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The U.S. national savings rate has declined in the 1980s, with both public and private components falling. This paper … discusses that decline and whether a policy response is needed. The drop in the private savings rate appears to reflect factors … national savings. Illustrative calculations based on two alternative frameworks indicate that a net national saving rate …
Persistent link: https://www.econbiz.de/10014395902
This report assesses the Observance of Standards and Codes on Fiscal Transparency for the Republic of Kazakhstan. The fiscal reporting and dissemination of information in Kazakhstan has already achieved a sound level of practice, and can be built upon with relatively little further effort....
Persistent link: https://www.econbiz.de/10005591169
This paper assesses the link between public investment and economic growth in Burkina Faso. It also evaluates Burkina Faso's external competitiveness by using a comparison of REER to its equilibrium levels and a survey-based assessment of overall competitiveness. The report attempts to quantify...
Persistent link: https://www.econbiz.de/10014405524
Through the provision of both social and economic infrastructure, public investment can serve as an important catalyst for economic growth. A significant body of theoretical and empirical research underscores the positive relationship between investment in high-quality public infrastructure and...
Persistent link: https://www.econbiz.de/10014408539
Public investment supports the delivery of key public services, connects citizens and firms to economic opportunities, and can serve as an important catalyst for economic growth. After three decades of decline, public investment has begun to recover as a share of GDP in emerging markets (EMs)...
Persistent link: https://www.econbiz.de/10014408564
This paper reports on findings from eight pilot country studies on public investment that were carried out during the second half of 2004. The pilot country studies covered a diverse group of countries. Specifically, they included countries in Latin America (Brazil, Chile, Colombia, and Peru),...
Persistent link: https://www.econbiz.de/10014409802
In some countries, corrupt politicians appear to choose investment projects based on the opportunity for bribes and kickbacks these projectspresent. This paper contends that such corruption increases the numberof capital projects undertaken and trends to enlarge their size andcomplexity. The...
Persistent link: https://www.econbiz.de/10014409386
This Joint Staff Advisory Note reviews the National Socio-Economic Development Plan (NSEDP) 2006–10 and the Annual Progress Report for Lao People’s Democratic Republic (PDR). The government of PDR approved the Sixth NSEDP 2006–10 (PRSP) in June 2006. The NSEDP provides a...
Persistent link: https://www.econbiz.de/10011244811
The report on the Netherlands on the Observance of Standards and Codes discusses the fiscal transparency module and the Aide-Mémoire regarding the fiscal framework. The roles and responsibilities of and within government are, in general, clearly defined and, in many areas, the Netherlands sets...
Persistent link: https://www.econbiz.de/10011245667
This 2013 Article IV Consultation highlights that recent macroeconomic developments in The Federal Democratic Republic of Ethiopia are encouraging, with a significant deceleration in inflation and continued robust economic growth. Despite significant decline in coffee prices and supply...
Persistent link: https://www.econbiz.de/10011245705