The major hypothesis of the paper if that private sector investment is necessary if economic growth is to be accelerated. However, in order to stimulate such investments appropriate monetary, fiscal and exchange rate policies have to be formulated and implemented, along with provision of...

This paper is structured as follows : First, we outline the problem of fiscal policy and growth in Cote d'Ivoire. Second, we describe the critical economic and fiscal sequence of events in the country from 1970 to 1989. This lets us build up a comprehensive model that allows a discussion of the...

Until the early 1980s, foreign exchange rate controls were the dominant policy in Ghana, Nigeria and Uganda. However, because of the huge fiscal deficits and expansionary monetary policies, coupled with chronic terms of trade shocks and policy error/inadequacies, the foreign exchange rates is...

The study found evidence of worsening inequality and poverty in spite of economic growth. It was found also that male-headed households seem to have fared worse, and that poverty is more pronounced in rural areas and in the northen regions (zones). The poor policy stance during the period is...

This paper analyses Uganda's external debt problem. Like many other countries in the sub-Saharan Africa, Uganda is a severely indebted low-income country. Uganda's total debt stock at the end June 1993 was estimated at US$2.64 billion, with a debt service ratio of nearly 80%. A look at Uganda's...

This study examines the impact of foreign aid inflows to Tanzania on macroeconomic variables such as the real exchange rate, export performance, government expenditure, investment and growth.

This econometric study takes a simulation approach to investigate the impact of external debt on economic growth in sub-Saharan African countries using a small macroeconomic model estimated for 1970-1994. An important finding was the significance of debt overhang variables in the investment...

This study analyses fiscal federalism in Nigeria. Specifically, the report presents an historical account of fiscal federalism in the economy, highlighting significant episodes as well as drawing out implications for overall fiscal performance. Furthermore, it attemps to highlight some issues of...