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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...
Persistent link: https://www.econbiz.de/10010954789
This paper aims to assess the relationship among fiscal variables (net lending, government expenditure and revenue) and economic growth in Sub-Saharan African countries. Using yearly data for the period between 1980 and 2011 in 15 ECOWAS countries, a weak long-run relationship between government...
Persistent link: https://www.econbiz.de/10010956037
Capital mobility and absence of direct taxation have made Vanuatu, an attractive Offshore Financial Centre (OFC) in the Pacific, since its independence in 1980. Consequently, Vanuatu has been depending on trade taxes. As Vanuatu would become part of a Pacific free trade area by 2015, policy...
Persistent link: https://www.econbiz.de/10008755549
panel cointegration approach. We estimate a trivariate vector error correction model (VECM) to simultaneously assess the … African States (ECOWAS) and West African Economic and Monetary Union (WAEMU) using non-stationary panel data methodology and a …
Persistent link: https://www.econbiz.de/10010835793
emerging economies in Africa using cointegration tests proposed by Johansen and Juselius, and causality tests based on an error … correction model. The results indicate that saving and investment are integrated of order one. Furthermore, cointegration tests …
Persistent link: https://www.econbiz.de/10010938891
This study investigates the relationship between FDI and exports in a sample of ten African countries. Using annual data from 1970 to 2007, we find that FDI causes exports in Burkina Faso and South Africa supporting the FDI-led exports point of view, while exports cause FDI in Cameroon, Cote...
Persistent link: https://www.econbiz.de/10009493108
. Employing Johansen's multivariate cointegration approach, it investigates for ten selected SSA countries the long-run effect of … those cases where cointegration relationships are found-estimated supply elasticities tend to lie between 0.20 and 0 …
Persistent link: https://www.econbiz.de/10005755201