Simple time series regressions for 37 low-income African countries during 1960-2004 suggest that government consumption is highly procyclical, with consumption responding more than proportionately to fluctuations in output in many cases. The results from a cross-country specification suggest...

Intro -- PEACE AFTER CIVIL WARTHE ROLE OF FISCAL POLICY IN POST-CONFLICT AFRICAN ECONOMIES -- PEACE AFTER CIVIL WAR THE ROLE OF FISCAL POLICY IN POST-CONFLICT AFRICAN ECONOMIES -- LIBRARY OF CONGRESS CATALOGING-IN-PUBLICATION DATA -- CONTENTS -- PREFACE -- ACKNOWLEDGMENTS -- LIST OF TABLES AND...

Although the effect of fiscal drag is well studied in the industrialized world, empirical evidence from developing economies remains limited. Against this backdrop, this study aims to explore the effect of fiscal drag on income distribution and work incentives. To this end, the study employs...

The benefit of growth experienced since 2000 in Africa has not been broadly shared. Poverty fell by only 8.0 percentage points between 1990 and 2010 compared to the targeted 28.3 percentage points by 2015. Although income inequality fell by 4.3 percent between 1990 and 2009, Africa remains the...

Over the past five decades, substantial attention has been placed on the role of economic growth in reducing poverty. This is premised on the trickle-down effect of long-term economic growth on poverty and inequality, based on Simon Kuznets' theory. However, evidence across the world has shown...

A critical task is to construct a development state - a set of democratically - accountable institutions capable of effective policy design and implementation. The new state agenda is ambitions and resource intensive. It cannot therefore be achieved unless the fiscal crisis of African state is...

This study examines the state of transition to green economies in Africa. It dissects policy dilemma surrounding fiscal reforms towards green economy. Through empirical and theoretical framework, the study clarifies the ambiguity surrounding the concepts of ‘green growth' and ‘green...

A deep rift separates Africa and Latin America (and to lesser extent Asia) from OECD countries with regard to fiscal adjustment, macroeconomic performance, and long-term growth. Case-study and cross-country econometric evidence drawn from a large world sample is provided to explain at least part...

This book identifies the key sources of growth that have played a significant role in Africa's recent robust growth as well as its efforts towards economic transformation. The chapters assess to what extent the existing macroeconomic frameworks among African countries have been streamlined to...