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    Review of 'THE IMPACT OF MACROECONOMIC POLICY ON ECONOMIC GROWTH IN SUB-SAHARA AFRICAN COUNTRIES'

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    THE IMPACT OF MACROECONOMIC POLICY ON ECONOMIC GROWTH IN SUB-SAHARA AFRICAN COUNTRIESCrossref
    It was a pleasure reading your paper. You have chosen an ever-present and interesting topic.
    Average rating:
        Rated 3.5 of 5.
    Level of importance:
        Rated 3 of 5.
    Level of validity:
        Rated 4 of 5.
    Level of completeness:
        Rated 4 of 5.
    Level of comprehensibility:
        Rated 3 of 5.
    Competing interests:
    It would be desirable but not obligatory if the Author/s should clearly state the benefits of the research.

    Reviewed article

    • Record: found
    • Abstract: found
    • Article: found
    Is Open Access

    THE IMPACT OF MACROECONOMIC POLICY ON ECONOMIC GROWTH IN SUB-SAHARA AFRICAN COUNTRIES

    The prime purpose of this article was to investigate the monetary and fiscal policy interaction and their impact on economic growth in a panel of 35 sub-Saharan African economies from 1980 to 2018. To achieve this objective, the study employs a Panel Vector Autoregression (PVAR) estimation technique. Using a PVAR approach, we show that an expansionary fiscal policy through tax revenue and an unexpected expansionary monetary policy via broad money supply have a positive effect on gross national income, whereas an expansionary fiscal policy through the government spending have a contractionary impact on gross national income. We also find that an unexpected expansionary monetary policy via real exchange rate has no effect on gross national income. Finally, we show evidence that there is a negative and significant relationship between fiscal policy and monetary policy and thus supporting the need of policy coordination between fiscal and monetary policies. Therefore, to have continuous and sustainable economic growth, the coordination of monetary and fiscal policies is vital, and the lack of this coordination leads to a sharp downturn of overall economic performance, even can hurt the economy The empirical results also show that the variation in gross national income is more explained by fiscal policy variables than monetary policy variables which show fiscal policy is more effective than monetary policy in influencing gross national income.
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      Review information

      10.14293/S2199-1006.1.SOR-ECON.APAAPAV.v1.RKWLZK
      This work has been published open access under Creative Commons Attribution License CC BY 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. Conditions, terms of use and publishing policy can be found at www.scienceopen.com.

      Economics
      PVAR,monetary policy,fiscal policy,SSA,economic growth,monetary policy, fiscal policy, PVAR, economic growth, SSA.

      Review text

      This paper provides a comprehensive study about the monetary and fiscal policy interaction and their impact on economic growth in a panel of 35 sub-Saharan African economies from 1980 to 2018. The author shows, using a Panel Vector Autoregression (PVAR) approach, that an expansionary fiscal policy through tax revenue and an unexpected expansionary monetary policy via broad money supply has a positive effect on gross national income, whereas an expansionary fiscal policy through the government spending has a contractionary impact on gross national income. It is an interesting and worthwhile topic. However, there are some issues that should be revised by the authors.

      Major comments:
      There is no page numbering for the present paper.
      There are a lot of grammatical errors which should be revised by the author. So, the paper needs a professional proofreading.
      The paper is too long. It should be presented shorter.
      Abstract:
      The abstract doesn’t include the importance of the problem.
      Introduction & Literature review:
      The author should be explained more the main contributions and research gap of the paper, in particular, in the introduction section, more than the present explanations.
      The non-relevant references should be removed from the paper. The number of references is so much.
      Main body:
      All the tables and figures must have a title and citation in the text, according to the author’s guide of the journal. 

      Conclusions:
      The limitations of the problem solving should be mentioned by the authors.
      The conclusion should be free from the notations.

      Minor comments:
      A notations list should be added to the paper.
      The caption of figures should be embedded below them.
      There are many equations that have no citations in the main text.
      It would be desirable but not obligatory if the Author should clearly state the benefits of the research.
      The used references are a bit older but there are really no younger and better references.

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