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Disentangling Indiaâ€™s Investment Slowdown

Anand, Rahul; Tulin, Volodymyr - International Monetary Fund (IMF) - 2014

This paper documents the recent slowdown in investment in India and explores its underlying causes. The sharp … investment deceleration has sparked an intense debate about the role of interest rates, as well as business confidence and … economic policy uncertainty. Our results suggest that while explaining aggregate investment activity better than nominal …

Persistent link: https://www.econbiz.de/10011142175

The Political Economy of Seigniorage

Aisen, Ari; Veiga, Francisco José - International Monetary Fund (IMF) - 2005

While most economists agree that seigniorage is one way governments finance deficits, there is less agreement about the political, institutional, and economic reasons for relying on it. This paper investigates the main determinants of seigniorage using panel data on about 100 countries, for the...

Persistent link: https://www.econbiz.de/10005248308

Votingon the "Optimal" Size of Government

Olters, Jan-Peter - International Monetary Fund (IMF) - 2000

Viewing fiscal policies as the outcome of democratically resolved conflicts of households over public goods and taxes, the “economic model of politics” proposes a public choice approach, which does not rely on social welfare functions. With it, a country’s overall budget can be derived...

Persistent link: https://www.econbiz.de/10005264039

Political Instability and Growth; The Central African Republic

Ghura, Dhaneshwar; Mercereau, Benoît - International Monetary Fund (IMF) - 2004

instability on economic growth is not statistically significant, once account is taken of domestic investment, and economic growth …

Persistent link: https://www.econbiz.de/10005826324

Fiscal Consequences of Armed Conflict and Terrorism in Low- and Middle-Income Countries

Clements, Benedict J.; Gupta, Sanjeev; Chakravarti, Shamit - International Monetary Fund (IMF) - 2002

effects on tax revenues and investment. It also leads to higher government spending on defense, but this tends to be at the …

Persistent link: https://www.econbiz.de/10005769118

Social Fractionalization, Political Instability, and the Size of Government

Annett, Anthony - International Monetary Fund (IMF) - 2000

This paper explores the relationship between the degree of division or fractionalization of a country’s population (along ethnolinguistic and religious dimensions) and both political instability and government consumption, using a neoclassical growth model. The principal idea is that greater...

Persistent link: https://www.econbiz.de/10005769221

The Value of Institutions for Financial Markets; Evidence From Emerging Markets

Stratmann, Thomas; Akitoby, Bernardin - International Monetary Fund (IMF) - 2009

This paper investigates the value of political institutions for financial markets, using panel data from emerging market countries. We test the hypothesis that changes in political institutions, such as improvements in democratic rights and increased government accountability, have a direct...

Persistent link: https://www.econbiz.de/10005769291

Sri Lanka; Selected Issues and Statistical Appendix

International Monetary Fund (IMF); International … - 2005

This Selected Issues paper on Sri Lanka reviews several issues that highlight both Sri Lankaâ€™s accomplishments and their policy constraints amidst a protracted period of civil conflict and political instability. High intermediation costs have held back development of the financial sector...

Persistent link: https://www.econbiz.de/10005591666

Nepal; Selected Issues and Statistical Appendix

International Monetary Fund (IMF); International … - 2006

This Selected Issues paper examines the effect of political instability on economic growth in Nepal. It uses publicly available data on political economy variables for 167 countries worldwide from 1970â€“2004 to estimate the impact of political instability on growth. The findings reveal...

Persistent link: https://www.econbiz.de/10005599069

How Does Political Instability Affect Economic Growth?

Aisen, Ari; Veiga, Francisco José - International Monetary Fund (IMF) - 2011

The purpose of this paper is to empirically determine the effects of political instability on economic growth. Using the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods from 1960 to 2004, we find that higher degrees of...

Persistent link: https://www.econbiz.de/10008839352