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Fiscal policy in low-income Africa

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Author Info
O'Connell, Steven
Abstract

This paper reviews the literature and country experience on the macroeconomics of fiscal policy in low income Africa. Given the experience of the 70's and 80's, the ultimate focus of the discussion must be the interaction of fiscal policy with the challenges of stabilization and structural adjustment. Two dominant themes emerge for fiscal policy. The first is the importance of overall fiscal restraint as a precondition for success of stabilization and structural adjustment efforts. The second is the importance of improved public sector performance in delivering infrastructural services.

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Paper provided by The World Bank in its series Policy Research Working Paper Series with number 39.

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Date of creation: 31 Jul 1988
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Handle: RePEc:wbk:wbrwps:39

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Related research
Keywords: Economic Stabilization; Environmental Economics&Policies; Economic Theory&Research; Public Sector Economics&Finance; Banks&Banking Reform;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Dornbusch, Rudiger, 1982. "Consumption opportunities and the real value of the external debt," Journal of Development Economics, Elsevier, vol. 10(1), pages 93-101, February. [Downloadable!] (restricted)
  2. Rudiger Dornbusch & Stanley Fischer, 1986. "Stopping Hyperinflations Past and Present," NBER Working Papers 1810, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  3. Devarajan, Shantayanan & de Melo, Jaime, 1987. "Evaluating participation in African monetary unions: A statistical analysis of the CFA Zones," World Development, Elsevier, vol. 15(4), pages 483-496, April. [Downloadable!] (restricted)
  4. Tanzi, Vito, 1982. "Fiscal disequilibrium in developing countries," World Development, Elsevier, vol. 10(12), pages 1069-1082, December. [Downloadable!] (restricted)
  5. Lal, Deepak, 1987. "The Political Economy of Economic Liberalization," World Bank Economic Review, Oxford University Press, vol. 1(2), pages 273-99, January.
  6. Wheeler, David, 1984. "Sources of stagnation in sub-Saharan Africa," World Development, Elsevier, vol. 12(1), pages 1-23, January. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Catsambas, Thanos & Pigato, Miria, 1989. "The consistency of government deficits with macroeconomic adjustment : an application to Kenya and Ghana," Policy Research Working Paper Series 287, The World Bank. [Downloadable!]
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