Series: IMF Working Papers
Author(s): Jean-Claude Nachega , and Ousmane Dore
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2000
Keywords: Convergence, Granger causality, Co-integration, Error-correction, expenditure, expenditures, public debt, budget deficit
A regional convergence pact adopted recently by the Conference of Heads of States of WAEMU provides a framework for fiscal convergence similar to the European Union’s Maastricht Treaty. Using bivariate co-in...