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The Fiscal Response to External Finance in Africa : and Alternative Approach

Author

Listed:
  • Geda, A

Abstract

In the macroeconomics of developing countries, the government's fiscal response to external finance is exclusively studied using an optimization framework. This approach not only is inherently inconsistent by diverges from the reality in developing countires in general and African economies in particular. This paper proposes an alternative decision making framework which is based on stylized facts in Africa.

Suggested Citation

  • Geda, A, 1996. "The Fiscal Response to External Finance in Africa : and Alternative Approach," Working Papers - Money, Finance & Development 61, Institute of Social Studies.
    • Handle: RePEc:iss:mfdwpr:61
    as

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    More about this item

    Keywords

    AFRICA; GOVERNMENT PURCHASING; TAXATION;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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