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Idrys Fransmel Okombi
''Non-Linear Response of Fiscal Policy to the Business Cycle: Empirical Evidence in Sub-Saharan Africa''
( 2021, Vol. 41 No.3 )
This article examines the cyclicality of tax policy on a sample of 12 Sub-Saharan African countries for the period 2004-2018. Based on the threshold effect model (PTR), the results show that there are thresholds for mining rent, credit, public debt and corruption, which condition the passage from the pro-cyclical fiscal reaction to the counter-cyclical fiscal reaction in sub-Saharan Africa.
Keywords: Fiscal Policy, Business Cycle, Africa.
JEL: E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General
E3 - Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
Manuscript Received : Sep 23 2020 Manuscript Accepted : Jul 18 2021

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