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A Hybrid Approach to Estimating the Efficiency of Public Spending on Education in Emerging and Developing Economies
Grigoli, Francesco - International Monetary Fund (IMF) - 2014
-income economies, especially in Africa. Reallocating expenditure to reduce student-to-teacher ratios (where these are high) and …
Persistent link: https://www.econbiz.de/10011242208
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Do IMF-Supported Programs Help Make Fiscal Adjustment More Durable?
Moon, Soojin; Bulir, Ales - International Monetary Fund (IMF) - 2003
This paper investigates fiscal developments in 112 countries during the 1990s. It finds that, while the overall fiscal balance improved in most of them, the composition of this improvement differed. In nonprogram countries, revenues increased modestly and expenditure declined sharply, while in...
Persistent link: https://www.econbiz.de/10005263802
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The Incidence and Effectiveness of Prior Actions in IMF-Supported Programs
Ramakrishnan, Uma; Thomas, Alun H. - International Monetary Fund (IMF) - 2006
Prior actions are measures that need to be implemented prior to Board approval of an IMFsupported program. This paper examines whether such prior actions can signal a willingness to implement reforms, especially when the member's track record is weak. We find some support for this signaling...
Persistent link: https://www.econbiz.de/10005768821
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How Does Conditional Aid (Not) Work?
Ramcharan, Rodney - International Monetary Fund (IMF) - 2002
Does policy conditionality worsen domestic welfare, as governments are forced to attempt unpopular reforms resulting in damaging protests, or does conditionality help implement reforms that otherwise would have been impossible? This paper analyzes these questions. Using a game-theoretic...
Persistent link: https://www.econbiz.de/10005768864
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Benin; Poverty Reduction Strategy Paper-Annual Progress Report
International Monetary Fund (IMF); International … - 2008
This paper reviews the Annual Progress Report (APR) on Poverty Reduction Strategy Paper (PRSP) on Benin. The APR presents an overview of the implementation of the strategy addressing in turn the new vision of development in Benin, the major projects initiated for the creation of national wealth...
Persistent link: https://www.econbiz.de/10011245085
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Debt Sustainability, Public Investment, and Natural Resources in Developing Countries: the DIGNAR Model
Melina, Giovanni; Yang, Shu-Chun S.; Zanna, Luis-Felipe - International Monetary Fund (IMF) - 2014
This paper presents the DIGNAR (Debt, Investment, Growth, and Natural Resources) model, which can be used to analyze the debt sustainability and macroeconomic effects of public investment plans in resource-abundant developing countries. DIGNAR is a dynamic, stochastic model of a small open...
Persistent link: https://www.econbiz.de/10011123850
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On the First-Round Effects of International Food Price Shocks: the Role of the Asset Market Structure
Portillo, Rafael; Zanna, Luis-Felipe - International Monetary Fund (IMF) - 2015
We develop a tractable small open-economy model to study the first-round effects of international food price shocks in developing countries. We define first-round effects as changes in headline inflation that, holding core inflation constant, help implement relative price adjustments. The model...
Persistent link: https://www.econbiz.de/10011242189
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Financial Decisions and Investment Outcomes in Developing Countries: The Role of Institutions
Turk, Rima - International Monetary Fund (IMF) - 2015
This paper analyzes how differences in legal origin, judicial efficiency, and investor protection affect firm leverage and earnings volatility across developing countries. Using a large number of developing countries, four main findings are highlighted. First, firms in civil legal origin...
Persistent link: https://www.econbiz.de/10011242231
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Gender Budgeting
Stotsky, Janet Gale - International Monetary Fund (IMF) - 2006
Women are disadvantaged relative to men, according to key economic, social, and political measures of equality, but in … including gender considerations in budget programs and policies. Other arguments have a weaker economic basis but may be more … socially or politically compelling. The experience to date with "gender budgeting," which entails looking at gender issues …
Persistent link: https://www.econbiz.de/10005826086
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India: Selected Issues Paper
International Monetary Fund (IMF); International … - 2015
This Selected Issues paper examines how surges in global financial market volatility spill over to emerging market economies (EMs) including India. The results suggest that a surge in global financial market volatility is transmitted very strongly to key macroeconomic and financial variables of...
Persistent link: https://www.econbiz.de/10011244601