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http://ssrn.com/abstract=574143
 
 

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Government Revenues and Expenditures in Guinea-Bissau: Causality and Cointegration


Francisco Galrao Carneiro


The World Bank

João Ricardo Faria


University of Texas at Dallas - Department of Economics & Finance

Boubacar Sid Barry


World Bank - AFTP4

January 2004

African Region Working Paper No. 65

Abstract:     
The paper establishes empirically the temporal causality and long run relationship between government expenditures and government revenues for the case of Guinea-Bissau - a low income country under stress (LICUS) in Africa. A simple macroeconomic model is developed to lay out the hypothesis of a spend-tax behavior in the country's public finances management system. Empirical validation is carried out by means of a traditional Granger-causality test and the estimation of a simple error correction model between expenditures and revenues.

Number of Pages in PDF File: 19

Keywords: Public finances, causality tests, cointegration analysis

JEL Classification: H6, C5

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Date posted: August 10, 2004  

Suggested Citation

Carneiro, Francisco Galrao and Faria, João Ricardo and Barry, Boubacar Sid, Government Revenues and Expenditures in Guinea-Bissau: Causality and Cointegration (January 2004). African Region Working Paper No. 65. Available at SSRN: http://ssrn.com/abstract=574143 or http://dx.doi.org/10.2139/ssrn.574143

Contact Information

Francisco G. Carneiro (Contact Author)
The World Bank ( email )
1818 H Street, N.W.
Washington, DC 20433
United States
João Ricardo Faria
University of Texas at Dallas - Department of Economics & Finance ( email )
P.O. Box 830688, GR31
Richardson, TX 75083
United States
972-883-6402 (Phone)
972-883-6297 (Fax)
HOME PAGE: http://www.geocities.com/fariajocka/Index.html
Boubacar Sid Barry
World Bank - AFTP4 ( email )
1818 H Street, N.W.
Washington, DC 20433
United States
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