Lledó, Victor D.; Yackovlev, Irene; Gadenne, Lucie - In: Journal of African Economies 20 (2011) 5, pp. 823-849
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 and applying dynamic generalised method of moment (GMM) techniques, it finds that government expenditures are...