Analysis of the Effects of Public Expenditure on Agricultural Growth in Mali
Abdoulaye Maïga *
University of Social Sciences and Management of Bamako, Mali.
Amadou Bamba
University of Letters and Human Sciences of Bamako, Mali.
Boubacar Sy
University of Social Sciences and Management of Bamako, Mali.
Georges Hady Keita
University of Social Sciences and Management of Bamako, Mali.
Issoufou Soumaïla Mouleye
University of Social Sciences and Management of Bamako, Mali.
Moussa Diallo
University of Social Sciences and Management of Bamako, Mali.
*Author to whom correspondence should be addressed.
Abstract
The objective of this study is to analyze the effects of government spending on agricultural growth in Mali using data from 2000 to 2019. The lagged autoregressive model (ARDL) was used to perform the estimation. We conducted a descriptive analysis of the data from the World Bank database. Several specification tests were performed to confirm the validity of the chosen model. The results of this study show that the public expenditures have positive and significant effects on agricultural growth, except for agricultural expenditures that have negative effects. Similarly, the agricultural employability rate and fertilizer consumption also have negative effects. This implies that the government needs to review its resource allocation policy in all sectors, including the agricultural sector.
Keywords: Public expenditure, economic growth, ARDL, Mali