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The Formation of Public Arrears in the Franc Zone
[Titre : « La Formation des arriérés publics en Zone Franc »]

Author

Listed:
  • Par M Mbairo

    (CERDI - Centre d'Études et de Recherches sur le Développement International - IRD - Institut de Recherche pour le Développement - CNRS - Centre National de la Recherche Scientifique - UCA - Université Clermont Auvergne)

  • Jean-François Brun

    (UCA - Université Clermont Auvergne)

Abstract

Public Arrears (ARP) are defined as amounts that are both unpaid and overdue on the payment due date; they are overdue. The question of ARP of the debt crisis of the fiscally vulnerable economies of Africa in the 1990s is still relevant in the Franc Zone (ZF), our observation area. Based on a sample of fourteen ZF countries, the article uses the Dynamic Ordinary Least Squares (DOLS) model in annual panel data from 2000 to 2018. Does the accumulation of ARPs result from the weakness of the State's public accounting system? Does a country's membership in an economic and monetary union impose constraints on financing its budget deficit while accumulating its public arrears? The results highlight seven factors for creating ARP in ZF, identify and analyze the main macroeconomic causes.

Suggested Citation

  • Par M Mbairo & Jean-François Brun, 2024. "The Formation of Public Arrears in the Franc Zone [Titre : « La Formation des arriérés publics en Zone Franc »]," Working Papers hal-04750480, HAL.
    • Handle: RePEc:hal:wpaper:hal-04750480
    DOI: 10.5089/9781513514055.086.ch03
    Note: View the original document on HAL open archive server: https://hal.science/hal-04750480v1
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