
    DOI: 10.5430/rwe.v10n1p31
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    References listed on IDEAS

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