Showing 1 - 10 of 201
Many arguments that have been advanced in favor of maintaining capital controls within the EC have not paid sufficient attention to the welfare consequences of this type of market intervention. Our paper provides a simple, optimizing framework in which the welfare consequences of capital...
Persistent link: https://www.econbiz.de/10014396039
In addition to transferring about 16 percent of GDP from exporters to importers, Uzbekistan’s quasi-fiscal multiple exchange rate regime generates identifiable welfare losses of 2-8 percent of GDP on import markets and up to 15 percent on export markets. These excess burdens have increased...
Persistent link: https://www.econbiz.de/10014399812
The paper proposes a new welfare-based measure to evaluate the distributive effects of public programs. The proposed measure differs from traditional approaches in two important ways: first, it is based on life-cycle considerations, since most public expenditure programs have an intertemporal...
Persistent link: https://www.econbiz.de/10014396379
investment critically depends on its efficiency. Comparing the value of public capital (input) and measures of infrastructure … percent. The economic dividends from closing this efficiency gap are substantial: the most efficient public investors get …
Persistent link: https://www.econbiz.de/10014408564
or may not improve economic efficiency …
Persistent link: https://www.econbiz.de/10014400822
competitive and efficient banking sector. Measured by various indicators, efficiency of banking intermediation has been improving …
Persistent link: https://www.econbiz.de/10011244565
It is widely perceived that competition in the Indian banking sector has increased since the inception of the financial sector reforms in 1992. Using annual data on scheduled commercial banks for the period 1996-2004, the paper evaluates the validity of this claim in the Indian context. The...
Persistent link: https://www.econbiz.de/10005825694
The paper assesses the degree of banking competition and efficiency in Italy?over time as well as compared to that in … highcost, high-income system, particularly with respect to retail/services, and efficiency gains have yet to fully materialize … dealing with weak banks and other merger and acquisition reviews focus on stability and competition objectives. …
Persistent link: https://www.econbiz.de/10005769248
-run economic growth (G-20, 2014).2 However, the economic and social impact of public investment crucially depends on its efficiency … empirical studies of the determinants of public investment efficiency. This paper explores the link between public investment … management (PIM) institutions and the efficiency of public investment for the G-20 countries. Based on the analysis from a recent …
Persistent link: https://www.econbiz.de/10014408539
The paper assesses the degree of banking competition and efficiency in Italy?over time as well as compared to that in … highcost, high-income system, particularly with respect to retail/services, and efficiency gains have yet to fully materialize … dealing with weak banks and other merger and acquisition reviews focus on stability and competition objectives …
Persistent link: https://www.econbiz.de/10014400137