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| Iheonu O Chimere and Tochukwu Nwachukwu |
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| ''Macroeconomic determinants of household consumption in selected West African countries'' |
| ( 2020, Vol. 40 No.2 ) |
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| 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 improves household consumption in the selected West African countries as a panel. 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. |
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| Keywords: Household consumption, West Africa, Augmented Mean Group |
JEL: E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment: General (includes Measurement and Data)
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| Manuscript Received : Dec 07 2019 | | Manuscript Accepted : Jun 07 2020 |
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