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This study briefly summarizes the development experiences of special economic zones in China and Africa, the lessons that Africa can learn from China, and the preliminary results of the Chinese investments in special economic zones in Africa. The study makes recommendations on how to unleash the...
Persistent link: https://www.econbiz.de/10012564538
Industrial parks are as popular as they are controversial, in India and globally. At their best they align … contextualizes parks in India, followed by a thick case study of an innovative scheme that appears to buck the trend. This … performance is then explained by the way in which the scheme's design and action fit India's political economy. The paper …
Persistent link: https://www.econbiz.de/10012573858
states of India, from 1960 to 1996. She identifies the effect of the timing of elections using an instrument for the …
Persistent link: https://www.econbiz.de/10012571997
expenditures, as in China and India, the impact was magnified. Increases in recurrent expenditure, which were made in Brazil and … India, acted as short-term stimulants; additional public investment, as in China, appears to have had a more lasting impact … integration, resulting in differential magnitude and timing of the crisis impact. For example, coastal states in India were …
Persistent link: https://www.econbiz.de/10012559444
Special economic zones, one of the most important instruments of industrial policy in developing countries, often feature export share requirements. That is, firms located in these zones are obliged to export more than a certain stated share of their output to enjoy the wide array of incentives...
Persistent link: https://www.econbiz.de/10012570772
Special economic zones can be an effective instrument to promote industrialization if implemented properly in the right context. In China, starting in the 1980s, special economic zones were used as a testing ground for the country's transition from a planned to a market economy, and they are a...
Persistent link: https://www.econbiz.de/10012571290
Support for economic reforms has often shown puzzling dynamics: many reforms that began successfully lost public support. This paper shows that learning dynamics can rationalize this paradox because the process of revealing reform outcomes is an example of sampling without replacement. This...
Persistent link: https://www.econbiz.de/10012572509
Over the past few decades, fiscal policy has been about 30 percent more procyclical and about 40 percent more volatile in commodity-exporting emerging markets and developing economies (EMDEs) than in other EMDEs. Both procyclicality and volatility of fiscal policy-which share some underlying...
Persistent link: https://www.econbiz.de/10015198130
How should resource-dependent countries respond (fiscally) to resource price volatility? This note studies what determines revenue allocation between a "spend today" strategy and a "save now-spend tomorrow" approach in the context of the Democratic Republic of Congo. It uses a three-sector model...
Persistent link: https://www.econbiz.de/10012570812
This paper analyzes the relationship between fiscal multipliers and fiscal positions of governments using an Interactive Panel Vector Auto Regression model and a large data-set of advanced and developing economies. The methodology permits tracing the endogenous relationship between fiscal...
Persistent link: https://www.econbiz.de/10012571017