04110nam 2200661 450 991046360030332120190521024346.01-4623-8000-X1-4527-9145-71-4518-7075-297866128416821-282-84168-8(CKB)3170000000055107(EBL)1608016(SSID)ssj0000943028(PQKBManifestationID)11505582(PQKBTitleCode)TC0000943028(PQKBWorkID)10975143(PQKB)11509448(OCoLC)762040026(MiAaPQ)EBC1608016(EXLCZ)99317000000005510720140225h20082008 uy 0engtxtccrPublic financial management and fiscal outcomes in Sub-Saharan African heavily-indebted poor countries /Tej Prakash and Ezequiel Cabezon[Washington, District of Columbia] :International Monetary Fund,2008.©20081 online resource (48 p.)IMF Working PapersIMF working paper ;WP/08/217Description based upon print version of record.1-4519-1528-4 Includes bibliographical references.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 20046. 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 Correction12. 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; ReferencesThis 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, afterIMF Working PapersFiscal policyAfrica, Sub-SaharanEconometric modelsFinance, PublicAfrica, Sub-SaharanEconometric modelsDebts, PublicAfrica, Sub-SaharanEconometric modelsElectronic books.Fiscal policyEconometric models.Finance, PublicEconometric models.Debts, PublicEconometric models.339.520967Prakash Tej876492Cabezon Ezequiel876493MiAaPQMiAaPQMiAaPQBOOK9910463600303321Public financial management and fiscal outcomes in Sub-Saharan African heavily-indebted poor countries1957205UNINA