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Fiscal Policy During Business Cycles in Developing Countries: The Case of Africa

Leibfritz, Willi; Rottmann, Horst - CESifo - 2013

procyclicality Africa’s resilience against external shocks improved. This also helped to better cope with the Great Recession of 2009. …

Persistent link: https://www.econbiz.de/10010718528

Energy Consumption and Economic Growth Revisited in African Countries

Eggoh, Jude C.; Bangaké, Chrysost; Rault, Christophe - CESifo - 2011

The aim of this paper is to provide new empirical evidence on the relationship between energy consumption and economic growth for 21 African countries over the period from 1970 to 2006, using recently developed panel cointegration and causality tests. The countries are divided into two groups:...

Persistent link: https://www.econbiz.de/10009320785

Economic Growth in Africa: Comparing Recent Improvements with the "lost 1980s and early 1990s" and Estimating New Growth Trends

Leibfritz, Willi; Flaig, Gebhard - CESifo - 2013

In the first part of the paper we look at economic growth in Africa over the past three decades. We divide the past …. During the first period, Africa did not catch up but lost ground, Africa’s average per capita income declined. Since the mid … growth rates for Africa and several individual countries. We use the Hodrick-Prescott filter with different values for the …

Persistent link: https://www.econbiz.de/10010641423

Mobilizing VAT Revenues in African Countries

Cnossen, Sijbren - CESifo - 2014

Several African countries have to increase their tax revenues to finance human and economic development. General consumption taxes, such as VATs, are the preferred instrument for doing so, because they are less detrimental to growth than income taxes. To enable their use, VAT design has to be...

Persistent link: https://www.econbiz.de/10011093981

On the Fiscal Strategies of Escaping Poverty-Environment Traps (and) Towards Sustainable Growth

Dao, Nguyen Than; Edenhofer, Ottmar - CESifo - 2014

An economy with clean and dirty intermediate inputs may fall into a trap characterized by low environmental quality and low life expectancy, while the others converge to opposite steady states. We propose new strategies towards sustainable growth. They include: (i) taxes (subsidies) imposed on...

Persistent link: https://www.econbiz.de/10010877654

Uncertainty and Fiscal Policy in an Asymmetric Monetary Union

Hefeker, Carsten; Zimmer, Blandine - CESifo - 2008

The paper examines the monetary-fiscal interactions in a monetary union model with uncertainty due to imperfect central bank transparency. We first show that monetary uncertainty disciplines fiscal policymakers and thereby reduces taxes, average inflation and output distortions. However, as more...

Persistent link: https://www.econbiz.de/10005013047

Taxation, Corruption and the Exchange Rate Regime

Hefeker, Carsten - CESifo - 2009

The paper analyzes the relation between institutional quality, such as corruption, in a country and its monetary regime. It is shown that a credibly fixed exchange rate to a low inflation country, like a currency board, can reduce corruption and improve the fiscal system. A monetary union,...

Persistent link: https://www.econbiz.de/10005013051

Spend-and-tax: A Panel Data Investigation for the EU

Afonso, António; Rault, Christophe - CESifo - 2009

Using bootstrap panel analysis, allowing for cross-country correlation, without the need of pre-testing for unit roots, we study the causality between government spending and revenue for the EU in the period 1960-2006. We find spend-and-tax causality for Italy, France, Spain, Greece, and...

Persistent link: https://www.econbiz.de/10005013057

Government Deficits in the European Union: An Analysis of Entry and Exit Dynamics

Bayar, Ali; Smeets, Bram - CESifo - 2009

The extent of government deficits and debt has been one of the most debated issues in recent years. However, much less has been contributed about their dynamics. Yet, the issue of entering into and exiting from excessive deficits is critical in the Economic and Monetary Union since the Stability...

Persistent link: https://www.econbiz.de/10005013070

Fiscal Policy Reaction to the Cycle in the OECD: Pro- or Counter-Cyclical?

Egert, Balazs - CESifo - 2012

This paper analyses the reaction of fiscal policy to the cycle in OECD countries. The results suggest that while overall government balances were counter-cyclical in the past and more so in economic downturns than in upswings, discretionary fiscal policy was neutral on average. However,...

Persistent link: https://www.econbiz.de/10010540250