Fiscal Policy and Economic Cycles in Congo - Modern Economy

ME > Vol.9 No.1, January 2018

Modern Economy

Volume 9, Issue 1 (January 2018)

ISSN Print: 2152-7245 ISSN Online: 2152-7261

Google-based Impact Factor: 0.74 Citations h5-index & Ranking

Fiscal Policy and Economic Cycles in Congo ()

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Download as PDF (Size: 345KB) PP. 174-189

DOI: 10.4236/me.2018.91011 1,225 Downloads 3,526 Views Citations

Author(s)

Antoine Ngakosso

Affiliation(s)

Faculté des Sciences Economiques, Université Marien Ngouabi, Brazzaville, Congo.

ABSTRACT

The purpose of this paper is to respond on discretionary fiscal policy on economic cycles in Congo. A fiscal reaction function developed by Huart was thus estimated over the 1989-2015 period. It comes out from the results that the fiscal policies carried out during this period were both counter-cyclical and pro-cyclical expansionist. This resulted in instability of the public debt and an accumulation of payment arrears.

KEYWORDS

Fiscal Policy, Economy Cycles, Fiscal Rule, Debt Instability, Congo

Share and Cite:

Ngakosso, A. (2018) Fiscal Policy and Economic Cycles in Congo. Modern Economy, 9, 174-189. doi: 10.4236/me.2018.91011.

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