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We estimate public investment gaps in a sample of developing countries using a public investment demand function. We … then use GDP per capita projections, forecasts of structural transformation, and three SDG targets (poverty, infant … mortality and lower secondary school completion) to predict public investment needs in 2030 among IDB borrowing countries. Our …
Persistent link: https://www.econbiz.de/10012049277
This paper assesses the vulnerability of Latin American and Caribbean (LAC) economies to external crises. It shows that while the average LAC economy has made significant strides to reduce vulnerability to crises to its historical minimum, there is still considerable room for improvement,...
Persistent link: https://www.econbiz.de/10014536612
Climate change is an existential threat to the world economy, with complex, evolving and nonlinear dynamics that remain a source of great uncertainty. There is a bourgeoning literature on the economic impact of climate change, but research on how climate change affects sovereign risks is...
Persistent link: https://www.econbiz.de/10014529841
We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG …'s properties by analyzing the growth, debt, and distributional consequences of big-push public investment programs with different … mixes of investment in human capital and infrastructure. We show that investment in human capital is much more effective …
Persistent link: https://www.econbiz.de/10012828060
Governments in Latin America have traditionally faced significant difficulties in issuing debt denominated in local currency in international markets. However, three countries in the region have recently issued this type of debt, perhaps signaling a permanent change in the manner in which Latin...
Persistent link: https://www.econbiz.de/10013094477
preferential access to available output, and extending control over the world's extractive industries. But Chinese investment need … countries in Latin America, Africa, and elsewhere that intend to use Chinese investment to develop their extractive sectors … difference; and third, that foreign investment is a catalyst for change …
Persistent link: https://www.econbiz.de/10013110506
billion investment. The project is expected to bring about flood of opportunities not only for the two main players but other … nations which are found to be interested in making investment. The benefits seem to be game changer and expected to raise …
Persistent link: https://www.econbiz.de/10012959987
Greece’s investment rate plunged following the Sovereign Debt Crisis (SDC) and remained one of the lowest in the world … in 2019. This paper explores recent investment dynamics and compares them against estimated benchmarks. Our results … suggest that Greece has been under-investing since the SDC, with private investment notably lagging behind. The estimated …
Persistent link: https://www.econbiz.de/10013295143
This paper examines the determinants that can explain the dynamic of structure and tax revenue from the political economy, taking the case of Latin American and the partially adopted reforms after the external debt crisis to show their pertinence, given that heterogeneity found within region's...
Persistent link: https://www.econbiz.de/10013086884
Este artículo analiza el carácter político de la tributación, lo que ayuda a explicar por qué no ha sido homogénea la adopción del modelo auspiciado por el FMI en América Latina. Toma a Colombia como caso de estudio para mostrar que las reformas tributarias están supeditadas a su...
Persistent link: https://www.econbiz.de/10013078166