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Resource Dependence And Fiscal Effort In Sub Saharan Africa
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Book Synopsis Resource Dependence and Fiscal Effort in Sub-Saharan Africa by : Mr.Alun H. Thomas
Download or read book Resource Dependence and Fiscal Effort in Sub-Saharan Africa written by Mr.Alun H. Thomas and published by International Monetary Fund. This book was released on 2013-08-28 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: High natural resource prices in recent years have resulted in sizeable increases in fiscal revenue for many resource-exporting countries in sub-Saharan Africa. However, this revenue source is volatile, and arguably these countries should also rely on other forms of taxation to help fund public expenditure. This paper asks whether the availability of higher resource revenue in these countries has led to lower taxation effort of other revenue categories. The question is analyzed both in terms of the relationship between non-resource tax revenue and resource revenue, and between non-resource tax revenue and statutory tax rates. The paper finds evidence suggesting that nonresource revenue is negatively influenced by a higher resource revenue-to-GDP ratio. The lower take up of nonresource taxes in resource-rich countries is correlated with higher levels of corruption in these countries, suggesting weaker institutions affect nonresource revenue through incentives for tax evasion and/or large tax exemptions as argued in the literature.
Book Synopsis Boom, Bust, or Prosperity? Managing Sub-Saharan Africa’s Natural Resource Wealth by : Charlotte J. Lundgren
Download or read book Boom, Bust, or Prosperity? Managing Sub-Saharan Africa’s Natural Resource Wealth written by Charlotte J. Lundgren and published by International Monetary Fund. This book was released on 2013-08-27 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sizeable natural resource endowments and potentially large financial inflows from their extraction provide an unparalleled opportunity for economic growth and development in a growing number of sub-Saharan African countries. Empirical evidence suggests, however, that translating this resource wealth into stronger economic performance and a higher standard of living has proven challenging. Much has been written about the resource curse. This publication focuses on solutions to the challenges and outlines the main policy considerations and options in managing natural resource wealth, drawing on experience within and outside sub-Saharan Africa and referring closely to the latest analysis and policy advice in this area by the IMF, the World Bank, and leading academic research. A key feature of each chapter is a recommended reading list for those who wish additional, more in-depth material on these issues to further inform policymakers and other stakeholders on the theoretical and analytical underpinnings of the policy advice.
Book Synopsis Resource Dependence and Fiscal Effort in Sub-Saharan Africa by : Mr.Alun H. Thomas
Download or read book Resource Dependence and Fiscal Effort in Sub-Saharan Africa written by Mr.Alun H. Thomas and published by International Monetary Fund. This book was released on 2013-08-28 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: High natural resource prices in recent years have resulted in sizeable increases in fiscal revenue for many resource-exporting countries in sub-Saharan Africa. However, this revenue source is volatile, and arguably these countries should also rely on other forms of taxation to help fund public expenditure. This paper asks whether the availability of higher resource revenue in these countries has led to lower taxation effort of other revenue categories. The question is analyzed both in terms of the relationship between non-resource tax revenue and resource revenue, and between non-resource tax revenue and statutory tax rates. The paper finds evidence suggesting that nonresource revenue is negatively influenced by a higher resource revenue-to-GDP ratio. The lower take up of nonresource taxes in resource-rich countries is correlated with higher levels of corruption in these countries, suggesting weaker institutions affect nonresource revenue through incentives for tax evasion and/or large tax exemptions as argued in the literature.
Book Synopsis Exiting From Fragility in sub-Saharan Africa by : Corinne Deléchat
Download or read book Exiting From Fragility in sub-Saharan Africa written by Corinne Deléchat and published by International Monetary Fund. This book was released on 2015-12-22 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the role of fiscal policies and institutions in building resilience in sub-Saharan African countries during 1990-2013, with specific emphasis on a group of twenty-six countries that were deemed fragile in the 1990s. As the drivers of fragility and resilience are closely intertwined, we use GMM estimation as well as a probabilistic framework to address endogeneity and reverse causality. We find that fiscal institutions and fiscal space, namely the capacity to raise tax revenue and contain current spending, as well as lower military spending and, to some extent, higher social expenditure, are significantly and fairly robustly associated with building resilience. Similar conclusions arise from a study of the progression of a group of seven out of the twenty-six sub- Saharan African countries that managed to build resilience after years of civil unrest and/or violent conflict. These findings suggest relatively high returns to focusing on building sound fiscal institutions in fragile states. The international community can help this process through policy advice, technical assistance, and training on tax administration and budget reforms.
Download or read book Sub-Saharan Africa written by World Bank and published by . This book was released on 1989 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: 3. Investing in people.
Book Synopsis Boom, Bust, Or Prosperity? by : Charlotte J. Lundgren
Download or read book Boom, Bust, Or Prosperity? written by Charlotte J. Lundgren and published by . This book was released on 2013 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sizable natural resource endowments and potentially large financial inflows from their extraction provide an unparalleled opportunity for economic growth and development in a growing number of sub-Saharan African countries. Empirical evidence suggests, however, that translating this resource wealth into stronger economic performance and a higher standard of living has proved challenging. Much has been written about the resource curse. This publication focuses on solutions to the challenges and outlines the main policy considerations and options in managing natural resource wealth, drawing on experience within and outside sub-Saharan Africa and referring closely to the latest analysis and policy advice in this area by the IMF, the World Bank, and leading academic research. A key feature of each chapter is a recommended reading list for those who wish additional, more in-depth material on these issues to further inform policymakers and other stakeholders on the theoretical and analytical underpinnings of the policy advice.
Book Synopsis Alternative Exchange Rate Strategies and Fiscal Performance in Sub-Saharan Africa by : Mrs.Stefania Bazzoni
Download or read book Alternative Exchange Rate Strategies and Fiscal Performance in Sub-Saharan Africa written by Mrs.Stefania Bazzoni and published by International Monetary Fund. This book was released on 1993-08-01 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the relationship between fiscal performance in 28 sub-Saharan African countries over the 1980-91 period with movements in the exchange rates, the terms of trade, and other macroeconomic aggregates. It finds that the tax base in most of these countries is heavily dependent on imports and import substitutes. Consequently, an overvaluation of the exchange rate in countries which adopted a fixed exchange rate strategy undermines the tax base and results in a widening of the fiscal deficit when the purpose of the strategy is to restore the real exchange rate to its equilibrium through fiscal contraction. Those countries which pursued a variable exchange rate strategy failed in attaining price stability, but exchange rate adjustment was critical in contributing to other macroeconomic objectives, particularly fiscal balance, competitiveness, and growth.
Book Synopsis Resource Blessing, Revenue Curse? Domestic Revenue Effort in Resource-Rich Countries by : Ernesto Crivelli
Download or read book Resource Blessing, Revenue Curse? Domestic Revenue Effort in Resource-Rich Countries written by Ernesto Crivelli and published by International Monetary Fund. This book was released on 2014-01-14 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses a newly constructed revenue dataset of 35 resource-rich countries for the period 1992-2009 to analyze the impact of expanding resource revenues on different types of domestic (non resource) tax revenues. Overall, we find a statistically significant negative relationship between resource revenues and total domestic (non resource) revenues, including for the major tax components. For each additional percentage point of GDP in resource revenues, there is a reduction in domestic (non resource) revenues of about 0.3 percentage points of GDP. We find this primarily occurs through reduced effort on taxes on goods and services—in particular, the VAT— followed by a smaller negative impact on corporate income and trade taxes.
Book Synopsis Natural Resource Dependence and the Political Economy of Civil Conflict in Sub-Saharan Africa by : Joseph Adeboye Bamidele
Download or read book Natural Resource Dependence and the Political Economy of Civil Conflict in Sub-Saharan Africa written by Joseph Adeboye Bamidele and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Building Resilience in Sub-Saharan Africa's Fragile States by : Mr.Enrique Gelbard
Download or read book Building Resilience in Sub-Saharan Africa's Fragile States written by Mr.Enrique Gelbard and published by International Monetary Fund. This book was released on 2015-06-25 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the persistence of fragility in some sub-Saharan African states and the multiple dimensions of state weakness that are simultaneously at play. This study also provides an overview of the analytics of fragility, conflict, and international engagement with fragile states before turning to an assessment of the current state of affairs and the areas in which there has been progress in building resilience. The paper also looks at the role of fiscal policies and institutions and analyzes growth accelerations and decelerations. Seven country case studies help identify more concretely some key factors at play, and the diversity of paths followed, with an emphasis on the sequencing of reforms. The paper concludes with a summary of the main findings and policy implications.
Book Synopsis Africa's Infrastructure by : Vivien Foster
Download or read book Africa's Infrastructure written by Vivien Foster and published by World Bank Publications. This book was released on 2010 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: This booklet contains the Overview as well as a list of contents from the forthcoming book Africa's Infrastructure: A time for Transformation.
Book Synopsis Evolution of Exchange Rate Regimes by : International Monetary Fund
Download or read book Evolution of Exchange Rate Regimes written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-12-09 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Download or read book Extracting Profit written by Lee Wengraf and published by Haymarket Books. This book was released on 2018-02-19 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Extracting profit explains why Africa, in the first decade and a half of the twenty-first century, has undergone an economic boom. This period of “Africa rising” did not lead to the creation of jobs but has instead fueled the growth of the extraction of natural resources and an increasingly-wealthy African ruling class.
Book Synopsis Presumptive Taxation in Sub-Saharan Africa by : Mr.Günther Taube
Download or read book Presumptive Taxation in Sub-Saharan Africa written by Mr.Günther Taube and published by International Monetary Fund. This book was released on 1996 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyses presumptive taxation methods and their application in Sub-Saharan Africa. Presumptive taxation involves simple techniques to capture domestic transactions and sources of income that frequently escapes conventional taxation.
Book Synopsis Understanding Countries’ Tax Effort by : Mr.Ricardo Fenochietto
Download or read book Understanding Countries’ Tax Effort written by Mr.Ricardo Fenochietto and published by International Monetary Fund. This book was released on 2013-12-16 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a model to determine the tax effort and tax capacity of 113 countries and the main variables on which they depend. The results and the model allow a clear determination of which countries are near their tax capacity and which are some way from it, and therefore, could increase their tax revenue. This paper also determines central factors on which tax capacity depends: the level of development, trade, education, inflation, income distribution, corruption, and the ease of tax collection.
Book Synopsis Growth in Sub-Saharan Africa by : Mr.Dhaneshwar Ghura
Download or read book Growth in Sub-Saharan Africa written by Mr.Dhaneshwar Ghura and published by International Monetary Fund. This book was released on 1995-12-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper investigates empirically the determinants of economic growth for a large sample of sub-Saharan African countries during 1981-92. The results indicate that (i) an increase in private investment has a relatively large positive impact on per capita growth; (ii) growth is stimulated by public policies that lower the budget deficit in relation to GDP (without reducing government investment), reduce the rate of inflation, maintain external competitiveness, promote structural reforms, encourage human capital development, and slow population growth; and (iii) convergence of per capita income occurs after controlling for human capital development and public policies.
Book Synopsis Tax Avoidance in Sub-Saharan Africa’s Mining Sector by : Ms. Giorgia Albertin
Download or read book Tax Avoidance in Sub-Saharan Africa’s Mining Sector written by Ms. Giorgia Albertin and published by International Monetary Fund. This book was released on 2021-09-28 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper aims to contribute to the international policy debate around profit shifting, tax avoidance and SSA’s revenue mobilization efforts in three ways. First, it examines the importance of mining, the role of multinational enterprises (MNEs), and mining revenue outcomes in SSA. Second, it assesses the magnitude of profit shifting in mining drawing on new macro level research, supplemented by case studies to illustrate the lived experience of tax avoidance in SSA mining. Third, the paper identifies tax policy reforms that could boost revenue mobilization in SSA.
