To Starve the Beast or Not to Starve the Beast? Evidence from Debt-Distressed Region

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dc.authoridYılancı, Veli / 0000-0001-5738-690X
dc.contributor.authorNzimande, Ntokozo
dc.contributor.authorYılancı, Veli
dc.date.accessioned2025-01-27T20:55:47Z
dc.date.available2025-01-27T20:55:47Z
dc.date.issued2025
dc.departmentÇanakkale Onsekiz Mart Üniversitesi
dc.description.abstractThe elimination of budgetary disequilibrium remains a contentious issue, with scholars and policymakers debating the efficacy of tax alterations versus limiting government outlays. This topic has garnered significant attention, although research on the spending-revenue nexus is noticeably skewed against Africa, which presents an intriguing research opportunity. The International Monetary Fund (IMF) reported a concerning rise in public debt across Africa, highlighting the urgent need for public finance consolidation. In contrast to the extant literature, this study examines the dynamic link between revenues and expenditures from 1990 to 2022. Applying wavelet decomposition to account for temporary variations, our analysis reveals dynamic patterns in the revenue-expenditure nexus. Our findings support the institutional separation hypothesis in the short run, suggesting a distinct relationship between revenues and outlay. However, in the medium-to long-run, our results support the fiscal synchronization hypothesis, accentuating a more intertwined association between revenues and expenditures. This study sheds light on the nuanced dynamics of budgetary equilibrium in Africa, providing insights that can inform policy priorities and decision-making. Finally, by focusing on the unique context of Africa and using advanced techniques, this study contributes to the existing literature on budgetary equilibrium, filling a crucial gap in our knowledge of the public finance dynamics in the region.
dc.identifier.doi10.1080/15228916.2024.2408062
dc.identifier.issn1522-8916
dc.identifier.issn1522-9076
dc.identifier.issue2
dc.identifier.scopus2-s2.0-85204910545
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1080/15228916.2024.2408062
dc.identifier.urihttps://hdl.handle.net/20.500.12428/26182
dc.identifier.volume26
dc.identifier.wosWOS:001320001600001
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherRoutledge Journals, Taylor & Francis Ltd
dc.relation.ispartofJournal of African Business
dc.relation.publicationcategoryinfo:eu-repo/semantics/openAccess
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WoS_20250125
dc.subjectSpending
dc.subjectrevenues
dc.subjectfiscal policy
dc.subjectstarve the beast
dc.titleTo Starve the Beast or Not to Starve the Beast? Evidence from Debt-Distressed Region
dc.typeArticle

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