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is relatively high, there is limited employment of nationals in the private sector, labor productivity has declined or …-sector employment and have helped raise standards of living. However, the growth model has involved costs: the public-sector wage bill …
Persistent link: https://www.econbiz.de/10014410425
results indicate that among the many variables considered in the literature only the fiscal variables—the general government … surplus as a proportion of GDP and the ratio of government consumption to GDP—are important determinants of private savings …
Persistent link: https://www.econbiz.de/10014400163
Central government wage expenditures accounted for 7 percent of GDP in 99 countries during 1980-90 (unweighted average … countries, and small low-income economies tend to have lower central government wage expenditures as a percent of GDP. Access to … foreign financing is not; the public and publicly guaranteed foreign financing is often provided for government capital …
Persistent link: https://www.econbiz.de/10014398730
This paper discusses tax and expenditure policy reforms to raise employment. Using data for 58 advanced and emerging …. The focus is on incentives to increase labor demand and supply rather than on the impact of fiscal policy on employment … principles which should guide the design of country-specific fiscal reforms to boost employment. A comprehensive set of tables on …
Persistent link: https://www.econbiz.de/10014410536
Fiscal deficits and the public debt has grown throughout much of the postwar period in most industrialized countries under the pressure of rising public expenditure, a trend that has begun to reverse after 1992. A number of studies argue that fiscal consolidation in association with expenditure...
Persistent link: https://www.econbiz.de/10014407227
Experience shows that there is often ample room for more effective and efficient use of investment tax incentives in low-income countries. Tax incentives generally rank low in investment climate surveys in low-income countries, and there are many examples in which they are reported to be...
Persistent link: https://www.econbiz.de/10012644784
Concerns about restructuring old-age income provisions and reforming public pension schemes are an OECD-wide phenomenon. This paper highlights first the background of the reform debate. Despite the divergences in the structure of public pension schemes, the main pressures for reform are...
Persistent link: https://www.econbiz.de/10014396049
important to consolidate fiscal policy. This can be problematic because, without appropriate care, the central government …, spending, and borrowing powers to lower levels of government. Empirical evidence shows that countries with good governance have …
Persistent link: https://www.econbiz.de/10014399656
This paper describes determinants of Japan’s productivity growth, reform outputs, and speculation on future potential …
Persistent link: https://www.econbiz.de/10011245231
Although economic performance has remained good, difficulties in building consensus for institutional reform have caused an ill-affordable hiatus in economic policymaking. Robust economic activity absorbed a growing labor force and allowed the unemployment rate to decline continuously....
Persistent link: https://www.econbiz.de/10011245839