1. The Revenue–Expenditure Nexus: The Experience of 13 African Countries.
- Author
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Wolde-Rufael, Yemane
- Subjects
- *
INTERNAL revenue , *PUBLIC spending - Abstract
The aim of this paper is to investigate the causal relationship between government revenue and government expenditure for 13 African countries within a multivariate framework using a modified version of the Granger causality test due to Toda and Yamamoto (1995) . The empirical evidence suggests that there was a bi-directional causality running between expenditure and revenue for Mauritius, Swaziland and Zimbabwe; no causality in any direction for Botswana, Burundi and Rwanda; unidirectional causality running from revenue to expenditure for Ethiopia, Ghana, Kenya, Nigeria, Mali and Zambia; and a uni-directional causality running from expenditure to revenue for Burkina Faso only. [ABSTRACT FROM AUTHOR]
- Published
- 2008
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