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This paper computes the fiscal stance in a small open economy and asses its position to relevant macroeconomic variables in order to protect the macroeconomic stability and promote development. Since 2006 change in income and tax structure shifts the implementation of fiscal policy, increasing...
Persistent link: https://www.econbiz.de/10011258610
indicators could support both endogenous and neoclassical growth theories in the convergence debate. This paper investigates … convergence in real per capita GDP and inequality adjusted human development in African countries, disaggregated into 11 … the contrary. As a policy implication, looking beyond income convergence can provide a concrete agenda for development …
Persistent link: https://www.econbiz.de/10009422021
The aim of this paper is to present a further contribution to the analysis of absolute convergence, associated with the …
Persistent link: https://www.econbiz.de/10009294946
The aim of this paper is to present a further contribution to the analysis of absolute convergence, associated with the …
Persistent link: https://www.econbiz.de/10009294954
convergence, associated with the neoclassical theory, of the sectoral productivity at regional level. …
Persistent link: https://www.econbiz.de/10009277273
The challenge for fiscal policy in Slovakia is to achieve fiscal consolidation in a way which supports the fragile recovery and protects spending on areas which are important for re-embarking on a trajectory of high trend growth and underpinning a catch-up in living standards. While the recently...
Persistent link: https://www.econbiz.de/10009711240
Despite the immense progress that has been made throughout the world in improving the quality of life through applications of technology, large proportions of the peoples of Africa still leave on less than $1.00 per day income. The seven most industrialised democracies of the world, without...
Persistent link: https://www.econbiz.de/10009294580
Has macroeconomic management succeeded in making privatization promote growth in Africa? What are the probable strategies that should accompany the privatization reform process to promote growth in Africa? To what extent has the privatization process succeeded in attracting foreign direct...
Persistent link: https://www.econbiz.de/10011186475
In this work we will analyze the spatial correlation of poverty and inequality (FGT0 and FGT1) in Bolivia using data at municipal level, we also study the determinants of poverty using a spatial autoregressive model (SAR).
Persistent link: https://www.econbiz.de/10005836470
In this paper we consider the estimation of a panel data regression model with spatial autoregressive disturbances, fixed effects and unknown heteroskedasticity. Following the work by Kelejian and Prucha (1999), Lee and Liu (2006a) and others, we adopt the Generalized Method of Moments (GMM) and...
Persistent link: https://www.econbiz.de/10008561149