..., excluding grants/GDP ratio −5 percent; and a tax revenue/GDP ratio 17 percent. Furthermore, one way to establish fiscal policy is to examine the relationship between public finance variables in the framework of Granger causality. These empirical results provide an objective statistical basis to form...

...John Pastor Ansah; Muhammad Azeem Qureshi Purpose – The purpose of this paper is to present a dynamic macroeconomic framework that identifies the fundamental structure of public debt accumulation process in developing countries and its two way linkages with economic growth and public finances...