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The volume collects the essays presented at the 15th Workshop on Public Finance organised by Banca d'Italia in Perugia from 4 to 6 April 2013. The workshop focused on the link between fiscal policy and macroeconomic imbalances and comprised four sessions. The first session concentrated on the...
Persistent link: https://www.econbiz.de/10011277938
Some scholars have argued that direct distribution of natural resource revenues to the population would help resource-rich countries escape the “resource curse.†This discussion note analyzes whether this proposal is a viable policy alternative for resource-rich countries. The first...
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' growth prospects. But more important than whether a country can expand its public investment in infrastructure is whether it … should. Unfortunately, the results of studies on public investment's impact on growth are unclear, leading many to conclude … developing economies during 1960–2001, finds that public investment generally has a positive impact on growth. Furthermore, the …
Persistent link: https://www.econbiz.de/10013122447
The recent development literature stresses that countries that receive large revenues from natural resource endowments typically raise less revenue from domestic taxation, and that this creates governance problems because the lower domestic tax effort reduces the incentive for the public...
Persistent link: https://www.econbiz.de/10005825627
This paper investigates the political and economic determinants of successful fiscal adjustment in 25 emerging market economies from 1980 to 2001. The results show that large and back-loaded fiscal adjustments have the highest likelihood of success. Fiscal consolidations based on expenditure...
Persistent link: https://www.econbiz.de/10005825965
The impact of higher petroleum prices on the aggregate price level, real growth, and income distribution is appraised within a multisector computable general equilibrium (CGE) model. A reduction in the government subsidy raises petroleum prices and production costs throughout the economy....
Persistent link: https://www.econbiz.de/10005826502
We examine the short- and long-term movements of government spending relative to output in 51 countries. We find that in the short term, the main components of government spending increase with output in about half of the sample countries, with some variation across spending categories and...
Persistent link: https://www.econbiz.de/10005826560
This paper reexamines the relationship between aid and domestic tax revenues using a more recent and comprehensive dataset covering 118 countries for the period 1980 - 2009. Overall, our results support earlier findings of a negative association between net Official Development Assistance (ODA)...
Persistent link: https://www.econbiz.de/10011242414