Budgetary Convergence In The Weamu

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Budgetary Convergence in the WEAMU

Author : Mr.Ousmane Dore
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451853209
Total Pages : 0 pages
Book Rating : 4.8/5 (532 download)

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Book Synopsis Budgetary Convergence in the WEAMU by : Mr.Ousmane Dore

Download or read book Budgetary Convergence in the WEAMU written by Mr.Ousmane Dore and published by INTERNATIONAL MONETARY FUND. This book was released on 2000-06-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A regional convergence pact adopted recently by the Conference of Heads of States of WAEMU provides a framework for fiscal convergence similar to the European Union’s Maastricht Treaty. Using bivariate co-integration and error-correction models, this paper investigates the relationship between revenue and expenditure in seven member countries to determine the feasibility and nature of the policy adjustment required to meet the new convergence criteria. The results indicate that, in the long run, there is causality running from revenue to expenditure in Burkina Faso and Senegal, from expenditure to revenue in Benin and Togo, a bidirectional causality in Côte d’Ivoire and Mali, and no causality in Niger.

Experience with Budgetary Convergence in the WAEMU.

Author : Ousmane Dore
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Experience with Budgetary Convergence in the WAEMU. by : Ousmane Dore

Download or read book Experience with Budgetary Convergence in the WAEMU. written by Ousmane Dore and published by . This book was released on 2006 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the experience of fiscal adjustment undertaken in the West African Economic and Monetary Union (WAEMU) countries since the entry into force of the 1994 treaty establishing the framework for a regional convergence of national fiscal policies. We propose a measure of the structural deficit that corrects for movements of both the business cycle and terms of trade. Though the fiscal deficit worsened in 1998-2001 in some countries because of terms of trade deterioration and unfavorable movements in the business cycle, convergence stalled even when corrected for these factors. Meeting fiscal deficit targets in the future will be facilitated by a favorable external environment but, in any case, will require a higher revenue ratio and downward pressure on government wages as shares of GDP.

Experience with Budgetary Convergence in the WAEMU

Author : Ousmane Doré
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (249 download)

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Book Synopsis Experience with Budgetary Convergence in the WAEMU by : Ousmane Doré

Download or read book Experience with Budgetary Convergence in the WAEMU written by Ousmane Doré and published by International Monetary Fund. This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Budgetary Convergence in the WAEMU

Author : Ousmane Dore
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Budgetary Convergence in the WAEMU by : Ousmane Dore

Download or read book Budgetary Convergence in the WAEMU written by Ousmane Dore and published by . This book was released on 2000 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Experience with Budgetary Convergence in the WAEMU

Author : Ousmane Dore
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Experience with Budgetary Convergence in the WAEMU by : Ousmane Dore

Download or read book Experience with Budgetary Convergence in the WAEMU written by Ousmane Dore and published by International Monetary Fund. This book was released on 2002-06 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the experience of fiscal adjustment undertaken in the West African Economic and Monetary Union (WAEMU) countries since the entry into force of the 1994 treaty establishing the framework for a regional convergence of national fiscal policies. We propose a measure of the structural deficit that corrects for movements of both the business cycle and terms of trade. Though the fiscal deficit worsened in 1998-2001 in some countries because of terms of trade deterioration and unfavorable movements in the business cycle, convergence stalled even when corrected for these factors. Meeting fiscal deficit targets in the future will be facilitated by a favorable external environment but, in any case, will require a higher revenue ratio and downward pressure on government wages as shares of GDP.

Fiscal Policy Coordination in the WAEMU after the Devaluation

Author : Christoph B. Rosenberg
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Fiscal Policy Coordination in the WAEMU after the Devaluation by : Christoph B. Rosenberg

Download or read book Fiscal Policy Coordination in the WAEMU after the Devaluation written by Christoph B. Rosenberg and published by . This book was released on 2006 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the economic implications of fiscal policy coordination in the West African Economic and Monetary Union (WAEMU) in the light of the January 1994 devaluation of the CFA franc. Diverging tax, tariff, and budgetary politics are identified and it is argued that the resulting fiscal externalities have prevented the zone from reaping the full benefits of a monetary union. The paper shows that the devaluation makes it more desirable than ever to have a closer policy coordination to prevent such detrimental fiscal externalities. Recent efforts in this field are reviewed and evaluated. Finally, the paper offers some recommendations with respect to the optimal design of tax and tariff rate structures, and the choice of budgetary convergence criteria.

Budgeting and Budgetary Institutions

Author : Anwar Shah
Publisher : World Bank Publications
ISBN 13 : 0821369407
Total Pages : 588 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Budgeting and Budgetary Institutions by : Anwar Shah

Download or read book Budgeting and Budgetary Institutions written by Anwar Shah and published by World Bank Publications. This book was released on 2007 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt: Budgeting and budgetary institutions play a critical role in resource allocation, government accountability, and improved fiscal and social outcomes. This volume distills lessons from practices in designing better fiscal institutions, citizen friendly budgets, and open and transparent processes of budget preparation and execution. It also highlights newer concepts of performance budgeting, accrual accounting, activity based costing, and the use of information and communication technology in budgeting. These tools of analysis are supplemented by a review of budgeting in post-conflict countries and two country case studies on the reform of budgeting systems.

Fiscal Discipline in WAEMU

Author : Mr.Ermal Hitaj
Publisher : International Monetary Fund
ISBN 13 : 147552448X
Total Pages : 29 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Fiscal Discipline in WAEMU by : Mr.Ermal Hitaj

Download or read book Fiscal Discipline in WAEMU written by Mr.Ermal Hitaj and published by International Monetary Fund. This book was released on 2013-10-23 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper gauges the scope for market discipline and the effectiveness of the regional surveillance framework in the West African Economic and Monetary Union (WAEMU). The paper finds that the responsiveness of sovereign bond rates to governments’ fiscal behavior in the regional financial market remains limited. In addition, the paper examines the effectiveness of fiscal rules and institutions in an environment where financial markets fall short of exerting a significant disciplining effect on governments.

Experience with Budgetary Convergence in the WAEMU

Author : Ousmane Dore
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Experience with Budgetary Convergence in the WAEMU by : Ousmane Dore

Fiscal Challenges

Author : Elizabeth Garrett
Publisher : Cambridge University Press
ISBN 13 : 1139468448
Total Pages : 451 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Fiscal Challenges by : Elizabeth Garrett

Download or read book Fiscal Challenges written by Elizabeth Garrett and published by Cambridge University Press. This book was released on 2008-01-07 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal Challenges: An Interdisciplinary Approach to Budget Policy brings together leading experts from a range of disciplines to explore the problems of budget policy. The authors, including top economists, political scientists, historians, psychologists, and legal scholars, together provide a unique, multidisciplinary introduction to the subject. In addition to in-depth analysis of congressional budget procedures and the economics of federal deficits and debt, Fiscal Challenges explores important recent developments in budget policy at the state level and in the European Union. The goal of the volume is to offer readers wide-ranging perspectives on the many different academic disciplines and perspectives that bear on the evaluation of budgetary procedures and their reform.

Growth and Convergence in WAEMU Countries

Author : Abdoul Aziz Wane
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Growth and Convergence in WAEMU Countries by : Abdoul Aziz Wane

Download or read book Growth and Convergence in WAEMU Countries written by Abdoul Aziz Wane and published by International Monetary Fund. This book was released on 2004-10 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates convergence and dynamic effects of human and physical capital on growth, in WAEMU countries. Using recently developed models for panel data and a growth accounting model, the study finds that growth is largely explained by changes in literacy rates and factor accumulation, but not by growth of total factor productivity (TFP). Nevertheless, the panel estimation identifies aid, government spending, credit to the private sector, and openness as positive determinants of TFP growth, and government deficits as a negative determinant. The study also finds that per capita income in lower-income WAEMU countries converge to per capita income in higher-income ones when economic policies are similar. These results suggest opportunities for policymakers to enhance growth and convergence.

Responding to Shocks and Maintaining Stability in the West African Economic and Monetary Union

Author : Ms.Christina Kolerus
Publisher : International Monetary Fund
ISBN 13 : 148434118X
Total Pages : 42 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Responding to Shocks and Maintaining Stability in the West African Economic and Monetary Union by : Ms.Christina Kolerus

Download or read book Responding to Shocks and Maintaining Stability in the West African Economic and Monetary Union written by Ms.Christina Kolerus and published by International Monetary Fund. This book was released on 2013-10-22 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The West African Economic and Monetary Union (WAEMU), like other monetary unions, faces a number of challenges in dealing with macroeconomic shocks. The region experiences a large number of exogenous shocks: climate-related (e.g., droughts, floods), with a heavy toll on populations and agriculture, but also economic (e.g., terms of trade), with a large impact on key sectors and the cost of living. More generally business cycle synchronization within the WAEMU seems low. Addressing these shocks, while preserving the stability of the union, is therefore a critical issue in the WAEMU.This paper discusses these issues and suggests possible reforms.

Wealth through Integration

Author : Elias T. Ayuk
Publisher : Springer Science & Business Media
ISBN 13 : 1461444152
Total Pages : 314 pages
Book Rating : 4.4/5 (614 download)

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Book Synopsis Wealth through Integration by : Elias T. Ayuk

Download or read book Wealth through Integration written by Elias T. Ayuk and published by Springer Science & Business Media. This book was released on 2012-11-28 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Could regional integration be a first step toward joining the global market? In a context where liberalizing trade has not produced the expected gains in developing countries and growth in global trade has not led to the expected economic growth, an alternative solution has emerged. This new paradigm suggests that trade liberalization should be accompanied by public investment. However, by its very nature, trade liberalization leads to a reduction in revenues from duties and taxes, which means that the available resources for public investments will also be reduced. There are now solid arguments for encouraging the less-developed countries to first emphasize regional integration before trying to access the global market. This book explores the issues linked to regional integration in West Africa and presents empirical data about the experiences in = West African Economic and Monetary Union (WAEMU) countries to converge their economies. It also examines how these efforts, which make a major contribution to regional integration, influence poverty reduction in the economic and monetary community. It will be of interest to researchers working in this area. Elias T. Ayuk is Director of the United Nations University Institute for Natural Resources in Africa in Accra, Ghana, and was formerly a senior program specialist at the International Development Research Centre. Samuel T. Kaboré is a researcher/lecturer at the Faculty of Economics and Management at the University of Ouagadougou II, Burkina Faso. Canada’s International Development Research Centre (IDRC) supports research in developing countries to promote growth and development. IDRC also encourages sharing this knowledge with policymakers, other researchers, and communities around the world. The result is innovative, lasting local solutions that aim to bring choice and change to those who need it most. Elias T. Ayuk is Director of the United Nations University Institute for Natural Resources in Africa in Accra, Ghana, and was formerly a senior program specialist at the International Development Research Centre. Samuel T. Kaboré is a researcher/lecturer at the Faculty of Economics and Management at the University of Ouagadougou II, Burkina Faso. Canada’s International Development Research Centre (IDRC) supports research in developing countries to promote growth and development. IDRC also encourages sharing this knowledge with policymakers, other researchers, and communities around the world. The result is innovative, lasting local solutions that aim to bring choice and change to those who need it most.

Indian Economy

Author : Uma Kapila
Publisher : Academic Foundation
ISBN 13 : 9788171884292
Total Pages : 264 pages
Book Rating : 4.8/5 (842 download)

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Book Synopsis Indian Economy by : Uma Kapila

Download or read book Indian Economy written by Uma Kapila and published by Academic Foundation. This book was released on 2005 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Designed for use in undergraduate courses in Indian Economy B.A. (Pass), B.Com. (Pass) and Honours (Subsidiary) in various Indian universities, the first part of the book discusses issues in `Development and Planning' with reference to India, covering Colonialism and Underdevelopment, Factors in Development, Capital Formation, Demographic Factors, Problems of Planning & Development; Industrial Policy; Relative Roles of Public and Private Sectors; Disinvestment and Issue of Privatisation; Savings and Investment; Mobilisation of Resources for the Plans; A broad review of planning upto the beginning of the Tenth Five Year Plan, and India's Economic Reforms. In the second part of the book, the discussions is on `sectoral aspects' of the Indian economy viz., Agriculture: Problems of Productivity, Technology, Green Revolution, Land Reforms, Rural Credit, Marketing, and India's Food Security System; Industry: Growth and Diversification in Indian Industry, Relative Roles of Cottage, Small and Large Industries, Role of Foreign Capital and Multinationals, and Industrial Finance; External Sector: Changing Structure of India's Foreign Trade in the Post-Independence Period, and Trends in Balance of Payments. The subject of Inflation with reference to India has also been exhaustively discussed and analysed. In response to the constant feed back from teachers and students, the analysis in the text, in the present edition (4th edition) has been simplified for easy understanding by the students at various levels. Some new chapters have been added and additions in the existing chapters made, covering the latest developments and policy announcements with respect to various sectors. At the end of each chapter, some relevant questions have also been given with respect to the subject discussed.

Macroeconomic Modelling And Monetary And Exchange Rate Regimes

Author : Masson Paul R
Publisher : World Scientific
ISBN 13 : 9811201730
Total Pages : 428 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Macroeconomic Modelling And Monetary And Exchange Rate Regimes by : Masson Paul R

Download or read book Macroeconomic Modelling And Monetary And Exchange Rate Regimes written by Masson Paul R and published by World Scientific. This book was released on 2019-07-23 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents articles that focus on the inter-related issues of choice of exchange rate and monetary policy regimes, and others that use a global macroeconomic model developed by the author and collaborators to quantify the effects of the 'baby boom' on global imbalances, costs of disinflation, and the effects of German unification. The book presents new analysis of the euro-zone experience and its applicability to other monetary unions, as well as a discussion of the prerequisites for successful inflation targeting. It is grounded in real-world data, readily accessible to non-specialists, and addresses important economic policy issues.

Africa and Economic Policy

Author : Ferdinand Bakoup
Publisher : Anthem Press
ISBN 13 : 1783080191
Total Pages : 354 pages
Book Rating : 4.7/5 (83 download)

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Book Synopsis Africa and Economic Policy by : Ferdinand Bakoup

Download or read book Africa and Economic Policy written by Ferdinand Bakoup and published by Anthem Press. This book was released on 2014-08-01 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: ‘Africa and Economic Policy: Developing a Framework for Policymakers’ aims to fill an important gap in the current literature on economic policy in developing countries. Despite its richness and sophistication, the current economic literature has not yet succeeded in developing a framework for economic policy that is clear and intelligible to policymakers in developing countries, and which is capable of effectively delivering a sustained increase in citizens’ well-being. This ground-breaking study seeks to rectify this problem by suggesting a unique conceptual framework for designing and conducting economic policy in developing countries, particularly those in Africa.

Fiscal Governance in Europe

Author : Mark Hallerberg
Publisher : Cambridge University Press
ISBN 13 : 1139476270
Total Pages : 235 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Fiscal Governance in Europe by : Mark Hallerberg

Download or read book Fiscal Governance in Europe written by Mark Hallerberg and published by Cambridge University Press. This book was released on 2009-03-16 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a theoretical framework to discuss how governments coordinate budgeting decisions. There are two modes of fiscal governance conducive to greater fiscal discipline, a mode of delegation and a mode of contracts. These modes contrast with a fiefdom form of governance, in which the decision-making process is decentralized. An important insight is that the effectiveness of a given form of fiscal governance depends crucially upon the underlying political system. Delegation functions well when there are few, or no, ideological differences among government parties, whereas contracts are effective when there are many such differences. Empirically, delegation and contract states perform better than fiefdom states if they match the underlying political system. Additional chapters consider why countries have the fiscal institutions that they do, fiscal governance in Central and Eastern Europe, and the role of such institutions in the European Union.