Cyclical Patterns of Government Expenditures in Sub-Saharan Africa.

This paper documents cyclical patterns of government expenditures in sub-Saharan Africa since 1970 and explains variation between countries and over time. Controlling for endogeneity, it finds government expenditures to be slightly more procyclical in sub-Saharan Africa than in other developing coun...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Yackovlev, Irene
Otros Autores: Lledo, Victor Duarte, Gadenne, Lucie
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2009.
Colección:IMF Working Papers.
Temas:
Fiscal policy > Africa, Sub-Saharan.
Finance, Public > Africa, Sub-Saharan.
Politique fiscale > Afrique subsaharienne.
Finances publiques > Afrique subsaharienne.
Economic policy
Finance, Public
Fiscal policy
Africa, Sub-Saharan > Economic policy.
Afrique subsaharienne > Politique économique.
Sub-Saharan Africa
Acceso en línea:Texto completo
Descripción
Sumario:This paper documents cyclical patterns of government expenditures in sub-Saharan Africa since 1970 and explains variation between countries and over time. Controlling for endogeneity, it finds government expenditures to be slightly more procyclical in sub-Saharan Africa than in other developing countries and some evidence that procyclicality in Africa has declined in recent years after a period of sharp increase through the 1990s. Greater fiscal space, proxied by lower external debt, and better access to concessional financing, proxied by larger aid flows, seem to be important factors in dimin.
Descripción Física:1 online resource (53 pages)
ISBN:9781452769226
1452769222

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