Showing 1 - 10 of 61
The correlation bias refers to the fact that claim subordination in the capital structure of the firm influences claim … shown that the correlation bias shifts shareholder preferences towards highly correlated assets, making financial …
Persistent link: https://www.econbiz.de/10014401318
This paper develops a public education scheme that takes uncertainty aspects of private educational investments explicitly into account. In the author’s framework, the social merits of public education schemes are related to the lack of markets in which students can insure against educational...
Persistent link: https://www.econbiz.de/10014400865
At the request of the Italian Presidency of the G7, the IMF has prepared a paper on gender-budgeting as a contribution … to the G7 initiative on equality. The paper provides an overview of gender-responsive budgeting concepts and practices in … the G7 countries. It summarizes recent trends in gender equality in G7 and advanced countries, noting that while equality …
Persistent link: https://www.econbiz.de/10014408683
This paper discusses implementation of the Poverty Reduction Strategy (PRS) in Liberia. Liberia’s PRS articulates the government’s overall vision and major strategies for moving toward rapid, inclusive, and sustainable growth and development during the period 2008–11. This...
Persistent link: https://www.econbiz.de/10011245748
This paper presents the status report on Bangladesh’s Poverty Reduction Strategy Paper (PRSP). Having prepared the Interim-PRSP (I-PRSP) in March 2003, the government of Bangladesh has set itself to a well-rounded process of preparing the full-blown PRSP by December 2004. That would...
Persistent link: https://www.econbiz.de/10005591072
Singapore’s recent economic performance has been impressive, underpinned by prudent macroeconomic management. Economic activity remains strong despite a softening in external demand. On the demand side, domestic demand strengthened driven by private consumption and investment while net...
Persistent link: https://www.econbiz.de/10011244591
This Selected Issues and Statistical Appendix paper presents cross-country regression results that identify investment in physical capital and improvements in institutional quality as having the largest pay-off in terms of increased growth. The paper employs three approaches to forecast...
Persistent link: https://www.econbiz.de/10005768431
This paper investigates the determinants of trend growth and total factor productivity (TFP) growth in the Netherlands, and underscores the importance of boosting structural reforms in the Netherlands. It examines the fiscal incentives and tax deductibility. The paper summarizes recent...
Persistent link: https://www.econbiz.de/10011242833
In this study, economic developments of India are discussed. Growth is among the fastest-growing in the world, social indicators are improving, and medium-term economic prospects are favorable. The Reserve Bank of India’s (RBI) efforts are used to tighten monetary conditions. The measures...
Persistent link: https://www.econbiz.de/10011243216
EXECUTIVE SUMMARY This report is provided to support the work of the ‘Sheshinski II’ committee in reviewing the fiscal regime for mining. Mining is, and will remain, relatively minor both as a source of government revenue and within the wider economy. Nonetheless, it is important...
Persistent link: https://www.econbiz.de/10011244789