THE SAVINGS-TRADE-FISCAL GAP MODEL: APPLICATION IN SELECTED WEST AFRICAN STATES
With most African economies experiencing adverse economic misalignment in recent times, the need of enhancing the growth process cannot be overemphasized. Using a typical Savings-Trade-Fiscal Gap Model, the paper employed panel data estimation method to examine the impact of savings, trade and fisca...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Bacău
2017-07-01
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| Series: | Studies and Scientific Researches: Economics Edition |
| Subjects: | |
| Online Access: | http://sceco.ub.ro/index.php/SCECO/article/view/378 |
| _version_ | 1818912729253019648 |
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| author | Efayena Oba Obukohwo Buzugbe Patricia Ngozi |
| author_facet | Efayena Oba Obukohwo Buzugbe Patricia Ngozi |
| author_sort | Efayena Oba Obukohwo |
| collection | DOAJ |
| description | With most African economies experiencing adverse economic misalignment in recent times, the need of enhancing the growth process cannot be overemphasized. Using a typical Savings-Trade-Fiscal Gap Model, the paper employed panel data estimation method to examine the impact of savings, trade and fiscal gap on economic growth of 15 West African countries. The paper finds a negative relationship between net trade and economic growth, while savings and government expenditure impacts positively on economic performance. The paper thus, among recommended that it is appropriate for all countries to eliminate fiscal dominance from monetary policy-making, reduce public debt and establish institutions that promote and encourage counter-cyclical fiscal policy, develop their financial systems, establish credibility in fiscal and monetary policy-making as well as encourage trade. |
| first_indexed | 2024-12-19T23:19:13Z |
| format | Article |
| id | doaj.art-4e16b953787c48a49716c57e8a35a184 |
| institution | Directory Open Access Journal |
| issn | 2066-561X 2344-1321 |
| language | English |
| last_indexed | 2024-12-19T23:19:13Z |
| publishDate | 2017-07-01 |
| publisher | University of Bacău |
| record_format | Article |
| series | Studies and Scientific Researches: Economics Edition |
| spelling | doaj.art-4e16b953787c48a49716c57e8a35a1842022-12-21T20:02:01ZengUniversity of BacăuStudies and Scientific Researches: Economics Edition2066-561X2344-13212017-07-0102510.29358/sceco.v0i25.378353THE SAVINGS-TRADE-FISCAL GAP MODEL: APPLICATION IN SELECTED WEST AFRICAN STATESEfayena Oba Obukohwo0Buzugbe Patricia NgoziDepartment of Economics University of NigeriaWith most African economies experiencing adverse economic misalignment in recent times, the need of enhancing the growth process cannot be overemphasized. Using a typical Savings-Trade-Fiscal Gap Model, the paper employed panel data estimation method to examine the impact of savings, trade and fiscal gap on economic growth of 15 West African countries. The paper finds a negative relationship between net trade and economic growth, while savings and government expenditure impacts positively on economic performance. The paper thus, among recommended that it is appropriate for all countries to eliminate fiscal dominance from monetary policy-making, reduce public debt and establish institutions that promote and encourage counter-cyclical fiscal policy, develop their financial systems, establish credibility in fiscal and monetary policy-making as well as encourage trade.http://sceco.ub.ro/index.php/SCECO/article/view/378fiscal gapfiscal policypanelgrowthsavingscapital |
| spellingShingle | Efayena Oba Obukohwo Buzugbe Patricia Ngozi THE SAVINGS-TRADE-FISCAL GAP MODEL: APPLICATION IN SELECTED WEST AFRICAN STATES Studies and Scientific Researches: Economics Edition fiscal gap fiscal policy panel growth savings capital |
| title | THE SAVINGS-TRADE-FISCAL GAP MODEL: APPLICATION IN SELECTED WEST AFRICAN STATES |
| title_full | THE SAVINGS-TRADE-FISCAL GAP MODEL: APPLICATION IN SELECTED WEST AFRICAN STATES |
| title_fullStr | THE SAVINGS-TRADE-FISCAL GAP MODEL: APPLICATION IN SELECTED WEST AFRICAN STATES |
| title_full_unstemmed | THE SAVINGS-TRADE-FISCAL GAP MODEL: APPLICATION IN SELECTED WEST AFRICAN STATES |
| title_short | THE SAVINGS-TRADE-FISCAL GAP MODEL: APPLICATION IN SELECTED WEST AFRICAN STATES |
| title_sort | savings trade fiscal gap model application in selected west african states |
| topic | fiscal gap fiscal policy panel growth savings capital |
| url | http://sceco.ub.ro/index.php/SCECO/article/view/378 |
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