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The Investment-Financing-Growth Nexus: The Case of Liberia
Clark, Will; Rosales, Manuel - International Monetary Fund (IMF) - 2013
Liberia is facing large infrastructure gaps and developmental needs that constrain the country’s growth potential. The … investment in infrastructure and human capital. Fiscal space remains constrained by rigidities in current spending and the …
Persistent link: https://www.econbiz.de/10010790418
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Mauritius The Drivers of Growth—Can the Past be Extended?
Svirydzenka, Katsiaryna; Petri, Martin - International Monetary Fund (IMF) - 2014
Mauritius’s economic performance has been called “the Mauritian miracle†and the “success of Africa†(Romer, 1992; Frankel, 2010; Stiglitz, 2011), despite difficult initial conditions that led a Nobel Prize Winner in economics to predict stagnation (Meade, 1961). We use growth...
Persistent link: https://www.econbiz.de/10011142138
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Future of Asia’s Finance: How Can it Meet Challenges of Demographic Change and Infrastructure Needs?
Ding, Ding; Lam, Raphael W.; Peiris, Shanaka J. - International Monetary Fund (IMF) - 2014
demographics and infrastructure investment needs. Enhancing financial innovation and integration in the region could facilitate … intra-regional financial flows and mobilize resources from the aging savers in industrialized Asia to finance infrastructure … emerging Asia. Finally, financial deepening could help ease the potential overheating from scaling up infrastructure investment …
Persistent link: https://www.econbiz.de/10011142192
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Making the Most of Public Investment in MENA and CCA Oil-Exporting Countries
Albino-War, Maria A; Cerovic, Svetlana; Grigoli, Francesco - International Monetary Fund (IMF) - 2014
exporters. This has prompted questions about the efficiency of public investment in generating growth and closing infrastructure … may simply lead to larger budget deficits, without sufficiency increasing the quantity or quality of public infrastructure …
Persistent link: https://www.econbiz.de/10011105405
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Fiscal Vulnerabilities and Risks from Local Government Finance in China
Zhang, Yuanyan Sophia; Barnett, Steven - International Monetary Fund (IMF) - 2014
, however, was mainly in the form of off-budget infrastructure spending and thus not visible in the headline fiscal data. We …
Persistent link: https://www.econbiz.de/10011123859
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Afghanistan; Balancing Social and Security Spending in the Context of Shrinking Resource Envelope
Aslam, Aqib; Berkes, Enrico; Fukac, Martin; Menkulasi, Jeta - International Monetary Fund (IMF) - 2013
For Afghanistan, the dual prospect of declining donor support and high ongoing security spending over the medium term keeps the government budget tight. This paper uses a general equilibrium model to capture the security-development tradeoff facing the government in its effort to rehabilitate...
Persistent link: https://www.econbiz.de/10011242233
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Infrastructure and Income Distribution in ASEAN-5; What are the Links?
Seneviratne, Dulani; Sun, Yan - International Monetary Fund (IMF) - 2013
Adequate infrastructure has long been viewed as an important factor in economic development. Based on regressions … covering 76 advanced and emerging market economies, this paper estimates the impact of infrastructure and investment on income … distribution. It finds that better infrastructure, both quality and quantity, promotes income equality, while the link between …
Persistent link: https://www.econbiz.de/10011242245
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Investment Scaling-up and the Role of Government: the Case of Benin
Ghilardi, Matteo; Sola, Sergio - International Monetary Fund (IMF) - 2015
This paper studies the fiscal implications for the Beninese economy of scaling up of public investment when the government is subject to inefficiencies on the spending and on the tax collection side. While scaling up of public investments results in higher long-run output and consumption levels,...
Persistent link: https://www.econbiz.de/10011242315
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Natural Resources, Volatility, and Inclusive Growth; Perspectives From the Middle East and North Africa
Nabli, Mustapha K.; Arezki, Rabah - International Monetary Fund (IMF) - 2012
This paper takes stock of the economic performance of resource rich countries in the Middle East and North Africa (MENA) over the past forty years. While those countries have maintained high levels of income per capita, they have performed poorly when going beyond the assessment based on...
Persistent link: https://www.econbiz.de/10011242320
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Public Investment, Growth, and Debt Sustainability; Putting together the Pieces
Berg, Andrew; Portillo, Rafael; Buffie, Edward F.; … - International Monetary Fund (IMF) - 2012
We develop a model to study the macroeconomic effects of public investment surges in low-income countries, making explicit: (i) the investment-growth linkages; (ii) public external and domestic debt accumulation; (iii) the fiscal policy reactions necessary to ensure debt-sustainability; and (iv)...
Persistent link: https://www.econbiz.de/10011242330