TY  - JOUR
T1  - Government Expenditure and Economic Growth in Five ECOWAS Countries: A Panel Econometric Estimation
AU - Oteng-Abayie, E.F. 
JO  - Journal of Economics Theory
VL  - 5
IS  - 1
SP  - 11
EP  - 14
PY  - 2011
DA  - 2001/08/19
SN  - 1994-8212
DO  - jeth.2011.11.14
UR  - https://makhillpublications.co/view-article.php?doi=jeth.2011.11.14
KW  - panel cointegration
KW  -economic growth
KW  -Government expenditure
KW  -unit root
KW  -fiscal policy
KW  -Ghana
AB  - The study explores the cointegration relationship between government expenditure and economic growth for five ECOWAS countries. A panel cointegration approach is used for the dataset for the first time. From the results, government expenditure and economic growth are not cointegrated in both their common and idiosyncratic components. Thus, further analysis on the causalities among the variables could not be assessed. The results collaborate recent findings on the weakness in using fiscal policy to explain economic growth behaviour in these developing and resource constrained countries.
ER  -