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The prescription of optimally managing natural resource revenue windfalls by smoothing consumption across generations using an intergenerational sovereign wealth fund that only invests in foreign assets is not appropriate for resource-rich developing economies. It is better for these economies...
Persistent link: https://www.econbiz.de/10011654038
continuous time series data, we causally identify, using a range of approaches, that higher productivity growth leads to greater …. Countries should focus on promoting policies to boost productivity growth and thereby achieve higher savings instead of focusing …
Persistent link: https://www.econbiz.de/10012424142
Capital markets facilitate capital growth by mobilizing savings and converting them into investments, and they are … to incentivize investments; developing and implementing focused policies to support the growth of micro, small and medium … therefore a stimulant of economic growth. There is evidence that countries with high savings rates tend to grow faster. Although …
Persistent link: https://www.econbiz.de/10014322590
large-scale financing of infrastructure development, adverse impact of multiple shocks including COVID-19 pandemic, maturity …
Persistent link: https://www.econbiz.de/10014548579
and export shocks and are predicated on strong assumptions of robust future economic growth and reduced government … infrastructure gaps amid dwindling donor financing and vulnerability to exogenous shocks, particularly in light of the COVID-19 …
Persistent link: https://www.econbiz.de/10012424099
Throughout 2021, fiscal stimulus packages were introduced to jump-start the COVID-19 'post-pandemic' economic recovery process. While calls for economic recovery packages that promise to 'build back better' have come from many directions, the under-allocation of recovery resources directed at...
Persistent link: https://www.econbiz.de/10014477516
India's policy responses to the food price crisis were strong. Exports of basic staples were banned. Domestic support prices of wheat and rice were raised substantially. The urea price increases in global markets were absorbed through enhanced fertilizer subsidies. The government launched the...
Persistent link: https://www.econbiz.de/10011440664
over the past quarter century. It argues that external liberalization led to faster export growth but not to faster GDP or … productivity growth. Growth also became more volatile, reflecting large vulnerabilities to external shocks. Looking forward, it …
Persistent link: https://www.econbiz.de/10010319925
and infer the role of growth in the evolution of inequality of opportunity over time. We show that despite a reduction in …
Persistent link: https://www.econbiz.de/10011418656
This paper investigates the impact of foreign aid on economic growth in member countries of the Economic Community of … aid on economic growth among these ECOWAS countries was found to be positive and strong. Other important drivers of … economic growth include interest rate, foreign direct investment, and the level of international reserves. The results from the …
Persistent link: https://www.econbiz.de/10010343225