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Aid, debt burden and government fiscal behaviour in Côte d'Ivoire

journal contribution
posted on 2005-01-01, 00:00 authored by Mark McGillivray, B Ouattara
This paper examines the impact of foreign aid on public sector fiscal behaviour in Co^te d’Ivoire. A special interest is the relationship between aid, debt servicing and debt, given that Coˆte d’Ivoire is a highly indebted country. The theoretical model employed differs from those of previous studies by highlighting the interaction between debt servicing and the other fiscal variables, providing information on aid and fiscal behaviour that its predecessors cannot. This model is estimated using 1975–99 time series data. Two key findings emerge: (i) the majority of aid inflows are allocated to expenditure on debt servicing; and (ii) these inflows are associated with increases in the level of public debt.

History

Journal

Journal of African Economies

Volume

14

Issue

2

Pagination

247 - 269

Publisher

Oxford University Press

Location

Oxford, England

ISSN

0963-8024

eISSN

1464-3723

Language

eng

Publication classification

C1.1 Refereed article in a scholarly journal

Copyright notice

The author 2005. Published by Oxford University Press on behalf of the Centre for the Study of African Economies. All rights reserved.

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