
5 UNU-WIDER articles, publications, projects, experts...
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Working Paper
The link between public debt and public investment in TanzaniaIn a bid to realize its development aspirations, Tanzania has made concerted efforts to increase public investment, particularly in the last decade. A significant proportion of these investments are financed by contracting debt, manifested by the...
Working Paper
Do fiscal regimes matter for fiscal sustainability in South Africa?This paper empirically examines South Africa’s fiscal sustainability through a Markov-switching model which utilizes quarterly datasets for the period from 1960 to 2019. The results show that public debt responds positively, demonstrating a...
Working Paper
Debt-financed fiscal stimulus in South AfricaDebt-financed fiscal stimulus programmes directly stimulate aggregate demand through government expenditure or tax cuts, but their effectiveness is highly dependent on direct crowding out of private sector expenditure, spillover effects to the...
Working Paper
The HIPC Initiative and Poverty Reduction in GhanaThis paper presents a review of the current debt problem in Ghana and assesses whether debt relief under the HIPC initiative can be effectively translated into poverty reduction. The extent of the debt burden is jeopardizing Ghana’s effort at poverty...
Working Paper
Public debt sustainability and debt dynamicsRising public debt in sub-Saharan Africa remains a matter of concern. We provide an analysis of public debt and debt sustainability in Tanzania, focusing on external debt. Though current and previous analyses using the IMF-World Bank debt...