The Fiscal Response to External Finance in Africa : and Alternative Approach
AbstractIn the macroeconomics of developing countries, the government's fiscal response to external finance is exclusively studied using an optimization framework. This approach not only is inherently inconsistent by diverges from the reality in developing countires in general and African economies in particular. This paper proposes an alternative decision making framework which is based on stylized facts in Africa.
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Bibliographic InfoPaper provided by Institute of Social Studies in its series Working Papers - Money, Finance & Development with number 61.
Length: 23 pages
Date of creation: 1996
Date of revision:
AFRICA; GOVERNMENT PURCHASING; TAXATION;
Find related papers by JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
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