Showing 1 - 10 of 12
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...
Persistent link: https://www.econbiz.de/10010878430
health care and primary and secondary education programs in developing countries are not well targeted, but their incidence …
Persistent link: https://www.econbiz.de/10005248221
linking social spending, human capital, and growth in a system of equations. The paper finds that both education and health … spending have a positive and significant direct impact on the accumulation of education and health capital, and thus can lead …
Persistent link: https://www.econbiz.de/10005263905
Persistent link: https://www.econbiz.de/10005264274
This paper constructs an efficiency-adjusted public capital stock series and re-examines the public capital and growth relationship for 52 developing countries. The results show that public capital is a significant contributor to economic growth. Although the estimated coefficient for the income...
Persistent link: https://www.econbiz.de/10009327877
This paper studies the cyclical behavior of public spending on health and education in 150 countries during 1987 - 2007 …. It finds that spending on education and health is procyclical in developing countries and acyclical in developed … countries. In addition, education and health expenditures follow an asymmetric pattern in developing countries; they are …
Persistent link: https://www.econbiz.de/10008727788
We examine the short- and long-term movements of government spending relative to output in 51 countries. We find that in the short term, the main components of government spending increase with output in about half of the sample countries, with some variation across spending categories and...
Persistent link: https://www.econbiz.de/10005826560
This paper studies the effects of fiscal policy response in 118 episodes of systemic banking crisis in advanced and emerging market countries during 1980-2008. It finds that timely countercyclical fiscal measures contribute to shortening the length of crisis episodes by stimulating aggregate...
Persistent link: https://www.econbiz.de/10008528701
The reform of fiscal policies and institutions lies at the heart of structural adjustment in developing countries. Although the immediate aim of such reform is to reduce fiscal imbalances to achieve macroeconomic stability, the long-term goal is to secure more durable improvements in fiscal...
Persistent link: https://www.econbiz.de/10005590939
Exchange rate reforms in developing countries have often aimed at floating the exchange rate in an attempt to unify the official and parallel markets for foreign exchange. This paper examines the anticipatory dynamics associated with such reforms. The analysis shows that if the future unified...
Persistent link: https://www.econbiz.de/10005605084