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The small states of the Asia and Pacific region face unique challenges in raising their growth potential and living … and production bases, exposure to shocks, and heavy reliance on aid. Higher fixed government costs, low access to credit … often face more limited policy tools, policies do matter and can further help build resilience and raise potential growth …
Persistent link: https://www.econbiz.de/10010790232
growth, real wages and the supply of public services. Senegal does not need, however, to undertake such difficult fiscal …
Persistent link: https://www.econbiz.de/10010790369
India’s real GDP growth slipped substantially after the North Atlantic financial crisis. Return to a sustained high … growth trajectory is feasible but it will need much more focused attention to the revival of manufacturing and to the … ahead will be more difficult in view of the protracted slowdown in global growth and trade. …
Persistent link: https://www.econbiz.de/10011242441
of the stimulus and its gradual withdrawal sowed seeds for inflationary and BoP pressures and growth slowdown, then …
Persistent link: https://www.econbiz.de/10011142116
We investigate the relation between changes in tax composition and long-run economic growth using a new dataset …-income countries. To our knowledge this is the most comprehensive and up-to-date dataset on tax composition and growth. We find that … increasing income taxes while reducing consumption and property taxes is associated with slower growth over the long run. We also …
Persistent link: https://www.econbiz.de/10011242194
growth-friendly fiscal reforms. …
Persistent link: https://www.econbiz.de/10011142132
Over the past two years, the IMF staff has been developing a new multicountry macroeconomic model called the Global Economy Model (GEM). This paper explains why such a model is needed, how GEM differs from its predecessor model, and how the new features of the model can improve the IMF’s...
Persistent link: https://www.econbiz.de/10005590952
This study aims to test within a relatively homogeneous group of small states what differentiates the growth … lower initial incomes, and slower population growth have helped offset some of these disadvantages. On balance, policy …-related factors, together with geography-related disadvantages, have led to growth rates in PICs that are much lower than in other …
Persistent link: https://www.econbiz.de/10011242206
markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the post-crisis peak of 2010-11, as … growth rates seen in the last decade or whether their prospects are dimmer than thought a few years ago. This SDN we will … explore the drivers of the slowdown, how changes in external conditions that supported high growth in EMs will affect them …
Persistent link: https://www.econbiz.de/10010878427
The need to revive Euro area growth highlights the importance of the evolution of domestic and external demand in the …
Persistent link: https://www.econbiz.de/10010959463