1.

Record Nr.

UNINA9910965543303321

Autore

Cabezon Ezequiel

Titolo

Public Financial Management and Fiscal Outcomes in Sub-Saharan African Heavily-Indebted Poor Countries / / Ezequiel Cabezon, Tej Prakash

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2008

ISBN

9786612841682

9781462380008

146238000X

9781452791456

1452791457

9781451870756

1451870752

9781282841680

1282841688

Edizione

[1st ed.]

Descrizione fisica

1 online resource (48 p.)

Collana

IMF Working Papers

IMF working paper ; ; WP/08/217

Altri autori (Persone)

PrakashTej

Disciplina

339.520967

Soggetti

Fiscal policy - Africa, Sub-Saharan - Econometric models

Finance, Public - Africa, Sub-Saharan - Econometric models

Debts, Public - Africa, Sub-Saharan - Econometric models

Budget execution and treasury management

Budget planning and preparation

Budget Systems

Budget

Budgeting & financial management

Budgeting

Expenditure

Expenditures, Public

Finance, Public

Fiscal Policy

Fiscal policy

Fiscal stance

Macroeconomics

National Budget

National Budget, Deficit, and Debt: General

National Government Expenditures and Related Policies: General

Public finance & taxation



Public Finance

Public financial management (PFM)

São Tomé and Príncipe, Democratic Republic of

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; I. Introduction; II. What is PFM; III. A Brief Review of the Literature; A. Growth, Institutions, and PFM in SSA; B. General Literature Review on PFM and Fiscal Outcomes; C. Fiscal Targets in SSA Countries; Tables; 1. Numerical Targets in SSA HIPC Countries (2000-06 ); IV. PFM and Fiscal Outcomes; A. Measurement of PFM Quality; 2. HIPC PFM Assessment; Boxes; 1. Changes in HIPC Indicators Met from the 2001 to 2004 Assessment; 3. Macro and Fiscal Policy and PFM; B. Data; 4. Spearman Correlation Coefficients; C. Econometric Analysis; 5. HIPC SSA 2001 and 2004

6. HIPC SSA Correlations Between Fiscal Outcomes and PFM Variables 7. HIPC SSA Correlations Between Fiscal Outcome and PFM Overall Score; Figures; 1. Plots of the Fiscal Variables and the PFM Overall Score; 8. HIPC SSA Correlations Between Fiscal Outcomes and PFM Indicators of Formulation and Execution; 9. HIPC SSA Correlations Between; 10. Fiscal Outcomes as Dependent Variable; V. Concluding Remarks; Annexes; I. Country Groups; II. HIPC Assessment Indicators; III. Variables in the Data Set; 11. Marginal Effects; IV. Results with Endogeneity Correction

12. Overall Balance as Dependent Variable 13. External Debt as Dependent Variable; 14. Fiscal Outcome as Dependent Variable; 15. Overall Balance as Dependent Variable; 16. External Debt as Dependent Variable; References

Sommario/riassunto

This paper examines, in a formal econometric framework, the linkages between public financial management and fiscal outcomes in sub-Saharan African countries. Similar analyses have been done for Latin America, Europe, and the United States, but none in the context of low-income countries. Using public financial management indicators, as measured in two recent assessments related to the Heavily-Indebted Poor Countries Initiative, this study shows that improving public financial management leads to better fiscal outcomes, as measured by the overall fiscal balance and external debt levels, after controlling for other characteristics that might alter fiscal outcomes.