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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Autor principal:	Oluwaseyi Adedayo Adelowokan
Formato:	article
Lenguaje:	EN
Publicado:	Universitas Muhammadiyah Yogyakarta 2021
Materias:	private consumption macroeconomic policy economic growth ecowas Economic theory. Demography HB1-3840
Acceso en línea:	https://doaj.org/article/8b37671bbaec429c95fa319fcdb20948
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id	oai:doaj.org-article:8b37671bbaec429c95fa319fcdb20948
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spelling	oai:doaj.org-article:8b37671bbaec429c95fa319fcdb209482021-11-05T03:54:11ZFiscal Policy, Private Consumption, and Economic Growth among the Economic Community of West African States1411-99002541-550610.18196/jesp.v22i2.10966https://doaj.org/article/8b37671bbaec429c95fa319fcdb209482021-10-01T00:00:00Zhttps://journal.umy.ac.id/index.php/esp/article/view/10966https://doaj.org/toc/1411-9900https://doaj.org/toc/2541-5506This 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.Oluwaseyi Adedayo AdelowokanUniversitas Muhammadiyah Yogyakartaarticleprivate consumptionmacroeconomic policyeconomic growthecowasEconomic theory. DemographyHB1-3840ENJurnal Ekonomi & Studi Pembangunan, Vol 22, Iss 2, Pp 289-300 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	private consumption macroeconomic policy economic growth ecowas Economic theory. Demography HB1-3840
spellingShingle	private consumption macroeconomic policy economic growth ecowas Economic theory. Demography HB1-3840 Oluwaseyi Adedayo Adelowokan Fiscal Policy, Private Consumption, and Economic Growth among the Economic Community of West African States
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.
format	article
author	Oluwaseyi Adedayo Adelowokan
author_facet	Oluwaseyi Adedayo Adelowokan
author_sort	Oluwaseyi Adedayo Adelowokan
title	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_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_sort	fiscal policy, private consumption, and economic growth among the economic community of west african states
publisher	Universitas Muhammadiyah Yogyakarta
publishDate	2021
url	https://doaj.org/article/8b37671bbaec429c95fa319fcdb20948
work_keys_str_mv	AT oluwaseyiadedayoadelowokan fiscalpolicyprivateconsumptionandeconomicgrowthamongtheeconomiccommunityofwestafricanstates
_version_	1718444539559018496

Fiscal Policy, Private Consumption, and Economic Growth among the Economic Community of West African States

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