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Middle East Transitions : A Long, Hard Road

Yusuf, Shahid - 2014

Since the onset of the Arab Spring, economic uncertainty in Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen (Arab Countries in Transition, ACTs) has slowed already sluggish growth; worsened unemployment, particularly of youth; undermined business confidence, affected tourist arrivals, and...

Persistent link: https://www.econbiz.de/10013048367

Do Fiscal Rules Foster Fiscal Discipline in Resource-Rich Countries?

Apeti, Ablam Estel; Basdevant, Olivier; Salins, Veronique - 2023

This paper investigates the performance of fiscal rules in resource-rich countries (RRC). Using panel data for 57 commodity exporting countries from 1976 to 2021, we find that fiscal rules: (i) reduce the procyclicality of real public expenditures with terms of trade in oil exporting countries,...

Persistent link: https://www.econbiz.de/10014354588

The Impact of Fiscal Consolidations on Growth in Sub-Saharan Africa

Arizala, Francisco - 2018

This paper examines the output effects of changes in public expenditure and revenue in sub-Saharan African countries during 1990-2016. Fiscal multipliers in sub-Saharan Africa are somewhat smaller than those in advanced and emerging economies. The effect of changes in fiscal policy on output...

Persistent link: https://www.econbiz.de/10012929927

Fiscal Consolidations and Growth : Does Speed Matter?

Pennings, Steven - 2013

Should fiscal consolidations be front-loaded or proceed at a more steady pace, and how does this affect growth? We make an attempt to address this question using a three-step methodology. First, we modify a standard regression of growth on consolidation size to allow speed to affect the...

Persistent link: https://www.econbiz.de/10013071926

Cross-Country Spillovers of Fiscal Consolidations in the Euro Area

Poghosyan, Tigran - 2017

This paper revisits the issue of cross-country spillovers from fiscal consolidations using an innovative empirical methodology. We find evidence in support of fiscal spillovers in 10 euro area countries. Fiscal consolidation in one country not only reduces domestic output (direct effect), but...

Persistent link: https://www.econbiz.de/10012950411

Oil Price Shocks and Economic Growth in Oil-Exporting Countries : Does the Size of Government Matter?

Emamgholi, Amir S. Sadeghi - 2018

This paper examines the impact of government size on how output and government expenditurerespond to oil price shocks in 28 oil-exporting countries between 1990 and 2016. Results suggestthat if the size of government (measured by government expenditure-to-(non-oil) GDP ratio) islarger, non-oil...

Persistent link: https://www.econbiz.de/10012929923

Growth Forecast Errors and Fiscal Multipliers

Blanchard, Olivier J. - 2013

This paper investigates the relation between growth forecast errors and planned fiscal consolidation during the crisis. We find that, in advanced economies, stronger planned fiscal consolidation has been associated with lower growth than expected, with the relation being particularly strong,...

Persistent link: https://www.econbiz.de/10013085993

Two Sides of the Same Coin? Rebalancing and Inclusive Growth in China

Lee, Il - 2013

This paper uses the Shapley Value decomposition technique to assess the factors behind the rise of inequality in China. It finds that, in many ways, inequality may have been an inevitable by-product of China's investment and export-led growth model. Between Chinese households, we find that the...

Persistent link: https://www.econbiz.de/10013075546

The Elusive Quest for Inclusive Growth : Growth, Poverty, and Inequality in Asia

Balakrishnan, Ravi - 2013

This paper assesses how pro-poor and inclusive Asia's recent growth has been, and what factors have been driving these outcomes. It finds that while poverty has fallen across the region over the last two decades, inequality has increased, dampening the impact of growth on poverty reduction. As a...

Persistent link: https://www.econbiz.de/10013079257

Inclusive Growth and the Incidence of Fiscal Policy in Mauritius — Much Progress, But More Could Be Done

David, Antonio C. - 2013

of public expenditures and taxes. Generally, Mauritius enjoys an even income distribution and low rates of poverty … they have a negligible impact on income distribution. The VAT appears relatively progressive compared to other developing … countries, although its impact on the overall distribution is also small. With better targeting of the sizable social spending …

Persistent link: https://www.econbiz.de/10013080463

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