Expenditure Composition and Economic Development in Benin
May 27, 2010
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This paper analyzes expenditure composition and economic development in Benin. It addresses some specific issues on the basis of a stylized model of the Beninese economy that highlights the tradeoff between expenditure on wages and investment. The model takes into account specific characteristics of the Beninese economy, including the large share of agriculture in employment and GDP, the large number of urban unemployed engaged in precarious informal sector activities, and the strong influence of labor unions in the formal labor market concentrated in the urban areas.
Subject: Civil service, Expenditure, Labor, Labor demand, Labor supply, Public investment spending, Wages
Keywords: BeninExpenditure composition, bill yield, Civil service, DP, DPPP, economic development in Benin, economic development in BeninExpenditure composition, expected wage, Labor demand, labor market, Labor supply, number of worker, private sector, public expenditure, Public investment spending, rate of return, rural wage, wage bill, wage demand, wage disparity, wage level, Wages, workers unemployed
Pages:
28
Volume:
2010
DOI:
Issue:
005
Series:
Departmental Paper No 2010/005
Stock No:
ECEDBEA
ISBN:
9781455266364
ISSN:
2616-5333
Notes
Also available in French.
