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

McGillivray, Mark and Ouattara, Bazoumana 2005, Aid, debt burden and government fiscal behaviour in Côte d'Ivoire, Journal of African Economies, vol. 14, no. 2, pp. 247-269, doi: 10.1093/jae/eji003.

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Title Aid, debt burden and government fiscal behaviour in Côte d'Ivoire
Author(s) McGillivray, MarkORCID iD for McGillivray, Mark
Ouattara, Bazoumana
Journal name Journal of African Economies
Volume number 14
Issue number 2
Start page 247
End page 269
Publisher Oxford University Press
Place of publication Oxford, England
Publication date 2005
ISSN 0963-8024
Summary 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.
Language eng
DOI 10.1093/jae/eji003
Field of Research 140219 Welfare Economics
Socio Economic Objective 970114 Expanding Knowledge in Economics
HERDC Research category 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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