Victoria Masere
Midlands State University, Gweru, Zimbabwe

Published : 2 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 2 Documents
Search

Impact of Fiscal Indiscipline on External Debt in Sub Saharan Africa Talent Kondo; Victoria Masere; Pretty Moyo
Journal of Governance and Accountability Studies Vol. 6 No. 2 (2026): July
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/jgas.v6i2.2813

Abstract

Purpose: This study examines the impact of fiscal indiscipline on external debt in SSA. Methodology: A panel analysis using a Random Effect Model with data spanning September 2009 to December 2020 was employed. Results: The Results from the Random Effects Model (REM) indicate that the primary fiscal balance has a negative impact on external debt. This implies that a primary fiscal deficit raises external debt, whereas a primary fiscal surplus reduces external debt. Conclusions: In estimating the impact of fiscal indiscipline on external debt, this study observed that primary fiscal balances significantly and negatively affect external debt; that is, the lower the primary fiscal balance to a deficit, the larger the external debt accumulated. The study concludes that fiscal indiscipline affects external debt in SSA. Limitations: The study's scope was limited to periods with available data, acknowledging the potential impact of data quality on these findings. Contributions: This study guides policymakers and governments of SSA countries by providing possible ways to maintain a balance between government revenues and expenditures. Novelty: This study offers actionable recommendations for policymakers in Sub-Saharan Africa, emphasizing the need for balanced government revenues and expenditures to promote economic stability. Focusing on sub-Saharan Africa addresses a significant gap in the literature and sets the foundation for future research on effective economic strategies in developing countries. Overall, the findings of this study are essential for enhancing fiscal policies and promoting economic resilience in the region.
The Nexus between Government Spending and Agricultural Output: Evidence from Zimbabwe Talent Kondo; Simba Mustvangwa; Victoria Masere
Journal of Governance and Accountability Studies Vol. 5 No. 2 (2025): July
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/jgas.v5i2.2738

Abstract

Purpose: This study aims to examine the relationship between government spending and agricultural output in Zimbabwe, while also evaluating the effects of macroeconomic variables such as inflation, carbon emissions, rainfall, population growth, and temperature on agricultural output. Methods: The Autoregressive Distributed Lag (ARDL) model was employed using time-series data from 1980 to 2022. Data were sourced from the World Bank and the IMF. Diagnostic tests, including stationarity checks, cointegration analysis, and stability assessments (CUSUM and CUSUMSQ), were conducted to ensure the robustness of the model. Results: The findings reveal significant short- and long-run relationships between government spending and agricultural output. Government expenditure, rainfall, and population positively influenced agricultural productivity, whereas inflation and carbon emissions had a negative effect. The ARDL model explains 95% of the variation in agricultural output, indicating a strong model fit and predictive power. Conclusion: The Autoregressive Distributed Lag (ARDL) model demonstrated a positive relationship between government spending and agricultural output in both the short and long terms. Based on the results, the study concluded that sustained government support through subsidies, grants, and other resources has the potential to enhance agricultural productivity in Zimbabwe over time. Limitations: The study is limited by the availability and quality of historical data, which may constrain the precision of certain estimates. Contributions: This research assists the Ministry of Lands, Agriculture, Fisheries, Water, and Rural Development in developing targeted interventions to enhance the performance and resilience of Zimbabwe's farmers and agribusinesses. The findings can help the Reserve Bank of Zimbabwe align its policies with the evolving needs of farmers, especially post-COVID-19 and amid the Russia-Ukraine conflict.