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

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.

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Year of publication:	1996
Authors:	Geda, A
Institutions:	Institute of Social Studies (ISS)
Subject:	AFRICA \| GOVERNMENT PURCHASING \| TAXATION

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Series:	Working Papers - Money, Finance & Development.
Type of publication:	Book / Working Paper
Notes:	23 pages
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; O11 - Macroeconomic Analyses of Economic Development
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005232880