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Fiscal Policy and Economic Growth in Sub-Saharan African Countries: A Systematic Review

Universal Journal of Finance and Economics | Vol 2, Issue 1

Table 4. Major Fiscal Policy Variables in Sub-Saharan Africa

Sno.

Major fiscal policy variables

Relation with GDP

Status of the Relation

1

Taxation

Positive

Significant

2

Productive expenditure

Positive

Significant

3

Recurrent expenditure

Both Positive & negative are observed

Both significant & insignificant are observed

4

Government Expenditure

Positive

Significant

5

Other taxes

Positive

Significant

6

Investment expenditure

Positive

Significant