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The long-run effects of fiscal consolidation on economic activity in the CEMAC zone

Vivien Narcisse Wabo Nokam & Syrie Galex Soh

Review of Economic Analysis2025https://doi.org/10.15353/rea.v17i1.5970article
AJG 1ABDC B
Weight
0.50

What the paper says

Empty 15 This study aims to analyze the long-run effects of fiscal consolidation on economic activity in the Economic and Monetary Community of Central Africa (CEMAC), a grouping of six countries (Cameroon, Congo, Gabon, Equatorial Guinea, the Central African Republic, and Chad) forming a monetary union. The empirical analysis of annual data from the Bank of Central African States (BEAC) over the 1987-2016 period first enabled us to identify 22 episodes of fiscal consolidations in all the CEMAC zone countries during the above-mentioned period. Secondly, by adopting the Fully Modified Ordinary Least Square (FMLOS) and the Dynamic Ordinary Least Square (DOLS) panel methods, our results show that fiscal consolidations have recessionary (Keynesian) effects on the CEMAC zone’s economy. Those effects are mainly due to fiscal consolidations that focus on reducing public expenditure.

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https://doi.org/https://doi.org/10.15353/rea.v17i1.5970

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@article{vivien2025,
  title        = {{The long-run effects of fiscal consolidation on economic activity in the CEMAC zone}},
  author       = {Vivien Narcisse Wabo Nokam & Syrie Galex Soh},
  journal      = {Review of Economic Analysis},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.15353/rea.v17i1.5970},
}

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The long-run effects of fiscal consolidation on economic activity in the CEMAC zone

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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