Exiting From Fragility in Sub-Saharan Africa

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Exiting From Fragility in Sub-Saharan Africa is written by Corinne Del?echat and published by . It's available with International Standard Book Number or ISBN identification 1513569120 (ISBN 10) and 9781513569123 (ISBN 13).

This paper studies the role of fiscal policies and institutions in building resilience in sub-SaharanAfrican countries during 1990-2013, with specific emphasis on a group of twenty-six countries thatwere deemed fragile in the 1990s. As the drivers of fragility and resilience are closely intertwined, weuse GMM estimation as well as a probabilistic framework to address endogeneity and reversecausality. We find that fiscal institutions and fiscal space, namely the capacity to raise tax revenueand contain current spending, as well as lower military spending and, to some extent, higher socialexpend.