The Impact of Fiscal Consolidations on Growth in Sub-Saharan Africa /

This paper examines the output effects of changes in public expenditure and revenue in sub-Saharan African countries during 1990-2016. Fiscal multipliers in sub-Saharan Africa are somewhat smaller than those in advanced and emerging economies. The effect of changes in fiscal policy on output depends...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Arizala, Francisco
Awduron Eraill: Gonzalez-Garcia, Jesus, Tsangarides, Charalambos, Yenice, Mustafa
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2017.
Cyfres:IMF Working Papers; Working Paper ; No. 2017/281
Mynediad Ar-lein:Full text available on IMF
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100 1 |a Arizala, Francisco. 
245 1 4 |a The Impact of Fiscal Consolidations on Growth in Sub-Saharan Africa /  |c Francisco Arizala, Jesus Gonzalez-Garcia, Charalambos Tsangarides, Mustafa Yenice. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2017. 
300 |a 1 online resource (32 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper examines the output effects of changes in public expenditure and revenue in sub-Saharan African countries during 1990-2016. Fiscal multipliers in sub-Saharan Africa are somewhat smaller than those in advanced and emerging economies. The effect of changes in fiscal policy on output depends on the composition: cutting public investment has a larger effect on output than cutting public consumption or raising revenue. Episodes of fiscal consolidation have short- and medium-term output effects, but here, too, composition matters: fiscal consolidations based on reducing public investment have the largest effect on output, while fiscal consolidations based on revenue mobilization are less harmful than those based on public investment cuts. These findings suggest that the negative impact on growth can be mitigated through the design of fiscal adjustment and the accompanying policy environment. 
538 |a Mode of access: Internet 
700 1 |a Gonzalez-Garcia, Jesus. 
700 1 |a Tsangarides, Charalambos. 
700 1 |a Yenice, Mustafa. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2017/281 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2017/281/001.2017.issue-281-en.xml  |z IMF e-Library