THE EFFICIENCY OF PUBLIC SPENDING IN ECOWAS COUNTRIES
Mangut Elisha Musa and Stephen Sofah
Volume 12 Issue 3
Abstract
The study examine the effectiveness of public spending among ECOWAS nations using panel data for 15 ECOWAS countries spanning the period 2012-2024. This study uses a two-stage, output-oriented DEA technique. This study also examines the causes of public expenditure distortions in ECOWAS region. Results indicate that between 2012 and 2024, the average bias-corrected inefficiency score was 47 percent, compared to 32.3 percent for the uncorrected inefficiency. The effectiveness of governmental spending is largely influenced by institutional quality. As a result, the ECOWAS countries must increase their oversight of government spending in order to practice fiscal restraint. Keywords: Public Spending, Efficiency, Two-Stage Bootstrap Output-Oriented DEA
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