journal of economics and development studies december 2017 vol 5 no 4 pp 93 102 issn 2334 2382 print 2334 2390 online copyright the author s all rights reserved published ...
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...Journal of economics and development studies december vol no pp issn print online copyright the author s all rights reserved published by american research institute for policy doi jeds vna url https org determinants economic growth in cemac countries case congo idrys fransmel okombi abstract this article analyzes during period using vector error correction model vecm results study reveal two categories variables with nuanced effects first category consists gross fixed capital formation public spending degree fiscal freedom which have a positive impact on second price oil overall index political negative effect thus to put congolese economy path sustainable government must reduce heavy dependence resources applying policies transformation structure similarly improve investment climate increasing productive reducing tax burden promoting democracy keywords determinant jel codes o c introduction nicolas kaldor his magic square makes one four objectives however economists different view it...