This paper reviews the theoretical and empirical literature on the effectiveness of fiscal
policy. The focus is on the size of fiscal multipliers, and on the possibility that multipliers can …

This paper reviews major issues involved in achieving the objectives of the New Partnership
for Africa's Development (NEPAD). Using a simple framework for evaluation, the analysis …

Meta analysis is conducted to review 32 empirical studies with 169 estimates of the effect of
military expenditure on economic growth. We formulate four hypotheses to examine the …

Private investment is the principal transmission channel through which fiscal policy affects
growth in high-income countries. In low-income countries, governance and also other …

In this study, the dynamic causal relationship between government expenditure and
economic growth is examined using data from South Africa, the most advanced economy in …

The effect of higher petroleum prices on the aggregate price level, real growth, and income
distribution is appraised within a multisector computable general equilibrium (CGE) model …

In the light of the current global financial and economic crises, how would governments in
sub‐Saharan Africa (SSA) allocate their budgets across sectors in response to a binding …

This paper examines the effects of external public debt burden on the composition of public
spending in a sample of 47 developing countries for 1972–2001. We specify a system of …

The simultaneous impact of public expenditures and foreign direct investment (FDI) on
economic growth is studied. To the best of the authors' knowledge, this is the first study that …

The goal of this research was to investigate empirically how government expenditure
contributes to economic growth in east africa. most existing studies on the association …