Showing 1 - 10 of 1,499
This study investigates the comparative effect of fiscal and monetary policy on economic growth in Pakistan using annual time series data from 1981 to 2009. The cointegration result suggests that both monetary and fiscal policy have significant and positive effect on economic growth. The...
Persistent link: https://www.econbiz.de/10009149430
This paper proposes a model that links households and firms, as usual, by markets for factors and goods and, additionally, by a banking sector that channels households' funds to firms and eliminates idiosyncratic risk. In equilibrium, agency costs and tax benefits of corporate debt are...
Persistent link: https://www.econbiz.de/10005464696
Vietnam, the statistical analysis suggests that aid has a positive impact on inflows of FDI and aid can complement FDI in …
Persistent link: https://www.econbiz.de/10010840799
Although the impact was less dramatic than in other Asian countries, Vietnam has been affected by the international …
Persistent link: https://www.econbiz.de/10011162132
Persistent link: https://www.econbiz.de/10009149504
part of this paper studies the transition process in China and Vietnam from a planned economy to a free market economy. The … some elements of a free market, has boosted the growth rate in both China and Vietnam, and increased considerably the … standard of living of people in the two countries. China and Vietnam’s amazing achievements raise the question about what …
Persistent link: https://www.econbiz.de/10009466950
the economy while ensuring that fiscal discipline are practised by keeping to budgetary provisions and minimising budget …
Persistent link: https://www.econbiz.de/10011206218
This paper examines the size of the fiscal multiplier values generated in Malaysia. The results show that a government spending shock leads to broad positive economic effects. Although, the effectiveness of fiscal policy alters across macroeconomic states. The estimates show that since the Asian...
Persistent link: https://www.econbiz.de/10010790238
Against the background of the euro area sovereign debt crisis, our paper investigates the relationship between public debt and economic growth and adds to the existing literature in the following ways. First, we extend the threshold panel methodology by Hansen (1999) to a dynamic setting in...
Persistent link: https://www.econbiz.de/10010686872
This paper develops a macroeconomic forecasting model focusing on fiscal policy and economic growth in Nepal. The structure of the model, which comprises a total of 14 equations, allows alternative policy options for maintaining fiscal stability and promoting economic growth as well as switching...
Persistent link: https://www.econbiz.de/10010701985