Search Results - subject:"Budget constraint"

Convergence in institutions and market outcomes: cross-country and time-series evidence from the business environment and enterprise performance surveys in transition economies

Mitra, Pradeep; Muravyev, Alexander; Schaffer, Mark E. - Economics Research, World Bank Group - 2009

This paper uses firm-level data from the Business Environment and Enterprise Performance Surveys to study the process of convergence of transition countries with developed market economies. The study focuses on competition and market structure, finance and the structure of lending to firms, and...

Persistent link: https://www.econbiz.de/10005106885

FISCAL POLICY AND ECONOMIC GROWTH IN ROMANIA

Enache, Cosmin - In: Annales Universitatis Apulensis Series Oeconomica 1 (2009) 11, pp. 50-50

The connection between fiscal policy and economic growth is not a strong one, takinginto account that fiscal policy is not a fundamental source of growth. Even so, governmentauthorities could use fiscal policy to affect in an indirect manner the economic growth. We will tryto highlight this...

Persistent link: https://www.econbiz.de/10008497444

Optimal Monetary and Fiscal Policy with Limited Asset Market Participation

Stehn, Sven Jari - International Monetary Fund (IMF) - 2009

This paper characterises the jointly optimal monetary and fiscal stabilisation policy in a new Keynesian model that allows for consumers who lacking access to asset markets consume their disposable income each period. With full asset market participation, the optimal policy relies entirely on...

Persistent link: https://www.econbiz.de/10008528613

Fiscal Stimulus with Spending Reversals

Müller, Gernot; Corsetti, Giancarlo; Meier, André - International Monetary Fund (IMF) - 2009

The impact of fiscal stimulus depends not only on short-term tax and spending policies, but also on expectations about offsetting measures in the future. This paper analyzes the effects of an increase in government spending under a plausible debt-stabilizing policy that links current stimulus to...

Persistent link: https://www.econbiz.de/10008528669

Fiscal Vulnerability and Sustainability in Oil-Producing Sub-Saharan African Countries

Zhan, Zaijin; York, Robert C. - International Monetary Fund (IMF) - 2009

Over many years rises and fall of world oil prices have been repeatedly reflected in the boom-bust cycles in oil-exporting countries the world over. The recent spectacular rise and equally spectacular fall in prices provides an opportunity to inquire whether anything is different this time. In...

Persistent link: https://www.econbiz.de/10008528681

Fiscal Incentive Effects of the German Equalization System

Stehn, Sven Jari; Fedelino, Annalisa - International Monetary Fund (IMF) - 2009

Does reliance on transfers weaken fiscal discipline and encourage pro-cyclical fiscal policies in recipient subnational governments? Using fiscal reaction functions for a panel of the German Länder, this paper finds a positive answer to both questions. Net-recipient states (Länder, benefiting...

Persistent link: https://www.econbiz.de/10008528684

Testing Stationarity of Budgetary Position in Developing Countries

Lau, Evan; Baharumshah, Ahmad Zubaidi; Mansor, Shazali Abu - In: International Econometric Review (IER) 1 (2009) 2, pp. 77-87

In this paper, we examine stationarity properties of data on budget deficits for a cluster of twenty-seven developing countries (D-27) for the period spanning 1970 to 2003. It has been argued in the literature that this statistical property correlates well with the economic property of...

Persistent link: https://www.econbiz.de/10009195490

Gender Promotion Differences in Economics Departments in Japan: A Semi-parametric Duration Analysis

Takahashi, Shingo; Takahashi, Ana Maria - Graduate School of International Relations, … - 2009

By using a unique data set of academic economists in Japanese universities, we conduct the first detailed study of gender differences in the duration of promotion within Japanese academia. We employ a duration model that simultaneously allows: a non-parametric estimation of the baseline hazard...

Persistent link: https://www.econbiz.de/10010627396

Spousal Tax Deduction, Social Security System and the Labor Supply of Japanese Married Women

Takahashi, Shingo; Kawade, Masumi; Kato, Ryuta Ray - Graduate School of International Relations, … - 2009

Japanese spousal tax deduction and social security system cause a piecewise linear and discontinuous budget constraint … different segments of the non-linear budget constraint. The effects of tax and social security system on the labor supply … differences in the labor supply behavior of women who choose different segments of the budget constraint. The wage elasticity of …

Persistent link: https://www.econbiz.de/10010627431

Labor Supply of Japanese Married Women: Sensitivity Analysis and a New Estimate

Takahashi, Shingo; Kawade, Masumi; Kato, Ryuta Ray - Graduate School of International Relations, … - 2009

endogenous selection between different segments of the non-linear and often discontinuous budget constraint in a joint maximum … choose different segments of the budget constraint. In particular, the wage elasticity of women who work within the 1 …

Persistent link: https://www.econbiz.de/10010627449