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The paper applies an empirical model, based on the economic theory of public choice, to the Group of Seven countries. It is discovered: (a) that deficit financing does appear to contribute to increased real government spending; (b) that the demand for government services as a whole does not...
Persistent link: https://www.econbiz.de/10014395824
workers employed in that sector. Workers are heterogeneous, and the public sector chooses an employment strategy that …
Persistent link: https://www.econbiz.de/10014400822
This paper argues that the development of human capital in the public sector should be an important ingredient in any proposed set of “second-generation” reforms for Africa. In the post-colonial era the quality of governance has seriously declined, and the stock of human capital in the...
Persistent link: https://www.econbiz.de/10014401612
We study the determinants of employment and wages in the public sector, using a new set of panel data for 34 LDCs and … employment is positively associated with the relaxation of resource constraints (the revenue-to-GDP ratio and foreign financing … countries and private employment for OECD countries). Certain measures of government wages are positively associated with …
Persistent link: https://www.econbiz.de/10014398143
This paper pursues several objectives. First, it presents a sketch of a positive (or real-world) theory of public sector intervention. Second, it analyzes in some detail the activity of the public sector in nine market economies of developing Asia and relates this activity to the growth of the...
Persistent link: https://www.econbiz.de/10014395758
Increasing public debt vulnerabilities in low-income developing countries (LIDCs) have heightened the need for fuller and more transparent accounting of public sector debt (PSD). The framework for reporting on public sector debt is sound. But there is room for LIDCs to further improve their...
Persistent link: https://www.econbiz.de/10014407902
Persistent link: https://www.econbiz.de/10014409880
This Selected Issues paper reviews the extent to which growth in Ethiopia has translated into higher living standards. A key feature of the economic strategy has been an explicit commitment to poverty reduction and structural transformation. This is underpinned by the vision of a...
Persistent link: https://www.econbiz.de/10011244172
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10005825219
This Joint Staff Advisory Note focuses on the Interim Poverty Reduction Strategy Paper (I-PRSP) for Sudan. I-PRSP provides a useful stock taking of the socioeconomic situation in Sudan and offers a good basis for the design and monitoring of growth and poverty reduction policies. It is the first...
Persistent link: https://www.econbiz.de/10011242919