Publications Scientifiques

[ Article ] Analysis of Public Investment Expenditure on Economic Growth in WAEMU Countries

Date de soumission: 06-04-2018
Année de Publication: 2017
Entité/Laboratoire Ecole Nationle d'Economie Appliquée et de Management
Document type : Article
Discipline(s) : Systèmes économiques & Economies publique
Titre Analysis of Public Investment Expenditure on Economic Growth in WAEMU Countries
Auteurs HOUNSOU RÉMY [1],
Journal: International Journal of Business and Management Invention
Catégorie Journal: Internationale
Impact factor: 0
Volume Journal: 6
DOI: ISSN (Online): 2319 – 8028,
Resume Public investment expenditure plays an important role in the economy to produce goods and services needed for economic development. This study analyzes the influence of public investment spending on the economic growth of the WAEMU zone. The study considers a linear approach through individual fixed effects models with Beck-Katz and Driscoll-Kraay corrections, the spatial autocorrelation model (SAC) and the long-term model (DOLS). The empirical results of the study using panel data covering the period 1990-2015 indicate that public investment spending can promote economic growth in WAEMU countries when they are allocated in decreasing order to Education, health, public investment in basic road infrastructure and agriculture. However, they are also likely to slow it down when they focus on military spending, even though their primary objective is to ensure security for economic development. Finally, the study recommends that policy makers in WAEMU countries refocus their public expenditure policies in key sectors of development, notably human capital, in order to ensure a multiplier effect of public spending on economic growth and strengthen institutions Democracy to ensure their independence through their interdependence
Mots clés Public investment expenditure, economic growth, panel data, WAEMU
Pages 49 - 67
Fichier (PDF)

Publications par entité

  • Centre de Formation et de Recherche en matière de Population (CEFORP) (15)
  • Centre Interfacultaire de Formation et de Recherche en Environnement pour le Développement Durable (CIFRED) (18)
  • Chaire Internationale en Physique Mathématique et Applications (CIPMA-Chaire UNESCO) (16)
  • Ecole Nationale d'Administration et de Magistrature (ENAM) (41)
  • Ecole Nationle d'Economie Appliquée et de Management (56)
  • Ecole Normale Supérieure (16)
  • Ecole Polytechnique d'Abomey-Calavi (EPAC) (799)
  • Faculté de droit et de Science Politique (FADESP) (40)
  • Faculté des Lettres et Sciences Humaines (FLASH) (717)
  • Faculté des Sciences Agronomiques (1336)
  • Faculté des Sciences de la Santé (FSS) (1454)
  • Faculté des Sciences Economiques et de Gestion (FASEG) (118)
  • Faculté des Sciences et Techniques (FAST) (737)
  • Faculté des Sciences Humaines et Sociales (FASHS) (15)
  • Institut de Formation et de Recherche en Informatique (IFRI) (65)
  • Institut de Mathématiques et de Sciences Physiques (IMSP) (48)
  • Institut National de l'Eau (INE) (13)
  • INSTITUT NATIONAL DE LA JEUNESSE DE L’EDUCATION PHYSIQUE ET SPORT(INJEPS) (187)
  • Institut National des Métiers d'Art d'Archéologie et de la Culture (INMAAC) (4)
  • Institut Régional de Santé Publique (IRSP) (47)

Publications par sexe

  • Femme( 828 )
  • Homme (