Showing 1 - 10 of 1,034
What is the impact of climate change on inflation and growth dynamics? This is not a simple question to answer as climate shocks tend to be ubiquitous, but with opposing effects simultaneously on demand and supply. The extent of which climate-related shocks affect inflation and economic growth...
Persistent link: https://www.econbiz.de/10015059496
A common dilemma facing governments around the world is how to meet the sizeable fiscal costs of providing and … maintaining infrastructure networks. Over the past decade, developed and developing countries have looked to fiscal rules … instruments to raise additional finance for infrastructure investment. This paper looks at the range of options for raising the …
Persistent link: https://www.econbiz.de/10014409074
A common dilemma facing governments around the world is how to meet the sizeable fiscal costs of providing and … maintaining infrastructure networks. Over the past decade, developed and developing countries have looked to fiscal rules … instruments to raise additional finance for infrastructure investment. This paper looks at the range of options for raising the …
Persistent link: https://www.econbiz.de/10012677684
With limited financing options, increasing investment efficiency will be a critical avenue to building infrastructure … scores for a wide range of countries employing metrics of infrastructure quantity and utilization. We find that efficiency … inefficiencies could increase infrastructure output by 55 percent overall, when averaging across 12 estimation approaches …
Persistent link: https://www.econbiz.de/10015059445
This paper examines the size of the fiscal multiplier values generated in Malaysia. The results show that a government spending shock leads to broad positive economic effects. Although, the effectiveness of fiscal policy alters across macroeconomic states. The estimates show that since the Asian...
Persistent link: https://www.econbiz.de/10014409432
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/10009618586
EU enlargement has stalled since the last member joined over ten years ago, marking the longest period without expansion since 1973. This elapsed time contrasts with the potential income gains membership promises. Drawing on the biggest EU enlargement in 2004 and employing a synthetic...
Persistent link: https://www.econbiz.de/10015328022
This paper looks at the empirical record whether big infrastructure and public capital drives have succeeded in …
Persistent link: https://www.econbiz.de/10012690573
Identifying the causal impact of capital inflows on growth and development has been a perennial challenge. This paper proposes a new way to investigate the effect of capital flows on recipient emerging and developing economies, using shift-share instruments and correcting for indirect flows. It...
Persistent link: https://www.econbiz.de/10015058746
dangers and reasons for India's growth slowdown and proposes policy reforms for sustaining fast growth …
Persistent link: https://www.econbiz.de/10009620975