Macro-Fiscal Management Practices in Eastern and Southern Africa

Battersby, Bryn; Lienert, Ian

doi:10.2139/ssrn.3799622

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“…estimating the parameters of the fiscal reaction function to model the behaviour of fiscal authorities in African countries. Notable works include those of Agoba et al (2019), Burger et al (2012), Paret (2017), Lledó and Poplawski-Ribeiro (2013), Naraidoo and Raputsoane (2015), Calderón and Nguyen (2016), Konuki and Villafuerte (2016), Bouzana et al (2018), Jalles (2017), Ouedraogo and Sourouema (2018) and Battersby and Lienert (2021). However, the main focus of those studies was on the cyclical properties of fiscal policy, such as the phenomenon of procyclicality, rather than assessing fiscal sustainability.…”

Section: Introductionmentioning

confidence: 99%

The sustainability of fiscal policy in southern African countries–a comparative empirical perspective

Mackiewicz

2021

IJOEM

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PurposeThe purpose of the paper is to assess the fiscal sustainability of nine southern African countries that belong to the Southern African Development Community.Design/methodology/approachIn this paper, the author performs a novel time-varying analysis of fiscal sustainability in southern African countries.FindingsThe authors found that in Zimbabwe and Namibia, the formal condition of solvency was not fulfilled, resulting in the explosive growth of debt during the recent slowdown. In contrast, Angola, Botswana and Malawi prove to run sustainable fiscal policies, and they were also fiscally invulnerable to the recent unfavourable economic developments in Africa. For the rest of the countries in the sample (Eswatini, Lesotho, South Africa and Zambia), the results are mixed.Originality/valueIn the existing literature, there is abundance of empirical evidence concerning fiscal sustainability in European and American countries. In contrast, there is strikingly little knowledge concerning this phenomenon in African countries. The authors tried to fill this gap using a novel, time-varying approach.

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Section: Introductionmentioning

confidence: 99%

The sustainability of fiscal policy in southern African countries–a comparative empirical perspective

Mackiewicz

2021

IJOEM

View full text Add to dashboard Cite

show abstract

Macro-Fiscal Management Practices in Eastern and Southern Africa

Cited by 1 publication

References 0 publications

The sustainability of fiscal policy in southern African countries–a comparative empirical perspective

The sustainability of fiscal policy in southern African countries–a comparative empirical perspective

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