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Fiscal Policy Implementation in Sub-Saharan Africa

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  • Lledó, Victor
  • Poplawski-Ribeiro, Marcos

Abstract

This paper investigates economic and institutional constraints to fiscal policy implementation in sub-Saharan Africa. We find that planned fiscal adjustments or expansions are less likely to be implemented the larger they are, the more fragile the rule of law in the country, and the weaker the institutions framing the implementation of the annual fiscal budget. The findings support ongoing efforts in the region to enhance forecasting capacity; adopt realistic fiscal plans; and strengthen governance and public financial management procedures, with a focus on accounting, reporting, and external controls of government’s fiscal accounts.

Suggested Citation

  • Lledó, Victor & Poplawski-Ribeiro, Marcos, 2013. "Fiscal Policy Implementation in Sub-Saharan Africa," World Development, Elsevier, vol. 46(C), pages 79-91.
  • Handle: RePEc:eee:wdevel:v:46:y:2013:i:c:p:79-91
    DOI: 10.1016/j.worlddev.2013.01.030
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    Cited by:

    1. Jacopo Cimadomo, 2016. "Real-Time Data And Fiscal Policy Analysis: A Survey Of The Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 30(2), pages 302-326, April.
    2. Ernesto Crivelli & Sanjeev Gupta, 2016. "Does conditionality in IMF-supported programs promote revenue reform?," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 23(3), pages 550-579, June.
    3. repec:eee:ecosys:v:41:y:2017:i:3:p:408-419 is not listed on IDEAS
    4. Ley, Eduardo & Misch, Florian, 2013. "Real-time macro monitoring and fiscal policy," Policy Research Working Paper Series 6303, The World Bank.
    5. Fadia Al Hajj & Gilles Dufr??not, & Kimiko Sugimoto & Romain Wolf, 2013. "Reactions to Shocks and Monetary Policy Regimes: Inflation Targeting Versus Flexible Currency Board in Ghana, South Africa and the WAEMU," William Davidson Institute Working Papers Series wp1062, William Davidson Institute at the University of Michigan.
    6. Araujo, Juliana D. & Li, Bin Grace & Poplawski-Ribeiro, Marcos & Zanna, Luis-Felipe, 2016. "Current account norms in natural resource rich and capital scarce economies," Journal of Development Economics, Elsevier, vol. 120(C), pages 144-156.
    7. Agenor, P.-R., 1997. "Capital-Market Imperfections and the Macroeconomic Dynamics of Small Indebted Economies," Princeton Studies in International Economics 82, International Economics Section, Departement of Economics Princeton University,.
    8. Sampawende J Tapsoba & Robert C York & Neree C.G.M. Noumon, 2016. "Can Statistical Capacity Building Help Reduce Procyclical Fiscal Policy in Developing Countries?," IMF Working Papers 16/209, International Monetary Fund.
    9. Joseph David Barroso Vasconcelos de Deus & Helder Ferreira de Mendonça, 2015. "Empirical evidence on fiscal forecasting in Eurozone countries," Journal of Economic Studies, Emerald Group Publishing, vol. 42(5), pages 838-860, October.
    10. repec:ebl:ecbull:eb-17-00229 is not listed on IDEAS

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