An Empirical Investigation of the Stabilisation Potency of Budgetary and Financial Policy Instruments in Sierra Leone
| dc.contributor.advisor | Kebret, Haile (Dr) | |
| dc.contributor.author | Dauda, Robert | |
| dc.date.accessioned | 2021-06-14T11:58:33Z | |
| dc.date.accessioned | 2023-11-04T10:29:21Z | |
| dc.date.available | 2021-06-14T11:58:33Z | |
| dc.date.available | 2023-11-04T10:29:21Z | |
| dc.date.issued | 2001-06 | |
| dc.description.abstract | This study aims at determining the effect of government expenditure on real output, the effect of budget deficit and domestic credit on inflation and the balance-of-payments and the effect of exchange rate depreciation on the balance of payment, inflation and real output. time series models of inflation, balance of payments and real output have been estimated as these are the key variables targeted by stabilization programs, which involve budgetary and financial policy instruments. The procedure used involves applying the Johansen Maximum Likelihood Method ill multivariate models and the hendry’s general-to-Specific Method to arrive at long- and short-run models, respectively. Fiscal restraint is found to abate inflation and improve the balance of payments but it is accompanied by real output loss. Budget deficit is found to Granger cause domestic credit and the process through which the domestic credit creation worsens the balance of payments is through its injlatiol1Cl1Y effect. Thereby dwindling the competitiveness of the Sierra Leone economy. Exchange rate depreciation is found to improve the balance of payments in the long run. It is however inflationary and it reduces real output in the short run though expansionary in the long run. | en_US |
| dc.identifier.uri | http://etd.aau.edu.et/handle/123456789/26819 | |
| dc.language.iso | en | en_US |
| dc.publisher | A.A.U | en_US |
| dc.subject | Empirical Investigation | en_US |
| dc.subject | Financial Policy Instruments | en_US |
| dc.title | An Empirical Investigation of the Stabilisation Potency of Budgetary and Financial Policy Instruments in Sierra Leone | en_US |
| dc.type | Thesis | en_US |