00825cam0 22002411 450 SOBE0002682020150423095759.020120713d1970 |||||ita|0103 baengGBWordsworth and the Great Systema Study of Wordsworthʼs Poetic UniverseGeoffrey DurrantCambridgeCambridge at the University press1970VIII, 179 p.22 cmDurrant, GeoffreySOBA00004423070197809ITUNISOB20150423RICAUNISOBUNISOB82033444SOBE00026820M 102 Monografia moderna SBNM820000497SI33444rovitoUNISOBUNISOB20120713125555.020120713125650.0rovitoWordsworth and the Great System529739UNISOB03568nam 2200625Ia 450 991046367580332120201015235227.01-4623-3658-21-282-84461-X1-4518-7419-71-4527-6922-29786612844614(CKB)3170000000055399(EBL)1606005(SSID)ssj0000949352(PQKBManifestationID)11596460(PQKBTitleCode)TC0000949352(PQKBWorkID)10996930(PQKB)10505316(OCoLC)666237579(MiAaPQ)EBC1606005(EXLCZ)99317000000005539920100906d2009 uf 0engtxtccrCyclical patterns of government expenditures in Sub-Saharan Africa[electronic resource] facts and factors /Victor Lledó, Irene Yackovlev and Lucie Gadenne[Washington, D.C.] International Monetary Fund, African Departmentc20091 online resource (53 p.)IMF working paper ;WP/09/274"November 2009."1-4519-1835-6 Includes bibliographical references.Cover Page; Title Page; Copyright Page; Contents; I. Introduction; 1. Evolution of the fiscal balance in sub-Saharan Africa, current and past cycles; 1. Number of sub-Saharan African countries satisfying various macroeconomic performance and institutional quality criterial by decade; II. Literature Review; III. Empirical Strategy; A. Empirical Model and Identification; B. Data, Measurement, and Specification; IV. Results; A. Key Facts; 2. Cyclical properties of government spending, 1970-2008; 3. Robustness checks, system-GMM estimates and additional controls4. Cyclical properties of government spending by decade B. Factors; 5. Political factors, impact on procyclicality, 1970-2008; 6. Financing constraints, impact on procyclicality, 1970-2008; 7. Macroeconomic stability and fiscal space, impact on procyclicality, 1970-2008; 8. How can we explain the evolution of procyclicality over time in sub-Saharan Africa?; V. Conclusions and Policy Implications; Appendix; References; FootnotesThis 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 1990's. Greater fiscal space, proxied by lower external debt, and better access to concessional financing, proxied by larger aid flows, seem to be important factorsIMF working paper ;WP/09/274.Fiscal policyAfrica, Sub-SaharanFinance, PublicAfrica, Sub-SaharanAfrica, Sub-SaharanEconomic policyElectronic books.Fiscal policyFinance, PublicLledo Victor495905Yackovlev Irene879494Gadenne Lucie940532International Monetary Fund.African Dept.MiAaPQMiAaPQMiAaPQBOOK9910463675803321Cyclical patterns of government expenditures in Sub-Saharan Africa2120977UNINA