Olaoye, Olumide, Ishola, James, Omokanmi, Olatunde, Ogunjumo, Rotimi, Olofinlade, Samuel, Ojelade, Mathew, Ibitowa, Stephen Adesina. (1403). Empirical Analysis of Fiscal Policy in sub-Saharan Africa: Is There a Pro-Poor Effect. , 28(4), 1117-1146. doi: 10.22059/ier.2024.348318.1007531
Olumide Olusegun Olaoye; James Aransiola Ishola; Olatunde Julius Omokanmi; Rotimi Ogunjumo; Samuel Oluwapelumi Olofinlade; Mathew Ojeleke Ojelade; Stephen Adesina Ibitowa. "Empirical Analysis of Fiscal Policy in sub-Saharan Africa: Is There a Pro-Poor Effect". , 28, 4, 1403, 1117-1146. doi: 10.22059/ier.2024.348318.1007531
Olaoye, Olumide, Ishola, James, Omokanmi, Olatunde, Ogunjumo, Rotimi, Olofinlade, Samuel, Ojelade, Mathew, Ibitowa, Stephen Adesina. (1403). 'Empirical Analysis of Fiscal Policy in sub-Saharan Africa: Is There a Pro-Poor Effect', , 28(4), pp. 1117-1146. doi: 10.22059/ier.2024.348318.1007531
Olaoye, Olumide, Ishola, James, Omokanmi, Olatunde, Ogunjumo, Rotimi, Olofinlade, Samuel, Ojelade, Mathew, Ibitowa, Stephen Adesina. Empirical Analysis of Fiscal Policy in sub-Saharan Africa: Is There a Pro-Poor Effect. , 1403; 28(4): 1117-1146. doi: 10.22059/ier.2024.348318.1007531

Empirical Analysis of Fiscal Policy in sub-Saharan Africa: Is There a Pro-Poor Effect

Iranian Economic Review
مقاله 2، دوره 28، شماره 4، زمستان 2024، صفحه 1117-1146    اصل مقاله (942.19 K)
نوع مقاله: Research Paper
شناسه دیجیتال (DOI): 10.22059/ier.2024.348318.1007531
نویسندگان
Olumide Olusegun Olaoye* 1؛ James Aransiola Ishola2؛ Olatunde Julius Omokanmi1؛ Rotimi Ogunjumo3؛ Samuel Oluwapelumi Olofinlade4؛ Mathew Ojeleke Ojelade2؛ Stephen Adesina Ibitowa3
1Department of Economics, Thomas Adewunmi University, Oko, Nigeria.
2Department of Business Administration, Thomas Adewunmi University, Oko, Nigeria.
3Department of Economics, Landmark University, Omu-Aran, Nigeria.
4Department of Accounting and Finance, Thomas Adewunmi University, Oko, Nigeria.
چکیده
The study examined the effect of fiscal policy on poverty in a panel of 40 sub-Saharan African countries (SSA) using both the fixed effect (within) IV regression model and a spatial-consistent model to control for the potential spillover effect of poverty. The empirical results show that government spending (captured by public debts, government spending on health and education) is not pro-poor, particularly in SSA’s oil-exporting countries. The results may not be unconnected with the high level of corruption in the region. The study also found that government spending (proxied by spending on health and education) does not translate to a reduction in the level of poverty. The results indicate that for sub-Saharan African governments should develop human capital by devoting more economic resources to the health and education sectors to meet the 26% (percentage of total budget) as recommended by UNESCO; and increase the allocation to health sector to 15% (percentage of total budget) as recommended by WHO.
کلیدواژه‌ها
Corruption؛ Cross-Sectional and Spatial Dependence؛ Fiscal Policy؛ Poverty؛ Pro-poor Economic Growth. 
مراجع
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