Analyzing Fiscal Space Using the MAMS Model

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 spending, infrastructure spending, or both. The analysis takes place within the World Bank's MAMS model, which is a multisectoral real computable general equilibrium model that incorporates the Millennium Development Goals. The model has been calibrated for Burkina Faso, which serves as an illustrative count

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Year of publication:	2009
Authors:	Fund, International Monetary
Publisher:	Washington : International Monetary Fund
Subject:	Finanzpolitik \| Fiscal policy \| Welt \| World \| UN-Entwicklungsziele \| UN development goals \| Wirtschaftswachstum \| Economic growth \| Theorie \| Theory \| Entwicklung \| Economic development

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Extent:	Online-Ressource (107 p)
Series:	IMF Working Papers ; v.Working Paper No. 09/227 IMF working paper ; WP/09/227
Type of publication:	Book / Working Paper
Language:	English
Notes:	Description based upon print version of record Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Defining Fiscal Space; III. The Mams Model and Burkina Faso Calibration; A. Features of MAMS; B. Baseline Calibration of MAMS; 1. MAMS Baseline Calibration and IMF Forecasts; 2. Structural Change in the MAMS Baseline Simulation; 1. Factor Intensity by Sector; IV. Creating Fiscal Space; A. Prioritizing Expenditures; 3. Fiscal Space in the Prioritized Scenario; B. Increasing Aid Inflows; 4. Fiscal Space in the Aid Scenario; C. Raising Domestic Revenue; 5. Fiscal Space in the Revenue Scenario, 2007-30 D. Comparing Gains in Fiscal Space6. Comparing Fiscal Space in Priority, Aid, and Revenue Scenarios; 7. Fiscal Space and Targeted Spending Increases; E. Macroeconomic Impact; 8. Cumulative Change in Real GDP, 2007-30; 9. Real GDP, 2007-30; 10. Trade Balance and Absorption; 11. Reallocation of Factors Across Sectors in the Aid Scenario; 12. Real Exchange Rate Adjustment; F. Impact on Income Distribution; 13. Impact on Income Distribution by Household Type; G. Impact on MDGs; 14. National Poverty Rate and Food Prices; 15. Poverty Rates by Household Group; 16. Education and Health MDG Indicators V. Using Fiscal SpaceA. Human Development Spending Versus Infrastructure Spending; 17. Human Development vs. Infrastructure Spending; B. Macroeconomic Impact; 18. Real GDP Impact; 19. Balance of Payments Indicators; C. Impact on Income distribution; 20. Impact on Income Distribution by Household Type; D. Impact on MDGs; 21. Poverty Impact; 22. Education and Health MDG Indicators; VI. Lessons; I. Modeling of MDG Sectors in MAMS; II. Budget Composition in Burkina Faso; References; Footnotes
ISBN:	978-1-4518-7374-0 ; 978-1-4527-1474-5 ; 978-1-4518-7374-0
Source:	ECONIS - Online Catalogue of the ZBW

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