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During the global recession of 2020 food insecurity increased substantially in many countries around the world. Fortunately, the surge in food insecurity quickly came to a halt as the world economy returned to its positive growth path, despite double-digit domestic food inflation in most...
Persistent link: https://www.econbiz.de/10015328455
This paper offers possible explanations for three generally observed facts about fiscal policy and development: (F1) The relative size of government increases as an economy develops, (F2) The rise in government and taxation are associated with rising or constant economic growth rates, and (F3)...
Persistent link: https://www.econbiz.de/10012677599
We analyze the growth impact of official development assistance to developing countries. Our approach is different from that of previous studies in two major ways. First, we disentangle the effects of two kinds of aid: developmental and non-developmental. Second, our specifications allow for the...
Persistent link: https://www.econbiz.de/10012677788
The present paper investigates whether tourism specialization is a viable strategy for development. We estimate standard growth equations augmented with a variable measuring tourism specialization using instrumental variables techniques for a large cross-section of countries for the period...
Persistent link: https://www.econbiz.de/10012677835
This paper analyses economic implications and the transmission mechanisms of different options for creating and using fiscal space. For creating fiscal space, we consider prioritizing expenditures, raising revenue, and scaled-up aid. Fiscal space is used for increasing health and education...
Persistent link: https://www.econbiz.de/10012677888
Persistent link: https://www.econbiz.de/10012691090
, we first take stock of India’s growth to date. We find that economic activity has shifted from agriculture to services …, but agriculture remains the predominant employer. Catch up to the technological frontier has been uneven, with limited … progress in agriculture, but also in construction and trade, which have grown the most in terms of employment. We do find some …
Persistent link: https://www.econbiz.de/10015080244
analyzes its determinants using data on real value added by sector of economic activity (agriculture, manufacturing and …
Persistent link: https://www.econbiz.de/10010790237
This paper offers possible explanations for three generally observed facts about fiscal policy and development: (F1) The relative size of government increases as an economy develops, (F2) The rise in government and taxation are associated with rising or constant economic growth rates, and (F3)...
Persistent link: https://www.econbiz.de/10005604955
suggest that growth will depend, to a large extent, on educational investments and productivity gains in agriculture. …
Persistent link: https://www.econbiz.de/10005264099