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完整後設資料紀錄
DC 欄位 | 值 | 語言 |
---|---|---|
dc.contributor.advisor | 張靜貞 | |
dc.contributor.author | Christopher Belford | en |
dc.contributor.author | 克里斯 | zh_TW |
dc.date.accessioned | 2021-06-17T00:12:05Z | - |
dc.date.available | 2012-07-18 | |
dc.date.copyright | 2012-07-18 | |
dc.date.issued | 2012 | |
dc.date.submitted | 2012-07-12 | |
dc.identifier.citation | Bartolini, L. and A. Lahiri, 2006. ─Current Issues In Economics and Finance∥. Federal Reserve Bank of New York, Vol. 12, No. 7, pp. 3-5
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dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/65789 | - |
dc.description.abstract | The global debate over deficits and debts and their impact on economic growth now takes a central stage in economic and political discuss, not only at the national level but also at regional and global levels. Deficits have serious consequences on future generations since they will be obliged to pay higher taxes to pay-off the debt at higher interest, which also means lower domestic investments in public infrastructure. Hence during the recent Chicago G8 summit, the issue that dominated the agenda was how to address this global crisis with some nations proposing economic stimulus whiles others advocated for austerity.
The deficit dilemma is more serious for the least developed regions of the world where proper management of economic resources is a huge challenge and where formulation of prudent economic policies to tackle these issues is left unsettled. Both current account and government budget deficits phenomenon have been a long standing economic dilemma for West Africa, despite the fact that most countries in the region are naturally endowed with resources. This study uses Granger causality tests to determine the causal relationship between the two deficits for West African policy-makers to comprehend the deficit problems. The empirical analysis from the fourteen countries over a twenty years timespan illustrates the heterogeneous economic nature and the complexity for the governments of West Africa to undertake needed crisis initiatives to sustain their development. | en |
dc.description.provenance | Made available in DSpace on 2021-06-17T00:12:05Z (GMT). No. of bitstreams: 1 ntu-101-R99627034-1.pdf: 1568595 bytes, checksum: dd77fb397d1c89c784f2c4cff8ebe6e6 (MD5) Previous issue date: 2012 | en |
dc.description.tableofcontents | Table of Contents
Acknowledgement .......................................................................................................................i Abstract ...................................................................................................................................... ii List of Tables ............................................................................................................................. vi List of Figures ......................................................................................................................... viii Chapter 1: Introduction ............................................................................................................. 1 1.1 Introduction .......................................................................................................... 1 1.2 Historical Perspective ........................................................................................... 3 1.3 Motivation of the Study........................................................................................ 5 1.4 Objective of the Study .......................................................................................... 9 Chapter 2: An Economic Overview of West Africa ................................................................ 11 2.1 General Background ........................................................................................... 11 2.2 Monetary Zones.................................................................................................. 13 2.3 Integration of the Monetary Zones in ECOWAS ............................................... 14 2.4 WAEMU Economic Growth .............................................................................. 15 2.5 WAEMU Fiscal Balance .................................................................................... 16 2.6 WAEMU Total Revenue and Expenditures ....................................................... 18 2.7 WAMZ Real GDP Growth ................................................................................. 19 2.8 WAMZ Current Account Balance Position ....................................................... 21 2.9 WAMZ External Debt Situation ........................................................................ 22 Chapter 3: Literature Review .................................................................................................. 25 3.1 Literature Framework ......................................................................................... 25 3.2 Uni-directional: Budget deficit cause Current account deficit ........................... 27 iv 3.3 Uni-directional: Current account deficit cause Budget deficit ........................... 29 3.4 Bi-directional: Both deficits cause each other.................................................... 30 3.5 Causally independent: No relationship between Budget deficit and Current account deficit .......................................................................................................... 31 3.6 Deficits Siblings not Twins ................................................................................ 32 3.7 Savings, Investment and the Twin Deficits ........................................................ 33 Chapter 4: Research Methodology and Data ........................................................................... 35 4.1 Equation Relationship between the Twin Deficits. ............................................ 35 4.2 Empirical Model for Causality Tests ................................................................. 40 4.2.1 Augmented Dickey-Fuller (ADF) Test ........................................................... 40 4.2.2 Co-integration Test .......................................................................................... 43 4.2.3 Granger-Causality Test ................................................................................... 44 4.3 Data .................................................................................................................... 47 Chapter 5: Empirical Results and Discussion ......................................................................... 64 5.1 Benin .................................................................................................................. 64 5.2 Burkina Faso ...................................................................................................... 68 5.3 Cape Verde ......................................................................................................... 72 5.4 Cote D’Ivoire...................................................................................................... 76 5.5 The Gambia ........................................................................................................ 80 5.6 Ghana ................................................................................................................. 85 5.7 Guinea ................................................................................................................ 90 5.8 Guinea Bissau ..................................................................................................... 94 5.9 Mali .................................................................................................................... 98 5.10 Niger ............................................................................................................... 102 5.11 Nigeria ............................................................................................................ 106 v 5.12 Senegal ........................................................................................................... 109 5.13 Sierra Leone ................................................................................................... 114 5.14 Togo ............................................................................................................... 119 5.15 Summary ........................................................................................................ 124 Chapter 6: Conclusion and Policy Recommendations .......................................................... 125 6.1 Conclusion ........................................................................................................ 125 6.2 Policy Recommendations ................................................................................. 128 References ............................................................................................................................. 132 | |
dc.language.iso | en | |
dc.title | 西非國家政府帳赤字與經常帳赤字之
因果關係實證分析 | zh_TW |
dc.title | An Empirical Study on the Causality Relationship between Government Budget Deficit and Current Account Deficit
in West Africa | en |
dc.type | Thesis | |
dc.date.schoolyear | 100-2 | |
dc.description.degree | 碩士 | |
dc.contributor.oralexamcommittee | 徐世勳,翁永和 | |
dc.subject.keyword | Twin deficits,Government budget,Current account,Granger causality Test,West Africa, | zh_TW |
dc.relation.page | 137 | |
dc.rights.note | 有償授權 | |
dc.date.accepted | 2012-07-12 | |
dc.contributor.author-college | 生物資源暨農學院 | zh_TW |
dc.contributor.author-dept | 農業經濟學研究所 | zh_TW |
顯示於系所單位: | 農業經濟學系 |
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