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Democratic Republic of the Congo; Joint Staff Advisory Note
International Monetary Fund (IMF); International … - 2013
This Joint Advisory Note on the Democratic Republic of the Congo discusses economic growth and employment-creating sectors. The agriculture and mining sectors are projected to continue their expansion, while simultaneously raising labor productivity and freeing up labor. The urban population is...
Persistent link: https://www.econbiz.de/10011243111
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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
The measurement of the efficiency of public education expenditure using parametric and non-parametric methods has … the efficiency of secondary education spending in emerging and developing economies. The approach accounts for the impact … of the level of development on education outcomes by constructing different efficiency frontiers for lower- and higher …
Persistent link: https://www.econbiz.de/10011242208
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What Happens to Social Spending in IMF-Supported Programs?
Nozaki, Masahiro; Clements, Benedict J.; Gupta, Sanjeev - International Monetary Fund (IMF) - 2011
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/10010790478
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China; Does Government Health and Education Spending Boost Consumption?
Barnett, Steven; Brooks, Ray - International Monetary Fund (IMF) - 2010
saving and increased consumption. The main findings are that spending on health, but not education, had an impact on …
Persistent link: https://www.econbiz.de/10008561091
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Taxation and Development: Again
Keen, Michael - International Monetary Fund (IMF) - 2012
Issues of taxation and development, which have long been a central concern of the IMF, have attracted wider and renewed interest in the last few years. This paper reflects on three broad lessons of experience: that developing countries differ vastly in tax matters, and in ways that are less than...
Persistent link: https://www.econbiz.de/10011142024
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What Determines Government Spending Multipliers?
Müller, Gernot; Meier, André; Corsetti, Giancarlo - International Monetary Fund (IMF) - 2012
This paper studies how the effects of government spending vary with the economic environment. Using a panel of OECD countries, we identify fiscal shocks as residuals from an estimated spending rule and trace their macroeconomic impact under different conditions regarding the exchange rate...
Persistent link: https://www.econbiz.de/10011142087
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Fiscal Policy over the Election Cycle in Low-Income Countries
Ebeke, Christian; Ölcer, Dilan - International Monetary Fund (IMF) - 2013
Focusing on Low-Income Countries, we investigate the behavior of fiscal variables during and after elections. The results indicate that during election years, government consumption significantly increases and leads to higher fiscal deficits. During the two years following elections, the fiscal...
Persistent link: https://www.econbiz.de/10011142099
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Can a Government Enhance Long-Run Growth by Changing the Composition of Public Expenditure?
Ormaechea, Santiago Acosta; Morozumi, Atsuyoshi - International Monetary Fund (IMF) - 2013
-income countries). Using dynamic panel GMM estimators, we find that a reallocation involving a rise in education spending has a …
Persistent link: https://www.econbiz.de/10011142172
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Long-Term Trends in Public Finances in the G-7 Economies
Schaechter, Andrea; Cottarelli, Carlo - International Monetary Fund (IMF) - 2010
Today’s record public debt levels in most advanced economies are not only a direct fall-out from the global crisis. Public debt had ratcheted up over many decades before, when it had been used, in most of the G-7 countries, as the ultimate shock absorber—rising in bad times but not...
Persistent link: https://www.econbiz.de/10011142218
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Targeting, Cascading, and Indirect Tax Design
Keen, Michael - International Monetary Fund (IMF) - 2013
This paper addresses two fundamental issues in indirect tax design. It first revisits the case for reduced rates on items especially important to the poor, establishing conditions under which even very crudely targeted spending measures better serve their interests. It then explores the welfare...
Persistent link: https://www.econbiz.de/10011123815