2017
DOI: 10.1108/ajems-03-2017-0060
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A review of Zimbabwe’s macro-fiscal forecasts

Abstract: Purpose The purpose of this paper is to evaluate accuracy of macro fiscal forecasts done by Government of Zimbabwe and the spillover effects of forecasting errors over the period 2010-2015. Design/methodology/approach In line with the study objectives, the study employed the root mean square error methodology to measure the accuracy of macro fiscal forecasts, borrowing from the work of Calitz et al. (2013). The spillover effects were assessed through running simple regression in Eviews programme. The data us… Show more

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“…Although few studies have explicitly focused on the term "budget credibility," this concept is very much related to the literature on accuracy of fiscal forecasting, and hence the latter can be straightforwardly adapted to study budget credibility and its determinants. The literature on fiscal forecasting is relatively more extensive, and it includes many recent studies on budgetary forecasts in developed countries (e.g., Afonso & Silva, 2015; Beetsma et al, 2009; Pina & Venes, 2011), in addition to the far fewer studies on fiscal forecasting in developing ones (e.g., Calitz et al, 2016; Mudhunguyo, 2017).…”
Section: Budget Credibility and Fiscal Transparency: A Review Of The ...mentioning
confidence: 99%
“…Although few studies have explicitly focused on the term "budget credibility," this concept is very much related to the literature on accuracy of fiscal forecasting, and hence the latter can be straightforwardly adapted to study budget credibility and its determinants. The literature on fiscal forecasting is relatively more extensive, and it includes many recent studies on budgetary forecasts in developed countries (e.g., Afonso & Silva, 2015; Beetsma et al, 2009; Pina & Venes, 2011), in addition to the far fewer studies on fiscal forecasting in developing ones (e.g., Calitz et al, 2016; Mudhunguyo, 2017).…”
Section: Budget Credibility and Fiscal Transparency: A Review Of The ...mentioning
confidence: 99%