Author:
Olaoye Olumide,Al-Faryan Mamdouh Abdulaziz Saleh,Tabash Mosab I.
Abstract
Purpose
The aim of this study is twofold. First, this study examines the effect of fiscal policy on sustainable development in sub-Saharan Africa (SSA). Second, this study also investigates the moderating role of information and communication technology (ICT) in fiscal policy–sustainable development nexus in SSA.
Design/methodology/approach
This study adopted a battery of econometric techniques such as the ordinary least square (OLS), the two-step system generalized method of moments, Driscoll and Kraay covariance matrix estimator and the dynamic panel threshold model.
Findings
This study found that fiscal policy, except for public spending on education do not promote sustainable development in SSA. However, the authors found that ICT promotes sustainable development in SSA, and that when fiscal policy interacts with ICT, the results show that ICT enhances the effectiveness of fiscal policy to promote sustainable development in SSA. Furthermore, this study uncovers the optimal levels of public spending on health and education, and public debts that engenders sustainable development in SSA. The research and policy implications are discussed.
Originality/value
This study assessed the role of ICT in fiscal policy–sustainable development nexus.
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