What Are the Drivers of Fiscal Performance Gaps between <scp>A</scp>nglophone and <scp>F</scp>rancophone <scp>A</scp>frica? A <scp>B</scp>linder–<scp>O</scp>axaca Decomposition

Sarr, Babacar

doi:10.1111/saje.12084

Cited by 6 publications

(8 citation statements)

References 28 publications

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“…This result is in line with literature as trade openness is expected to generate more revenue through expanded export activities and subsequently improve FP. Also, this result is consistent with the works of Alesina, Hausmann, Hommes, and Stein (1999) and Sarr (2016). Inflation and external debt are found to have a negative statistically significant effect on FP.…”

Section: Regression Results and Findingssupporting

confidence: 91%

“…The results from models (1), ( 2), ( 3) and ( 4) show that the implementation of fiscal rules have been very beneficial as FP in countries that implemented the rules is higher than those which did not. This result of this study is consisted with economic theory and also the works of Debrun et al (2008), (Sarr, 2016), and Badinger and Reuter ( 2017) whose findings show fiscal rules positively influence FP. Additionally, the coefficient of the expenditure rule is higher than all the other three fiscal rules indicating that the adoption of the expenditure rule is most suitable within the Sub Saharan African context.…”

Section: Regression Results and Findingssupporting

confidence: 74%

“…Theoretically, fiscal rules are expected to affect FP positively. In line with the findings of Debrun et al (2008) and Sarr (2016) the coefficient of each fiscal rule is expected to be positive.…”

Section: Empirical Model Specificationsupporting

confidence: 75%

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The effects of fiscal governance on fiscal performance in Sub‐Saharan Africa

et al. 2020

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Fiscal governance implemented around the globe offer useful information on the potential viable reasons for its increasing dependence and their implication for fiscal performance. This paper investigates the effects of fiscal governance in explaining the fiscal performance of countries in Africa. The paper uses a panel data of 43 countries from worldwide databases spanning from 1985 to 2011. The random effects model approach is used to analyse the data based on the diagnostic tests. Additionally, the panel corrected standard errors and Hausmann and Taylor estimation models are used to test the robustness of our results to further correct for possible errors and endogeneity in the regressors.The empirical analysis shows that fiscal policy rules and institutions have statistically significant effect on fiscal performance. The results from all the methods indicate higher coefficients of the expenditure rule relative to the other rules. This trend suggests the suitability of the adoption of the expenditure rule within the Sub-Saharan African environment. This could be partly explained by the fact that, the restrictions placed on expenditures with the aim of controlling excessive spending behaviours of fiscal authorities have been very successful in influencing fiscal deficits in Sub-Saharan Africa. This study contributes to the literature on the implication of the adoption of fiscal governance in African countries. The policy message to stakeholders is that, fiscal governance should be further strengthened to improve fiscal performance.

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Section: Regression Results and Findingssupporting

confidence: 91%

Section: Regression Results and Findingssupporting

confidence: 74%

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The effects of fiscal governance on fiscal performance in Sub‐Saharan Africa

et al. 2020

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“…The study follows Afonso and Jalles (2013), Hallerberg et al (2007) and Sarr (2016) to determine the set of control variables in the models. For Equations ( 1) and (3), the vector of control variables X B ′ consists of Trade Openness Trade openness signifies a proxy for the extent to which globalization is measured as a sum of exports and imports as a percentage of GDP, and it is expected to improve performance.…”

Section: Methodsmentioning

confidence: 99%

Fiscal rules, fiscal performance and economic growth in Sub‐Saharan Africa

Nabieu

Bokpin

Osei

et al. 2021

African Development Review

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Over the past four decades, many economies have striven to find permanent solutions to persistent increases in public deficits and deterioration of growth. For most economies, the solution to this problem was the adoption of fiscal rules. This paper presents empirical evidence on the effects of fiscal rules on fiscal performance and economic growth using a dataset of 43 countries in Sub-Saharan Africa over 27 years. The study applies simultaneous equation models to determine the relationship between performance and growth in the public sector and also to avoid structural equation and endogeneity biases. The results show that fiscal rules significantly foster fiscal performance and decelerate growth. The study further finds the expenditure rules to be most effective in influencing fiscal balance and economic growth. The robust estimates further confirm that expenditure rules and government spending efficiency are necessary for promoting fiscal outcomes and economic growth.The study recommends the implementation of more revenue rules, debt rules and balance budget rules to ameliorate the negative effects of government spending on economic growth. In addition, Sub-Saharan African economies should carefully consider the rules applied to government spending since fiscal rules on productive spending will impede economic growth.

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“…Devido a sua importância, diversas pesquisas se propuseram a estudar a gestão fiscal no âmbito público como as de Kennedy e Robbins (2001) que buscaram investigar a determinação de regras fiscais na performance fiscal de países industrializados e as de Sarr (2015) que pesquisou sobre a relevância da determinação das regras e princípios que norteiam o processo orçamentário na execução fiscal em países africanos.…”

Section: Gestão Fiscal E Hipóteses De Pesquisaunclassified

Gestão Fiscal como Determinante da Transparência Fiscal Ativa: Um Estudo nos Municípios Paraibanos

Santos

Machado

2021

Rev. Evid. Cont. & Fin.

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Objetivo: Analisar de que maneira a Gestão Fiscal influencia a Transparência Fiscal Ativa nos municípios paraibanos. Fundamento: Mesmo existindo diversas leis direcionadas para a promoção de uma melhor transparência das informações governamentais, estabelecendo prazos e níveis mínimos de informações a serem disponibilizadas, assim como penalidades, ainda se observa um baixo nível de transparência, conforme evidenciam os relatos empíricos. Dessa maneira, a presente pesquisa alicerçou-se nas teorias da Agência, Escolha Pública e do Gerenciamento de Impressão para atingir seu objetivo, uma vez que em sinergia, estas teorias explicam que na busca por seus interesses pessoais, o gestor público tende a escolher ações que maximizem a sua reeleição ou que mantenham o seu partido político no poder, direcionando esforços para o gerenciamento das informações que serão disponibilizadas ao cidadão, buscando transparecer informações positivas e que causem uma boa impressão e ocultando informações negativas que causem má impressão. Método: Para estimar a relação entre as variáveis utilizou-se a regressão pooled OLS com dados em painel, utilizando modelos com e sem defasagem para as variáveis independentes. O recorte temporal foi de 2013 a 2016, devido a disponibilidade de dados. A amostra compreendeu 157 municípios paraibanos, o que representa cerca de 70% do total de municípios. Resultados: Os resultados evidenciam relação positiva entre a Gestão Fiscal do Gasto com Pessoal e Liquidez e o Índice de Transparência Fiscal Ativa, corroborando com o que discorrem as teorias da Agência, Escolha Pública e Gerenciamento de Impressão. Assim, quanto melhor a Gestão Fiscal nestas dimensões, melhor é a transparência dada as informações, uma vez que a divulgação de resultados positivos gera uma imagem melhor do gestor público (agente) perante o cidadão/eleitor (principal), melhorando a sua chance de reeleição ou o mantimento de seu partido político no poder. De maneira geral a pesquisa conclui que a Gestão Fiscal dos Municípios paraibanos influi na sua Transparência Fiscal Ativa e que as leis e normas não garantem, sozinhas, o nível adequado de transparência. Contribuições: Analisar pela ótica das teorias da Agência, Escolha Pública e Gerenciamento de Impressão a Transparência Fiscal dos municípios paraibanos, proporcionando assim um panorama maior na análise deste assunto, o qual detém ramificações políticas, econômicas e sociais que afetam a vida de milhões de indivíduos.

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What Are the Drivers of Fiscal Performance Gaps between Anglophone and Francophone Africa? A Blinder–Oaxaca Decomposition

Cited by 6 publications

References 28 publications

The effects of fiscal governance on fiscal performance in Sub‐Saharan Africa

The effects of fiscal governance on fiscal performance in Sub‐Saharan Africa

Fiscal rules, fiscal performance and economic growth in Sub‐Saharan Africa

Gestão Fiscal como Determinante da Transparência Fiscal Ativa: Um Estudo nos Municípios Paraibanos

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