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Substantial fiscal consolidation was achieved under the aegis of the 2003 Fiscal Responsibility and Budget Management Act. While deficits widened anew in 2008 and 2009, against the backdrop of the global financial and economic crisis, efforts to reduce them have resumed since. To ensure...
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Serious budgetary and fiscal deficit of the government and perilous balance of payment crises occurred in 1991, which put India into a dangerous economic and financial chasm. Therefore in 1991 India was on the threshold of bankruptcy for international payments. Consequently series of reforms...
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activities that are prominent in war-torn economies like Syria. Macroeconomic conditions in Syria have substantially deteriorated …
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Now moving into its twelfth year, the conflict in Syria has inflicted a devastating impact on the inhabitants and the …, adverse weather events, regional fragility, and macroeconomic instability. Economic conditions in Syria are projected to … in Syria has substantially impacted human lives and dramatically affected the demographic structure of its population …
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The new growth literature, using both endogenous growth and neoclassical models, has generated strong claims for the effect of national policies on economic growth. Empirical work on policies and growth has tended to confirm these claims. This paper casts doubt on this claim for strong effects...
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