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The Complier Pays Principle; The Limits of Fiscal Approaches toward Sustainable Forest Management

Leruth, Luc E.; Paris, R.; Ruzicka, I. - International Monetary Fund (IMF) - 2000

This paper examines the role and impact of taxation on sustainable forest management. It is shown that fiscal instruments neither reinforce nor substitute for traditional regulatory approaches. Far from encouraging more sustainable forest management, fiscal instruments such as an inappropriate...

Persistent link: https://www.econbiz.de/10005768783

Economic and Environmental Benefits of Eliminating Log Export Bans; The Case of Costa Rica

Kishor, Nalin M.; Mani, Muthukumara; Constantino, Luis F. - International Monetary Fund (IMF) - 2001

An increasing number of tropical timber producing nations have enacted bans on export of logs. Proponents argue that a … log export ban is a second-best policy tool for addressing environmental externalities; it also creates more jobs and … improves scale efficiencies domestically. Theoretical arguments suggest that log export bans are largely incapable of achieving …

Persistent link: https://www.econbiz.de/10005825769

Imperfect Competition and the Design of VAT Regimes; The Case of Energy Trade Between Russia and Ukraine

Shiells, Clinton R. - International Monetary Fund (IMF) - 2002

Under imperfect competition, Russia and Ukraine may choose to deviate from optimal tax considerations which suggest use of a destination-based VAT regime. Oil and gas trade is a major source of Russian tax revenue, which is collected partly through an origin-based VAT on intra-CIS energy trade....

Persistent link: https://www.econbiz.de/10005599379

Resource Windfalls, Macroeconomic Stability and Growth; The Role of Political Institutions

Kazimov, Kazim; Hamilton, Kirk; Arezki, Rabah - International Monetary Fund (IMF) - 2011

We use a new dataset on non-resource GDP to examine the performance of commodity-exporting countries in terms of macroeconomic stability and economic growth in a panel of up to 129 countries during the period 1970-2007. Our main findings are threefold. First, we find that overall government...

Persistent link: https://www.econbiz.de/10009151227

Trade, Growth, and Poverty; A Selective Survey

Berg, Andrew; Krueger, Anne O. - International Monetary Fund (IMF) - 2003

This survey of the recent literature asks: how important is trade policy for poverty reduction? We consider the effects of openness on poverty in two components: the effect of openness on average income growth, and the effect on distribution for a given growth rate. Evidence from a variety of...

Persistent link: https://www.econbiz.de/10005263804

Public Investment as an Engine of Growth

Warner, Andrew M. - International Monetary Fund (IMF) - 2014

This paper looks at the empirical record whether big infrastructure and public capital drives have succeeded in accelerating economic growth in low-income countries. It looks at big long-lasting drives in public capital spending, as these were arguably clear and exogenous policy decisions. On...

Persistent link: https://www.econbiz.de/10010959467

Public Investment, Public Finance, and Growth: The Impact of Distortionary Taxation, Recurrent Costs, and Incomplete Appropriability

Adam, Christopher; Bevan, David - International Monetary Fund (IMF) - 2014

Effective public investment requires governments to address the "recurrent cost problem" to ensure operations and maintenance (O&M) expenditures are sufficient to sustain the flow of productive public capital services to private factors of production. Building on the model of Buffie et al...

Persistent link: https://www.econbiz.de/10010790277

Efficient Energy Investment and Fiscal Adjustment in Senegal

Issoufou, Salifou; Buffie, Edward F.; Diop, Mouhamadou Bamba - International Monetary Fund (IMF) - 2014

Senegal's fiscal deficit and public debt have been on the rise in recent years owing partly to an ailing and inefficient oil-based energy sector. In this paper we use a two-sector, open-economy, dynamic general equilibrium model to investigate the effects of varying fiscal policy instruments one...

Persistent link: https://www.econbiz.de/10010790369

Surging Investment and Declining Aid: Evaluating Debt Sustainability in Rwanda

Clark, Will; Arnason, Birgir - International Monetary Fund (IMF) - 2014

Rwanda is a unique case among its Sub-Saharan African peers in that it has already undergone a large scaling-up of public investment. The Rwandan government has made clear its desire to lower its reliance on foreign aid while still maintaining high public investment levels. We use the model of...

Persistent link: https://www.econbiz.de/10010790412

Debt Sustainability, Public Investment, and Natural Resources in Developing Countries: the DIGNAR Model

Melina, Giovanni; Yang, Shu-Chun S.; Zanna, Luis-Felipe - International Monetary Fund (IMF) - 2014

This paper presents the DIGNAR (Debt, Investment, Growth, and Natural Resources) model, which can be used to analyze the debt sustainability and macroeconomic effects of public investment plans in resource-abundant developing countries. DIGNAR is a dynamic, stochastic model of a small open...

Persistent link: https://www.econbiz.de/10011123850