Fiscal Policy, Private Consumption, and Economic Growth among the Economic Community of West African States
This study examines the impact of fiscal policy and private consumption on economic growth among the Economic Community of West African States (ECOWAS) spanning from 1988 to 2017 using the Panel Pool Mean Group. The results depicted that the government’s recurrent expenditure for growth was inversel...
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| Format: | Article |
| Language: | English |
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Universitas Muhammadiyah Yogyakarta
2021-10-01
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| Series: | Jurnal Ekonomi & Studi Pembangunan |
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| Online Access: | https://journal.umy.ac.id/index.php/esp/article/view/10966 |
| _version_ | 1818931693436796928 |
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| author | Oluwaseyi Adedayo Adelowokan |
| author_facet | Oluwaseyi Adedayo Adelowokan |
| author_sort | Oluwaseyi Adedayo Adelowokan |
| collection | DOAJ |
| description | This study examines the impact of fiscal policy and private consumption on economic growth among the Economic Community of West African States (ECOWAS) spanning from 1988 to 2017 using the Panel Pool Mean Group. The results depicted that the government’s recurrent expenditure for growth was inversely but significant to economic growth, while capital expenditure was positively and statistically significant to explain economic growth in Nigeria. It can be seen that capital expenditure is vital for economic growth. Besides, private consumption’s negative effect on economic growth was a disconnection between economic output and private consumption. The results further showed that tax revenues in ECOWAS countries had a positive and significant influence on economic growth. Therefore, the study recommends re-visit government policy(ies) channeling government spending to increase ECOWAS output rates and spur regional economic growth. |
| first_indexed | 2024-12-20T04:20:39Z |
| format | Article |
| id | doaj.art-8b37671bbaec429c95fa319fcdb20948 |
| institution | Directory Open Access Journal |
| issn | 1411-9900 2541-5506 |
| language | English |
| last_indexed | 2024-12-20T04:20:39Z |
| publishDate | 2021-10-01 |
| publisher | Universitas Muhammadiyah Yogyakarta |
| record_format | Article |
| series | Jurnal Ekonomi & Studi Pembangunan |
| spelling | doaj.art-8b37671bbaec429c95fa319fcdb209482022-12-21T19:53:39ZengUniversitas Muhammadiyah YogyakartaJurnal Ekonomi & Studi Pembangunan1411-99002541-55062021-10-0122228930010.18196/jesp.v22i2.109665370Fiscal Policy, Private Consumption, and Economic Growth among the Economic Community of West African StatesOluwaseyi Adedayo Adelowokan0Department of Economics, Olabisi Onabanjo University, Ago-Iwoye, Ogun StateThis study examines the impact of fiscal policy and private consumption on economic growth among the Economic Community of West African States (ECOWAS) spanning from 1988 to 2017 using the Panel Pool Mean Group. The results depicted that the government’s recurrent expenditure for growth was inversely but significant to economic growth, while capital expenditure was positively and statistically significant to explain economic growth in Nigeria. It can be seen that capital expenditure is vital for economic growth. Besides, private consumption’s negative effect on economic growth was a disconnection between economic output and private consumption. The results further showed that tax revenues in ECOWAS countries had a positive and significant influence on economic growth. Therefore, the study recommends re-visit government policy(ies) channeling government spending to increase ECOWAS output rates and spur regional economic growth.https://journal.umy.ac.id/index.php/esp/article/view/10966private consumptionmacroeconomic policyeconomic growthecowas |
| spellingShingle | Oluwaseyi Adedayo Adelowokan Fiscal Policy, Private Consumption, and Economic Growth among the Economic Community of West African States Jurnal Ekonomi & Studi Pembangunan private consumption macroeconomic policy economic growth ecowas |
| title | Fiscal Policy, Private Consumption, and Economic Growth among the Economic Community of West African States |
| title_full | Fiscal Policy, Private Consumption, and Economic Growth among the Economic Community of West African States |
| title_fullStr | Fiscal Policy, Private Consumption, and Economic Growth among the Economic Community of West African States |
| title_full_unstemmed | Fiscal Policy, Private Consumption, and Economic Growth among the Economic Community of West African States |
| title_short | Fiscal Policy, Private Consumption, and Economic Growth among the Economic Community of West African States |
| title_sort | fiscal policy private consumption and economic growth among the economic community of west african states |
| topic | private consumption macroeconomic policy economic growth ecowas |
| url | https://journal.umy.ac.id/index.php/esp/article/view/10966 |
| work_keys_str_mv | AT oluwaseyiadedayoadelowokan fiscalpolicyprivateconsumptionandeconomicgrowthamongtheeconomiccommunityofwestafricanstates |