Aid, Debt Burden and Government Fiscal Behaviour in Cote D'Ivoire

CREDIT Research Paper No. 03/05

27 Pages Posted: 23 Jul 2003

See all articles by Mark McGillivray

Mark McGillivray

United Nations - World Institute for Development Economics Research (UNU/WIDER)

Bazoumana Ouattara

University of Wales

Date Written: April 2003

Abstract

This paper examines the impact of foreign aid on public sector fiscal behaviour in Cote d'Ivoire. A special interest is the relationship between aid, debt servicing and debt, given that Cote d'Ivoire is a highly indebted country. The theoretical model employed differs from those of previous studies by highlighting the interaction between debt servicing and the other fiscal variables. This model is estimated using 1975-99 time series data. Key findings are that the bulk of aid is allocated to debt servicing and that aid is associated with increases in the level of public debt.

Suggested Citation

McGillivray, Mark and Ouattara, Bazoumana, Aid, Debt Burden and Government Fiscal Behaviour in Cote D'Ivoire (April 2003). CREDIT Research Paper No. 03/05, Available at SSRN: https://ssrn.com/abstract=412249 or http://dx.doi.org/10.2139/ssrn.412249

Mark McGillivray (Contact Author)

United Nations - World Institute for Development Economics Research (UNU/WIDER) ( email )

Katajanokanlaituri 6B
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HOME PAGE: http://www.wider.unu.edu

Bazoumana Ouattara

University of Wales ( email )

Singleton Park
Swansea, Wales SA2 8PP
United Kingdom

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