TY - BOOK ID - 11265416 TI - Cyclical Patterns of Government Expenditures in Sub-Saharan Africa : Facts and Factors AU - Yackovlev, Irene. AU - Gadenne, Lucie. AU - Lledo, Victor. AU - International Monetary Fund. PY - 2009 SN - 1451918356 1462336582 9786612844614 1452769222 1451874197 128284461X PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Political Science KW - Law, Politics & Government KW - Public Finance KW - Fiscal policy KW - Finance, Public KW - Africa, Sub-Saharan KW - Economic policy. KW - Cameralistics KW - Public finance KW - Tax policy KW - Taxation KW - Government policy KW - Currency question KW - Economic policy KW - Public finances KW - Finance: General KW - Macroeconomics KW - Fiscal Policy KW - General Financial Markets: Government Policy and Regulation KW - National Government Expenditures and Related Policies: General KW - Debt KW - Debt Management KW - Sovereign Debt KW - Public finance & taxation KW - Finance KW - Procyclicality KW - Expenditure KW - Fiscal space KW - Public debt KW - Financial risk management KW - Expenditures, Public KW - Debts, Public KW - South Africa UR - https://www.unicat.be/uniCat?func=search&query=sysid:11265416 AB - This paper documents cyclical patterns of government expenditures in sub-Saharan Africa since 1970 and explains variation between countries and over time. Controlling for endogeneity, it finds government expenditures to be slightly more procyclical in sub-Saharan Africa than in other developing countries and some evidence that procyclicality in Africa has declined in recent years after a period of sharp increase through the 1990s. Greater fiscal space, proxied by lower external debt, and better access to concessional financing, proxied by larger aid flows, seem to be important factors in diminishing procyclicality in the region. The role of institutions is less clear cut: changes in political institutions have no impact on procyclicality. ER -