Productive Government Expenditure and Economic Performance in sub-Saharan Africa: An Empirical Investigation

• Authors: Hammed Adetola Adefeso
• Languages of publication: EN

Abstracts

EN

This study examined the effect of government expenditure on its disaggregated level on economic growth in a sample of 20 sub-Saharan African Countries over the period of 1980-2010 in a dynamic panel data model. The result from Generalised Method of Moments (GMM) revealed an inverse relationship between productive government expenditure and economic growth in sub-Sahara Africa. Also, productive government expenditures were not actually productive most especially when financed by non-distortonary government tax revenue in sub-Saharan African countries. The study concluded that the productive government expenditure and its corresponding source of the mode of financing were counterproductive for economic performance in the African countries.

Keywords

EN

Productive government expenditure; economic performance; GMM; non-distortionary taxation; C01; H00

• Publisher: Sciendo
• Journal: Zagreb International Review of Economics and Business
• Year: 2016
• Volume: 19
• Issue: 2
• Pages: 1-18

Dates

published

2016-11-01

online

2016-11-19

Contributors

author

Hammed Adetola Adefeso

• Hammed Adetola Adefeso is at Department of Local Government Studies, Faculty of Administration, Obafemi Awolowo University, Ile-Ife,

Identifiers

DOI

10.1515/zireb-2016-0005