IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-03832365.html
   My bibliography  Save this paper

Régimes de change et soutenabilité des finances publiques dans les pays en développement

Author

Listed:
  • Blaise Gnimassoun

    (BETA - Bureau d'Économie Théorique et Appliquée - AgroParisTech - UNISTRA - Université de Strasbourg - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

  • Isabelle Lokonon Do Santos

    (BETA - Bureau d'Économie Théorique et Appliquée - AgroParisTech - UNISTRA - Université de Strasbourg - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, UAC - Université d’Abomey-Calavi = University of Abomey Calavi)

Abstract

This paper studies the sustainability of public finances in developing countries and examines whether this depends on the choice of their exchange rate policy. To this end, we use an econometric approach based on panel cointegration and a sample of 110 countries over the period 1998-2017. Our results show that the public finances of these countries are sustainable. However, the level of sustainability is low in the absence of the automatic stabilizer. The choice of the exchange rate regime does not influence the level of sustainability of public finances. This result is partly explained by the asymmetric effect of the exchange rate regime on fiscal performance. While fixed exchange rate regimes are associated with better overall fiscal performance, flexible exchange rate regimes are more effective in reducing fiscal deficits.

Suggested Citation

  • Blaise Gnimassoun & Isabelle Lokonon Do Santos, 2022. "Régimes de change et soutenabilité des finances publiques dans les pays en développement," Post-Print hal-03832365, HAL.
    • Handle: RePEc:hal:journl:hal-03832365
    DOI: 10.3917/reco.733.0389
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-03832365. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.