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Olaoye, Olumide, Ishola, James, Omokanmi, Omotunde, Ogunjumo, Rotimi, Olofinlade, Samuel, Ojelade, Mathew, Ibitowa, Stephen. (1401). Empirical Analysis of Fiscal Policy in sub-Saharan Africa: Is There A Pro-Poor Effect?. , (), -. doi: 10.22059/ier.2023.90676
Olumide Olusegun Olaoye; James Aransiola Ishola; Omotunde Julius Omokanmi; Rotimi Ayoade Ogunjumo; Samuel Oluwapelumi Olofinlade; Mathew Ojeleke Ojelade; Stephen Ibitowa. "Empirical Analysis of Fiscal Policy in sub-Saharan Africa: Is There A Pro-Poor Effect?". , , , 1401, -. doi: 10.22059/ier.2023.90676
Olaoye, Olumide, Ishola, James, Omokanmi, Omotunde, Ogunjumo, Rotimi, Olofinlade, Samuel, Ojelade, Mathew, Ibitowa, Stephen. (1401). 'Empirical Analysis of Fiscal Policy in sub-Saharan Africa: Is There A Pro-Poor Effect?', , (), pp. -. doi: 10.22059/ier.2023.90676
Olaoye, Olumide, Ishola, James, Omokanmi, Omotunde, Ogunjumo, Rotimi, Olofinlade, Samuel, Ojelade, Mathew, Ibitowa, Stephen. Empirical Analysis of Fiscal Policy in sub-Saharan Africa: Is There A Pro-Poor Effect?. , 1401; (): -. doi: 10.22059/ier.2023.90676

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

Iranian Economic Review
مقالات آماده انتشار، پذیرفته شده، انتشار آنلاین از تاریخ 27 دی 1401
شناسه دیجیتال (DOI): 10.22059/ier.2023.90676
نویسندگان
Olumide Olusegun Olaoye* 1؛ James Aransiola Ishola2؛ Omotunde Julius Omokanmi1؛ Rotimi Ayoade Ogunjumo3؛ Samuel Oluwapelumi Olofinlade4؛ Mathew Ojeleke Ojelade5؛ Stephen Ibitowa6
1Department of Economics, Management and Social Sciences, Thomas Adewunmi University, Oko, Nigeria.
2Business Administration, Management and Social sciences, Thomas Adewunmi University, Oko, Nigeria.
3Department of Economics, Landmark University, Nigeria
4Department of Accounting and Finance, Management and Social Sciences, Thomas Adewunmi University, Oko, Nigeria.
5Business Administration, Management and Social Science, Thomas Adewunmi University, Oko, Nigeria.
6Department of Economics, Faculty of Social Sciences, Landmark University, Omu-Aran, 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
Keywords: Fiscal Policy؛ Poverty؛ Pro-Poor Economic Growth؛ Corruption؛ Cross-Sectional and Spatial Dependence.  JEL Classification: H2, H5, H6
آمار
تعداد مشاهده مقاله: 261


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