Showing 1 - 10 of 200
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
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
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
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
, 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
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
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
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
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
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