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The typical size distribution of manufacturing plants in developing countries has a thick left tail compared to … developed countries. The same holds across Indian states, with richer states having a much smaller share of their manufacturing … model can explain about forty percent of the cross-state variation in the left tail of manufacturing plants in India. …
Persistent link: https://www.econbiz.de/10011106152
This paper analyzes the scope for systematic rules-based fiscal activism in open economies. Relative to a balanced budget rule, automatic stabilizers significantly improve welfare. But they minimize fiscal instrument volatility rather than business cycle volatility. A more aggressively...
Persistent link: https://www.econbiz.de/10004999963