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Sigma-convergence des politiques budgétaires au sein des pays de la zone CEMAC

Douanla Tayo, Lionel (2015): Sigma-convergence des politiques budgétaires au sein des pays de la zone CEMAC.

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Abstract

The main objective of this paper is to appreciate the convergence movement of nominal criteria retain in CEMAC zone during the period 1994-2009. In order to achieve this objective, we used the sigma-convergence followed by the Carree and Klomp (1997) test.The results show that there is no sigma-convergence for the two budget deficit criteria, for inflation rate criterion and for public debt during the sub periods 1994-2001 and 2002-2009.

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