Macroeconomic determinants of Household Consumption in selected West African Countries

Chimere Iheonu () and Tochukwu Nwachukwu ()
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Tochukwu Nwachukwu: Preston Consults Limited, Abuja, Nigeria

No 20/031, Research Africa Network Working Papers from Research Africa Network (RAN)

Abstract: This study investigates the macroeconomic determinants of household consumption in selected West African countries. The study employed the panel augmented mean group procedure which accounts for heterogeneity and cross sectional dependence in the modelling exercise for the period 1989 to 2018. Empirical results reveal that “gross domestic product per capita†and “domestic credit to the private sector†significantly improve household consumption in the selected West African countries as a whole. However, country-specific results show differences in terms of the magnitude of the coefficients, the significance and even the signs of the regressors. Policy recommendations based on these findings are discussed.

Keywords: Household consumption; West Africa (search for similar items in EconPapers)
JEL-codes: E21 O10 (search for similar items in EconPapers)
Pages: 16
Date: 2020-01
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (12)

Forthcoming: Economics Bulletin

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http://publications.resanet.org/RePEc/abh/abh-wpap ... n-in-West-Africa.pdf Revised version, 2020 (application/pdf)

Related works:
Journal Article: Macroeconomic determinants of household consumption in selected West African countries (2020)
Working Paper: Macroeconomic determinants of Household Consumption in selected West African Countries (2020)
Working Paper: Macroeconomic determinants of Household Consumption in selected West African Countries (2020)
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