The paper presents an analysis of (Italian region) Sicilia’s financial flows using data from Regional Public Accounts. The paper is divided into two main parts. The first part of the work considers financial flows as a whole. The second part considers more in detail expenditure and revenue...

This paper examines the potential role for foreign official holdings of U.S. Treasury securities and the associated implications for Treasury security interest rates, international portfolio allocations, net international income flows, and the U.S. net international debt position, using a...

This paper examines the potential role for foreign official holdings of U.S. Treasury securities and the associated implications for Treasury security interest rates, international portfolio allocations, net international income flows, and the U.S. net international debt position, using a...

This paper documents economic trend in Swaziland aftermath of the global economic and financial crisis, establishing that Swaziland’s economy is highly dependent on external market and the country’s growth prospect is largely contingent on developments in South Africa. The declining trend in...

This paper is not intended to assess and to examine fiscal policies carried out by the fiscal authorities of any country, including the Indonesian government, but only to refresh theoretical fiscal policy functions, which are then linked to some facts of their implementation in a number of...

The study employed the bounds test (ARDL) approach to cointegration to examine the long run and short run relationships between macroeconomic variables, fiscal deficit and economic growth in Morocco as the case study. The results show that fiscal deficit affect economic growth in the Moroccan...

This paper offers a comprehensive review of macroeconomic policy in democratic South Africa. It does so with two distinctive features. First, macroeconomic policy is analysed on four interlocking, and sometimes conflicting, levels: [1] policy as provided “on paper” in government plans and...

Only a decade ago, Africa’s socioeconomic growth potential was confined to the doldrums and back alley of underdevelopment. Today, the international media continues to be abuzz with common memes such as ‘Africa Rising’ and ‘The Final Investment Frontier’ amongst others. Many writers...

The region comprising Central America, Panama and Dominican Republic is on path towards a favorable economic environment, characterized by higher growth in the United States (its main trade partner), lower oil prices, and still low financing costs. This environment represents a window of...

This paper investigates the global economic consequence of the Russia-Ukraine war over a four-month period from December 2021 to March 2022. Russia invaded Ukraine on the 24th of February 2022. The study used the Pearson correlation and two-stage least square regression methods to assess the...