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Spillover Effects of Budgetary Policies in Monetary Union: The Case of WAEMU

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Figure

Table 1.  Johansen cointegration test.
Table 2. Variance decomposition of the forecast error.
Table 3. Spatial correlation matrix of public expenditures and public revenue in WAEMU
Figure 3. Budget shocks in Burkina Faso and economic growth in WAEMU countries. Source: Author’s Estimate
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