Sub‐Saharan Africa's debt‐financed growth: How sustainable and inclusive?

OO Olaoye - African Development Review, 2022 - Wiley Online Library
Abstract Sub‐Saharan African (SSA) countries recorded impressive economic growth in the
last two decades. The question however is, how inclusive and sustainable is this growth …

Empirical analysis of asymmetry phenomenon in the public debt structure of Sub-Saharan Africa's five biggest economies: A Markov-Switching model

OO Olaoye, PA Olomola - The Journal of Economic Asymmetries, 2022 - Elsevier
This study examined the sustainability of the future path of public debts in sub-Saharan
Africa's five biggest economies. In light of the COVID 19 outbreak, the study adopts the …

Borrow with sorrow? The changing risk profile of sub-Saharan Africa's debt

C Calderón, A Zeufack - The Changing Risk Profile of Sub …, 2020 - papers.ssrn.com
In the post-global financial crisis period, the financing of countercyclical policies led not only
to a reduction in the fiscal surpluses across Sub-Saharan African countries, but also an …

The determinants and cyclicality of fiscal policy: Empirical evidence from East Africa

J Mawejje, NM Odhiambo - International Economics, 2022 - Elsevier
As part of the regional integration process, East African Community (EAC) member countries
agreed upon macroeconomic convergence criteria that include, among others, harmonizing …

[HTML][HTML] The effect of economic downturns on voter turnout in Africa

H Lynge, FM i Coma - Electoral Studies, 2022 - Elsevier
The academic literature provides two competing hypotheses about the effect of economic
downturns on voter turnout: the 'mobilisation'hypothesis, according to which people go to the …

Cyclicality of public debt in developing countries: Does dependence on natural resources matter?

IF Okombi, VB Mampieme - Resources Policy, 2024 - Elsevier
We revisit the resource curse theory, producing empirical evidence of the importance of
natural resources on the cyclical orientation of public debt. Using the Driscoll-Kraay fixed …

Sub‐Saharan Africa's rising public debt stock: Is there a cause for concern?

OO Olaoye, PA Olomola - South African Journal of Economics, 2023 - Wiley Online Library
The study investigated public debt sustainability in sub‐Saharan Africa (SSA) by testing the
reaction of the primary balance to positive and negative shocks in public debts in a panel of …

Uganda's fiscal policy reforms: What have we learned?

J Mawejje, NM Odhiambo - Public Budgeting & Finance, 2021 - Wiley Online Library
This article attempts to provide an exploratory review of policy reforms, trends, and
determinants of fiscal deficits in Uganda, a low‐income country that has undertaken many …

Synchronization and cyclicality of social spending in economic crises

L Ayala-Cañón, MJ Delgado-Rodríguez… - Empirica, 2022 - Springer
This paper expands the analysis of the cyclical characteristics of social spending by
providing information on its joint behaviour across OECD countries. With this aim we …

Poverty Volatility and Tax Revenue Instability in Developing Countries

SK Gnangnon - Fudan Journal of the Humanities and Social Sciences, 2024 - Springer
This paper complements the relatively few existing studies on the macroeconomic effects of
poverty in developing countries, by investigating the effect of poverty volatility on tax revenue …