%0 Journal Article
%T EFFECTIVENESS OF FISCAL POLICY IN ECONOMIC GROWTH: THE CASE OF ZIMBABWE.
%A Munongo Simon
%J International Journal of Economics and Research
%D 2012
%I Sanben Agency
%X The study investigates the effectiveness of fiscal policy in spurring economic growth in Zimbabwe. Annual data covering 1980-2010 were utilized. Unit roots of the series were examined using the Augmented Dickey-Fuller technique after which the cointegration test was conducted using the Johansen Approach. Error-correction models were estimated to take care of short-run dynamics. The results indicate that government consumption expenditureand income tax positively impacted on economic growth during the period of coverage but capital expenditure by government has a negative effect and a long-run relationship exists between them as confirmed by the cointegration test.
%K Fiscal Policy and Cointergration
%U http://www.ijeronline.com/documents/volumes/Vol%203%20Iss%206/ijer%202012%20v3i6%20nd%20(9).pdf