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project numbers, the majority of the approved operations were in the Latin America and the Caribbean and Sub-Saharan Africa …
Persistent link: https://www.econbiz.de/10012497602
In this paper, we sought to establish whether Africa's volatile currencies drive equity risk premia. We use the SDF …. Interestingly, we find evidence that international investors are concerned about Africa's small size equity markets and build the …
Persistent link: https://www.econbiz.de/10011117801
development on economic growth in selected African countries over the period from 1990 to 2009. Using the GMM approach, results … expansion in Africa. The major and unique contribution of this study is the simultaneous investigation of the impacts of stock … attenzione all’influenza dei mercati azionari. Usando un approccio GMM (Generalised Method of Moments), i risultati suggeriscono …
Persistent link: https://www.econbiz.de/10010991492
The lignite energy industry of North Dakota has become a significant force in the state's economy since the energy crisis of the 1970s. Key economic measures of the industry's contribution to the state's economy have been estimated annually since 1982. Industry expenditures peaked in 1995 at...
Persistent link: https://www.econbiz.de/10005503676
The Indian tax reform experience can provide useful lessons for many countries due to the largeness of the country with multilevel fiscal framework, uniqueness of the reform experience and difficulties in calibrating reforms due to institutional constraints. This paper details the evolution of...
Persistent link: https://www.econbiz.de/10005528252
The challenge to the tax system to expand both the revenue base and progressively bring into the net larger number of taxpayers remains as daunting as ever. The object is not to ignore the generally beneficial impact of deregulation and tax friendly measures in providing a more conducive...
Persistent link: https://www.econbiz.de/10005528346
1) Allocating budget to the measure for the real revitalization of Japan to recover Japan’s economy and society 2) Reviewing the existing budget based on the result of evaluation by the Policy Proposing Type Screening 3) Reducing public sector’s waste thoroughly 4) Following the...
Persistent link: https://www.econbiz.de/10011133218
Several transition economies have undertaken fiscal decentralization reforms over the past two decades along with liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances, unless the right incentives are in place to promote...
Persistent link: https://www.econbiz.de/10011142008
Issues of taxation and development, which have long been a central concern of the IMF, have attracted wider and renewed interest in the last few years. This paper reflects on three broad lessons of experience: that developing countries differ vastly in tax matters, and in ways that are less than...
Persistent link: https://www.econbiz.de/10011142024
The output effects of 2009 fiscal expansions have been hotly debated. But the discussion of fiscal multipliers is even more relevant now that several European countries have had to quickly retract their stimulus measures in an effort to regain market confidence. Using regime-switching VARs we...
Persistent link: https://www.econbiz.de/10011142067