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Have Collapses in Infrastructure Spending led to Cross-Country Divergence in Per Capita GDP?

Rodriguez, Francisco - Department of Economic and Social Affairs, United Nations - 2007

This paper explores whether the post-1980 decline in infrastructure investment in developing countries is a source of growing disparities in world per capita GDP. I start by reviewing the literature on the infrastructure-productivity link, arguing that a balanced reading of previous studies...

Persistent link: https://www.econbiz.de/10005786843

Strategic Interaction in Local Fiscal Policy: Evidence from Portuguese Municipalities

Silva, Hélia; Veiga, Linda Gonçalves; Portela, Miguel - Núcleo de Investigação em Políticas Económicas … - 2011

This paper aims at testing the degree of interaction between Portuguese municipalities’ expenditure levels by estimating a dynamic panel model, based on jurisdictional reaction functions. The analysis is performed for all 278 Portuguese mainland municipalities from 1986 to 2006, using...

Persistent link: https://www.econbiz.de/10009210961

Estimating the Amount of a Global Feed-in Tariff for Renewable Electricity

DeMartino, Samantha; Blanc, David Le - Department of Economic and Social Affairs, United Nations - 2010

We present a simple model to estimate the subsidy cost embedded in a global feed-in tariff (GFIT) to simultaneously stimulate electrification and the take-up of renewable energy sources for electricity generation in developing countries. The GFIT would subsidize developing countries for...

Persistent link: https://www.econbiz.de/10008564501

Infrastructure finance in developing countries—the potential of sub-sovereign bonds

Platz, Daniel - Department of Economic and Social Affairs, United Nations - 2009

This paper sets out to explore the potential of sub-sovereign bonds in financing infrastructure in developing countries. Taking into account the historical experience of the US, it develops a supply and demand side framework for analysis of the market for sub-sovereign bonded debt in developing...

Persistent link: https://www.econbiz.de/10005034967

Elasticities of Regional and Local Administrations Expenditures - the Portuguese case

Mourão, Paulo Reis - Núcleo de Investigação em Políticas Económicas … - 2005

This work analyses the evolution of real public expenditures of local and regional administrations (LRA), in Portugsl, in the period after the Second World War. It also aims to estimate the elasticities associated to determinants, which explain the found growth. As most relevant results, it is...

Persistent link: https://www.econbiz.de/10005572449

Riding the Elephants: The Evolution of World Economic Growth and Income Distribution at the End of the Twentieth Century (1980-2000)

Berry, Albert; Serieux, John - Department of Economic and Social Affairs, United Nations - 2006

This paper presents estimates of world economic growth for 1970-2000, and changes in the intercountry and interpersonal distribution of world income between 1980 and 2000. These estimates suggest that, while the rate of growth of the world economy slowed in the 1980-2000 period, and average...

Persistent link: https://www.econbiz.de/10005786839

Asymmetry of Shocks and Convergence in Selected Asean Countries: A Dynamic Analysis

Cortinhas, Carlos - Núcleo de Investigação em Políticas Económicas … - 2006

degree of convergence could be identified over time, distinguishing between a country’s convergence with a regional partner … and a more general trend of convergence with the rest of the world. The results showed that in the majority of cases there … has been an increase in the degree of convergence of demand shocks in recent years. More importantly, it also showed an …

Persistent link: https://www.econbiz.de/10005771626

The Scorecard on Development: 25 Years of Diminished Progress

Weisbrot, Mark; Baker, Dean; Rosnick, David - Department of Economic and Social Affairs, United Nations - 2006

This paper examines data on economic growth and various social indicators and compares the past 25 years (1980-2005) with the prior two decades (1960-1980). The paper finds that the past 25 years in low- and middle-income countries have seen a sharp slowdown in the rate of economic growth, as...

Persistent link: https://www.econbiz.de/10005260027

What is the Most Effective Monetary Policy for Aid-Receiving Countries?

Prati, Alessandro; Tressel, Thierry - Department of Economic and Social Affairs, United Nations - 2006

This paper analyses how monetary policy can enhance the effectiveness of volatile aid fl ows. We find that monetary policy is effective in reducing trade balance volatility. We propose the following taxonomy, excluding the case of emergency assistance. Monetary policy should slow down...

Persistent link: https://www.econbiz.de/10005260028

Latin America and the Caribbean’s Challenge to Reach the MDGs: Financing Options and Trade-offs

Vos, Rob; Sánchez, Marco V.; Kaldewei, Cornelia - Department of Economic and Social Affairs, United Nations - 2008

The present study analyzes the determinants of improving outcomes in education, health and basic sanitation and the macroeconomic trade-offs caused by scaling up public spending for the Millennium Development Goals (MDGs), using an integrated modelling approach. At variance with other...

Persistent link: https://www.econbiz.de/10005786829