Budgetary Externalities inthe Countries ofthe Economic and Monetary Union of West Africa
Journal Title: IOSR Journal of Economics and Finance (IOSR-JEF) - Year 2018, Vol 9, Issue 6
Abstract
This article examines fiscal externalities within the West African Economic and Monetary Union from 1980 to 2015 using the autoregressive distributed delay (ARDL) approach. Empirical results indicate that public investment spending leads to positive and negative externalities between the countries of this union. The study also showed that the real interest rate has a positive effect on output in the short term. The document calls for greater coordination between countries.
Authors and Affiliations
OulaiSieni Toussaint
Keywords
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- DOI 10.9790/5933-0906036472.
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