Showing 1 - 10 of 31,486
This paper develops a dynamic stochastic general equilibrium (DSGE) model to analyze the growth effects of fiscal policy in Bolivia. It is a multi-sector model with five representative sectors for the Bolivian economy: Non-tradables, importables, hydrocarbons, mining and agriculture. Public...
Persistent link: https://www.econbiz.de/10010843559
This paper provides an empirical evaluation of the impact of infrastructure development on economic growth and income … regressors infrastructure quantity and quality indicators in addition to standard controls. To account for the potential … endogeneity of infrastructure (as well as that of other regressors), we use a variety of GMM estimators based on both internal and …
Persistent link: https://www.econbiz.de/10010735028
After much debate, many academic circles have concluded that under the right circumstances, infrastructure stocks may … be a promoter for growth. This paper benchmarks Mexico’s infrastructure quantity stocks and identifies Mexico …’s infrastructure bottlenecks in regard to 94 countries. With a sample of annual data from 1960 to 2014, the analysis focuses on three …
Persistent link: https://www.econbiz.de/10011770385
Purpose: This article studies the effects of public expenditure on economic growth in Latin America countries (LAC), especially the role played by foreign aid and public and private investment Design/methodology/approach Granger causality approach and Fixed effect method. Findings: There is...
Persistent link: https://www.econbiz.de/10012023637
This paper studies the effects of fiscal rules on public investment. Economists argue that fiscal rules decrease public investment, as it is easier for governments to lower public investment than current expenditures. This paper presents an empirical assessment of the relationship between fiscal...
Persistent link: https://www.econbiz.de/10014363405
Purpose – The purpose of this paper is to analyse the relationship between infrastructure and total factor productivity … authors hypothesise that an increase in infrastructure has an indirect effect on output by raising productivity. To assess … of infrastructure stock, such as energy, roads, and telephones. The Lütkepohl, Saikkonen and Trenkler Test, which …
Persistent link: https://www.econbiz.de/10009421142
This paper provides a survey of the significant literature on the effects of public infrastructure investment on … presents a comprehensive discussion of the empirical research regarding the impact of public infrastructure investment on …
Persistent link: https://www.econbiz.de/10010732545
The paper first summarizes the theoretical and empirical literature on the growth and inequality impact of the liberalization of trade, FDI, portfolio flows, and migration. It then compares the inequality and growth performance of Latin America over 2000-2008 with that recorded during the same...
Persistent link: https://www.econbiz.de/10009643425
This paper estimates the effects of past fiscal consolidations in Latin America and the Caribbean (LAC) on income inequality. For the 13 LAC countries with fiscal consolidation episodes identified by the narrative approach, one percent of GDP fiscal consolidation increases the disposable Gini...
Persistent link: https://www.econbiz.de/10014507170
This paper upholds the classical Keynesian position that a laissez-faire market economy lacks a spontaneous tendency to full employment. Focusing on the UK case, it argues that monetary policy could not prevent the economic collapse of 2008-9 or achieve full recovery from the Great Recession...
Persistent link: https://www.econbiz.de/10013175036