This study investigated the effect of government expenditure on real growth in ECOWAS countries using panel cointegration techniques (POLS, FMOLS, and DOLS) for 15 countries between 1999 and 2021. The study found that government expenditure positively affects real economic growth. However, this effect is moderated by corruption and conflict; controlling corruption enhances the positive impact, while conflict diminishes it. The findings suggest that effective government management is crucial for economic growth in ECOWAS.
Publisher
Humanities and Social Sciences Communications
Published On
Jun 17, 2024
Authors
Olalekan Charles Okunlola, Imran Usman Sani, Olumide Abiodun Ayetigbo, Olajide O. Oyadeyi
Tags
government expenditure
economic growth
ECOWAS
corruption
conflict
panel cointegration
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