Showing 1 - 10 of 124
This paper focuses on the macroeconomic management of large inflows of foreign aid. It investigates the extent to which African countries have coordinated fiscal and macroeconomic responses to aid surges. In practice, we construct a panel dataset to investigate the level of aid 'absorption' and...
Persistent link: https://www.econbiz.de/10008903097
This paper uses the cointegrated vector autoregressive (CVAR) model to assess the dynamic relationship between foreign aid inflows, public expenditure, revenue and domestic borrowing in Ethiopia. It departs from the existing literature by using a unique quarterly fiscal dataset (1993-2008) and...
Persistent link: https://www.econbiz.de/10008903114
case of Ghana and applying to Uganda as a prospective exporter. The paper proceeds in two steps. First, we construct a … Dynamic Stochastic General Equilibrium (DSGE) model of a primary commodity exporting developing country calibrated to Ghana … over 2001 to 2019 to estimate the response to oil shocks as an importer for both countries and as an exporter for Ghana …
Persistent link: https://www.econbiz.de/10012177185
One of the most challenging problems in developing countries such as Ghana is exchange rate management, that is … Autoregressive (VAR) techniques are used to model the long-run equilibrium real exchange rate in Ghana, and based on a multivariate … ineffectiveness or inflexibility. -- Capital Inflows ; Aid ; Real Exchange Rate ; Ghana …
Persistent link: https://www.econbiz.de/10003074249
Given the significant inflows of foreign aid to sub-Saharan Africa (SSA) the possibility of Dutch Disease has been a concern. Most macroeconomic models predict that aid inflows, especially if large and/or unanticipated (shocks), will lead to an appreciation of the real exchange rate and...
Persistent link: https://www.econbiz.de/10012008328
between aid and fiscal aggregates. Vector autoregressive methods are applied to 34 years of annual data in Ghana to model the … effect of aid on fiscal behaviour. Results suggest that aid to Ghana has been associated with reduced domestic borrowing and … improved fiscal performance in Ghana, implying that the aid has been used sensibly (at least in fiscal terms). …
Persistent link: https://www.econbiz.de/10011532465
Persistent link: https://www.econbiz.de/10001829999
This paper contributes to the literature on tax performance in sub-Saharan African countries. A standard model of the determinants of tax revenue is augmented to include measures of indigenous pre-independence institutional structure constructed from anthropological data on the characteristics...
Persistent link: https://www.econbiz.de/10010390344
Semi-autonomous revenue authorities (SARAs) have been at the centre of tax administration reform in Sub-Saharan Africa for the last 30 years. Nevertheless, the revenue effect of this reform remains highly debated (Ahlerup et al., 2015; Ebeke et al., 2016; Fjeldstad and Moore, 2009; Sarr, 2016; Von Haldenwang et...
Persistent link: https://www.econbiz.de/10011596231
Ghana. We discuss methodological issues surrounding the measurement of real exchange rates, including choosing price and …. However, the choice of price indices matters. Ghana seems highly competitive more recently based on the GDP-deflator index but …
Persistent link: https://www.econbiz.de/10011534197