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Reevaluating the economic benefits of the Lao People's Democratic Republic (Lao PDR)-People's Republic of China high-speed rail and its implications for fiscal stability of the Lao...

Lane, Jonathan Andrew - 2020

This paper explores the challenges created by debt and fiscal stability in countries where major infrastructure investment is proposed. This paper specifically focuses on the Lao People's Democratic Republic (Lao PDR) and the $6 billion Lao PDR-People's Republic of China (PRC) high-speed railway...

Persistent link: https://www.econbiz.de/10012289885

Growth-friendly fiscal rules? : safeguarding public investment from budget cuts through fiscal rule design

Ardanaz, Martín; Cavallo, Eduardo A.; Izquierdo, Alejandro - 2020

We show that some types of fiscal rules can mitigate the well-known procyclical bias in public capital expenditures. Past research has found that fiscal adjustment episodes coincide with large public investment cuts, a pattern we also document in a sample of 75 advanced and emerging economies...

Persistent link: https://www.econbiz.de/10012167402

Landlockedness and economic development : analyzing subnational panel data and exploring mechanisms

Jetter, Michael; Mösle, Saskia; Stadelmann, David - 2017

This paper revisits the hypothesis that landlocked regions are systematically poorer than regions with ocean access, using panel data for 1,527 subnational regions in 83 nations from 1950-2014. This data structure allows us to exploit within-country-time variation only (e.g., regional variation...

Persistent link: https://www.econbiz.de/10011750132

Fiscal transfers and economic convergence

Capella-Ramos, João; Checherita-Westphal, Cristina; … - 2020

Economic and Monetary Union (EMU) and increase its resilience, inter alia, by speeding up economic convergence. The impact of … transfers in real and business cycle convergence at a regional level. The paper distinguishes between net fiscal transfers – a … provides evidence that net fiscal transfers have contributed to income redistribution across regions and to faster convergence …

Persistent link: https://www.econbiz.de/10012319164

Haushaltsgesetz 2024 des Landes Nordrhein-Westfalen : Stellungnahme zum Gesetzentwurf der Landesregierung, Drucksache 18/5000

Hentze, Tobias; Kauder, Björn - 2023 - Stand: Oktober 2023

Über dem Haushaltsentwurf der nordrhein-westfälischen Landesregierung für das Jahr 2024 schwebt die Schuldenbremse. Im Grunde kommt das Verbot der strukturellen Neuverschuldung auf Länderebene das erste Mal zum Tragen, nachdem die regulären Grenzen im Zeitraum von 2020 bis 2023 ausgesetzt...

Persistent link: https://www.econbiz.de/10014384276

The output effects of fiscal consolidations : does spending composition matter?

Ardanaz, Martin; Cavallo, Eduardo A.; Izquierdo, Alejandro - 2021

This paper studies whether changes in the composition of public spending affect the macroeconomic consequences of fiscal consolidations. Based on a sample of 44 developing countries and 26 advanced economies during 1980-2019, results show that while fiscal consolidations tend to be on average,...

Persistent link: https://www.econbiz.de/10014516596

Do fiscal rules undermine public investments? : a review of empirical evidence

Blesse, Sebastian; Dorn, Florian; Lay, Max - 2023

Fiscal rules are a frequent policy measure to restrict deficit-taking among incumbent politicians. In times of increased and sustained investment needs to mitigate the consequences of climate change, and to promote the digital and structural transformation, fiscal rules have become subject to...

Persistent link: https://www.econbiz.de/10014279327

Fiscal rules: challenges and reform opportunities for emerging markets

Ardanaz, Martin; Cavallo, Eduardo A.; Izquierdo, Alejandro - 2023

Fiscal rules have gained popularity as tools to strengthen debt sustainability by constraining policy discretion. However, their track record in the case of emerging markets is mixed, as setting up a fiscal rule has been no guarantee of debt stabilization. International experience and empirical...

Persistent link: https://www.econbiz.de/10014471228

Persistence in real exchange rate convergence

Stengos, Thanasēs; Yazgan, Mustafa Ege - 2012

Persistent link: https://www.econbiz.de/10009571570

Global aging and economic convergence : a real option or still a case of science fiction?

Dalen, Hendrik P. van - 2007

How does global aging affect the convergence in global economic development? Both the developing and developed world …

Persistent link: https://www.econbiz.de/10011372996