Sustainability of Fiscal Policy in Economic and Monetary Community of Central Africa: An Analysis Based on Panel Data
South Asian Journal of Social Studies and Economics · pp. 1–7 · Published 1 Feb 2021
10.9734/sajsse/2021/v9i330240Abstract
The objective of this paper is to study the long-term sustainability of fiscal policies in CEMAC, following the pioneering approach of Hamilton and Flavin [10]. Over the period from 1992 to 2012, first and second generation panel stationarity tests suggest that total public expenditures, total revenues, the primary budget balance and public debt are stationary. As a result, fiscal policies are sustainable in the long run within the area. There is a unidirectional causality between government revenues and expenditures. Decisions to increase expenditures are made on the basis of the availability of revenues.
Cited by 1
C. Clarke, Patrice Whitely, Travis Reid · International Journal of Development Issues · 2022
Related research
- Impacts of Climate Factors Influencing Rice Production in Bangladesh — shares topic coverage
- Exchange Rate Volatility and Growth Dynamics: Evidence from Selected Sub-Saharan African Countries — shares topic coverage
- The Impact of Volatility of Oil Price on the Economic Growth in Sub-Saharan Africa — shares topic coverage
- The Effect of Unemployment on Crime in Nigeria: A Panel Data Analysis — shares topic coverage
- Foreign Capital and Poverty Reduction in West Africa — shares topic coverage
Article metrics
Real usage data collected on this platform.
0
Page views
0
PDF downloads
0
Outbound clicks
1
Citations
Views by country
Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".
No views recorded yet.
Traffic sources
Referring site, by host.
No traffic recorded yet.
Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.