Yackovlev, Irene; Lledo, Victor Duarte; Gadenne, Lucie - International Monetary Fund (IMF) - 2009
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...