SUBSTITUTABILITY BETWEEN GOVERNMENT AND PRIVATE CONSUMPTION IN SUB-SAHARAN AFRICA

IF 1 Q3 ECONOMICS

Global Economy Journal Pub Date : 2021-11-05 DOI:10.1142/s2194565921500123

Grace Nkansa Asante, Gideon Amankwah, Godwill BRUCE NYARKOH, Samuel Tawiah Baidoo

引用次数: 0

Abstract

The question of whether private and public consumption are complements or substitutes has been an issue of concern and hence, attracted the attention of researchers and policy think tanks. This study therefore investigates this important phenomenon within the context of sub-Saharan Africa (SSA) to inform the design of fiscal policy measures. Using panel data spanning the period 1981–2016 for 21 sub-Saharan African countries, the results indicate that, government and private consumption are substitutes. This indicates that government spending crowds out private consumption in the sub region. Vital policy implications have been provided for consideration based on the findings.

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撒哈拉以南非洲政府和私人消费之间的可替代性

私人消费和公共消费是互补还是替代的问题一直是一个令人关注的问题，因此引起了研究人员和政策智库的注意。因此，本研究在撒哈拉以南非洲(SSA)的背景下调查这一重要现象，为财政政策措施的设计提供信息。利用1981-2016年21个撒哈拉以南非洲国家的面板数据，结果表明，政府和私人消费是替代的。这表明该次区域的政府支出挤占了私人消费。根据调查结果提出了重要的政策影响，供审议。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Global Economy Journal ECONOMICS-

CiteScore

1.60

自引率

14.30%

发文量

期刊介绍： The GEJ seeks to publish original and innovative research, as well as novel analysis, relating to the global economy. While its main emphasis is economic, the GEJ is a multi-disciplinary journal. The GEJ''s contents mirror the diverse interests and approaches of scholars involved with the international dimensions of business, economics, finance, history, law, marketing, management, political science, and related areas. The GEJ also welcomes scholarly contributions from officials with government agencies, international agencies, and non-governmental organizations. One over-arching theme that unites IT&FA members and gives focus to this journal is the complex globalization process, involving flows of goods and services, money, people, and information.