This paper investigates the relationship between fiscal performance in 28 sub-Saharan African countries over the 1980-91 period with movements in the exchange rates, the terms of trade, and other macroeconomic aggregates. It finds that the tax base in most of these countries is heavily dependent...

This paper investigates the relationship between fiscal performance and movements in the exchange rates, the terms of trade, and other macro-economic aggregates in 28 countries over the 1980-91 period. It finds that the tax base in most cases is heavily dependent on imports and import...