Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/229357
Authors: 
Cruz, António
Mafambissa, Fausto J.
Year of Publication: 
2020
Series/Report no.: 
WIDER Working Paper No. 2020/133
Abstract: 
Mozambique has achieved incipient but still fragile socio-economic development since 1975. The public financial management system has been reformed and improved, but its performance has weakened since 2013. Applying an institutional economics approach, we have identified the economic growth strategy, the separation of powers principle, and the degree of decentralization as key factors affecting the public financial management system. As the current strategy based on natural resources seems to be failing, we suggest an alternative balanced growth strategy in the context of an effective democratic political system. It would entail the identification of policy priorities required for fostering sustainable and inclusive development.
Subjects: 
democracy
growth strategy
institutional economics
Mozambique
public financial management
JEL: 
H50
H60
O43
P51
Persistent Identifier of the first edition: 
ISBN: 
978-92-9256-890-0
Document Type: 
Working Paper

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