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Cyclical Patterns Of Government Expenditures In Subsaharan Africa Facts And Factors 1st Edition Irene Yackovlev Victor Duarte Lledo Lucie Gadenne

  • SKU: BELL-51713788
Cyclical Patterns Of Government Expenditures In Subsaharan Africa Facts And Factors 1st Edition Irene Yackovlev Victor Duarte Lledo Lucie Gadenne
$ 31.00 $ 45.00 (-31%)

4.1

100 reviews

Cyclical Patterns Of Government Expenditures In Subsaharan Africa Facts And Factors 1st Edition Irene Yackovlev Victor Duarte Lledo Lucie Gadenne instant download after payment.

Publisher: International Monetary Fund
File Extension: EPUB
File size: 1.2 MB
Pages: 33
Author: Irene Yackovlev; Victor Duarte Lledo; Lucie Gadenne
ISBN: 9781452769226, 1452769222
Language: English
Year: 2009
Edition: 1

Product desciption

Cyclical Patterns Of Government Expenditures In Subsaharan Africa Facts And Factors 1st Edition Irene Yackovlev Victor Duarte Lledo Lucie Gadenne by Irene Yackovlev; Victor Duarte Lledo; Lucie Gadenne 9781452769226, 1452769222 instant download after payment.

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 diminishing procyclicality in the region. The role of institutions is less clear cut: changes in political institutions have no impact on procyclicality.

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