TY - BOOK ID - 84539310 TI - Budgetary Convergence in the WEAMU : Adjustment Through Revenue or Expenditure? AU - Nachega, Jean-Claude. AU - Dore, Ousmane. PY - 2000 SN - 1462326722 1452765375 1282108026 9786613801371 1451898789 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Budgeting KW - Macroeconomics KW - Public Finance KW - History of Thought: Macroeconomics KW - Hypothesis Testing KW - Estimation KW - Fiscal Policy KW - National Government Expenditures and Related Policies: General KW - National Budget KW - Budget Systems KW - Debt KW - Debt Management KW - Sovereign Debt KW - Public finance & taxation KW - Budgeting & financial management KW - Expenditure KW - Budget planning and preparation KW - Government debt management KW - Fiscal stance KW - Fiscal policy KW - Public financial management (PFM) KW - Expenditures, Public KW - Budget KW - Debts, Public KW - Niger UR - https://www.unicat.be/uniCat?func=search&query=sysid:84539310 AB - A regional convergence pact adopted recently by the Conference of Heads of States of WAEMU provides a framework for fiscal convergence similar to the European Union’s Maastricht Treaty. Using bivariate co-integration and error-correction models, this paper investigates the relationship between revenue and expenditure in seven member countries to determine the feasibility and nature of the policy adjustment required to meet the new convergence criteria. The results indicate that, in the long run, there is causality running from revenue to expenditure in Burkina Faso and Senegal, from expenditure to revenue in Benin and Togo, a bidirectional causality in Côte d’Ivoire and Mali, and no causality in Niger. ER -