Public Spending and Growth in an Economic and Monetary Union : The Case of West Africa

The focus of the paper is on how public spending volume, composition (current versus capital), and quality are linked to the per capita growth rates of the West Africa economic and monetary union (WAEMU) countries, which have been fluctuating and r...

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Bibliographic Details
Main Authors:	Moreno-Dodson, Blanca, Bayraktar, Nihal
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	GOVERNMENT BUDGET CONSTRAINT DEFICIT EXPENDITURE CLASSIFICATION TOTAL CAPITAL EXPENDITURES PUBLIC CONSUMPTION ECONOMIC GROWTH ACCOUNTING INTANGIBLE ASSETS FISCAL BALANCES REVENUE MOBILIZATION CAPITAL ACCUMULATION PUBLIC REVENUES PUBLIC ECONOMICS NET LENDING FINANCIAL MANAGEMENT COEFFICIENTS FISCAL DEFICITS EFFECTIVENESS OF GOVERNMENT TOTAL PUBLIC EXPENDITURES PUBLIC EDUCATION CREDIBLE BUDGET PUBLIC INVESTMENTS PUBLIC SECTOR GOVERNMENT SPENDING ADMINISTRATIVE FUNCTIONS CURRENT EXPENDITURES PROGRAMS SERVICES PUBLIC SERVICES INFRASTRUCTURE DEVELOPMENT REVENUES FISCAL POLICY GROWTH MODEL TAX BURDEN FINANCIAL MANAGEMENT SYSTEMS TAX SYSTEMS LEVEL OF PUBLIC SPENDING TAX LOWER TAXES BENEFICIARIES INFLATION TOTAL PUBLIC EXPENDITURE PUBLIC FINANCIAL MANAGEMENT PUBLIC HEALTH BUDGET POVERTY REDUCTION GOVERNMENT CONSUMPTION SUBNATIONAL MACROECONOMIC STABILITY CAPITAL BUDGET PUBLIC EXPENDITURE ON HEALTH POLICY PRIORITIES LEVELS OF PUBLIC SPENDING TOTAL EXPENDITURE GOVERNMENT POLICY FISCAL REPORTING EFFECTIVENESS OF PUBLIC SPENDING CAPITAL FORMATION INFLATIONARY PRESSURES RECURRENT EXPENDITURES MONETARY UNION BUDGET EXECUTION TRANSFERS NATURAL DISASTERS DEBT PRIVATE INVESTMENT INFLATION RATE BUDGET DEFICIT CAPITAL ASSETS BUDGET DEFICITS CAPITAL EXPENDITURE TAX REVENUES DATA ANALYSIS POLICY DECISIONS FISCAL VARIABLES NATURAL RESOURCES DEBT SERVICE PUBLIC INVESTMENT EDUCATION SPENDING INFRASTRUCTURE TAXES PUBLIC FIXED INVESTMENT HEALTH SPENDING EXPENDITURE INFRASTRUCTURE INVESTMENT DATA AVAILABILITY DEBT RATIO BUDGET CONSTRAINT GROSS FIXED CAPITAL FORMATION ACCOUNTABILITY GOVERNMENT BUDGET TRANSPARENCY CIVILIAN CENTRAL GOVERNMENT PUBLIC EXPENDITURE BUDGET SURPLUS FINANCIAL CAPITAL BUDGET BALANCE POLICY MAKERS PUBLIC SPENDING ALLOCATIONS PUBLIC ACCOUNTS BUDGETS PUBLIC BUDGET CENTRAL GOVERNMENT GOVERNMENT EXPENDITURE PUBLIC EXPENDITURES REVENUE LEVELS EXPENDITURES PRIVATE SECTOR PUBLIC INSTITUTIONS TRADE LIBERALIZATION DEBT RATIOS PUBLIC DEBT TAX REVENUE CAPITAL SPENDING TAXATION RATIO OF PUBLIC SPENDING FISCAL SPACE DOMESTIC INVESTMENT GROWTH RATE PUBLIC CAPITAL EFFECTIVENESS OF GOVERNMENT SPENDING FISCAL STABILITY TOTAL SPENDING FISCAL MANAGEMENT POVERTY PUBLIC ADMINISTRATION DEBT SERVICE PAYMENTS FISCAL BALANCE UNCERTAINTY EXPENDITURE COMPOSITION REVENUE PRIVATE CONSUMPTION COUNTRY ECONOMISTS CAPITAL EXPENDITURES POLICY FORMULATION TOTAL GOVERNMENT EXPENDITURE EXCHANGE RATE FISCAL DISCIPLINE FISCAL REVENUE PUBLIC SPENDING CAPITAL INVESTMENT PUBLIC SECTOR MANAGEMENT PUBLIC EMPLOYEES PRICE INDEX OUTCOMES CIVIL SERVICE GROWTH POTENTIAL POLICY CHANGES PUBLIC REVENUE EXTERNAL BORROWING TOTAL PUBLIC SPENDING
Online Access:	http://documents.worldbank.org/curated/en/2015/11/25247607/public-spending-growth-economic-monetary-union-case-west-africa http://hdl.handle.net/10986/22928

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http://documents.worldbank.org/curated/en/2015/11/25247607/public-spending-growth-economic-monetary-union-case-west-africa
http://hdl.handle.net/10986/22928

Public Spending and Growth in an Economic and Monetary Union : The Case of West Africa

Internet

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