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Structural Transformation and Fiscal Policy in Botswana

Author

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  • Kelesego Mmolainyane

    (Botswana Institute for Development Policy Analysis)

Abstract

This paper analyses impacts of fiscal policy on structural transformation in Botswana using structural vector autoregression (SVAR) model over the period of 1990 to 2015. The study uses an inclusive sustainable transformation (IST) index and government expenditure as proxies for structural transformation and fiscal policy respectively. Results show that prudent fiscal policy can be used as a major strategic tool for structural transformation in Botswana. Most evidently, IST index responds positively to government expenditure shocks over time. In addition, fiscal policy innovations dominantly account for movements in structural transformation in Botswana. Notwithstanding, Botswana has a lot of potential and opportunity to use its fiscal policy more effectively and efficiently, to promote an inclusive structural transformation that leads to sustainable economic growth.

Suggested Citation

  • Kelesego Mmolainyane, 2019. "Structural Transformation and Fiscal Policy in Botswana," Working Papers 63, Botswana Institute for Development Policy Analysis.
    • Handle: RePEc:bid:wpaper:63
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    File URL: http://knowledge.bidpa.bw:8080/xmlui/handle/123456789/135
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    Cited by:

    1. Tshepiso Gaetsewe, 2020. "Characteristics of Firms in Botswana's Informal Economy," Working Papers 74, Botswana Institute for Development Policy Analysis.
    2. Tebogo B. Seleka, 2020. "Targetting Effectiveness of Social Transfer Programs in Botswana:Means-tested versus Categorical and Self-selected instruments," Working Papers 72, Botswana Institute for Development Policy Analysis.

    More about this item

    Keywords

    Structural transformation; Fiscal policy shocks; SVAR; Botswana;
    All these keywords.

    JEL classification:

    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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