Associate Professor / Reader
At the Economics department office
Appointment on Visitation important
Topic: Development Economics
Description: Area of focus here is on economic development and planning as applicable to both developing and developing economies.
|Department of Economics, University of Ibadan, Ibadan, Oyo State, Nigeria
Fiscal Policy and Resource allocation efficiency in the West African Monetary Zone
Every budget in a typical fiscal system rations the use of resources through allocating to some while denying others. While method of allocation determines efficiency of government programmes, government itself undergoes various challenges in striking a balance between resources and these programmes . Allocative efficiency demonstrates governments capacity to distribute resources based on the effectiveness of the public programmes to meet its laid down objectives. Consequently, resources are shifted from old with priorities to new ones and from less effective types to more effective types. Establishing the link between planning and programme evaluation to budget system has become a major issue to the policy makers particularly in the developing world. WAMZs economy is beset with a lot of problems when it comes to the issue of resource allocation amidst fiscal policy tools. Its high level of dependence for huge part of its revenue causes many fiscal challenges. In certain cases and as witnessed around the recession, the price of oil dropped drastically and therefore caused revenue reduction and thereafter most economic indices were not performing as expected. Aims/Objectives are i to examine the impact of fiscal policy on resource distribution in the WAMZ ii to examine whether resources facilitate growth in the WAMZ. The theoretical framework is based on a modified version of the literature on public sector efficiency and the cointegration technique shall be used to examine the long run relationship among fiscal policy , resource allocation and growth. It is expected that fiscal policy ensures equity distribution of resources and foster growth in the region.
SAKA JIMOH is a Associate Professor / Reader at the Department of Economics
SAKA has a Ph.D in Economics from Department of Economics, University of Ibadan, Ibadan, Oyo State, Nigeria