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Growing (Un)equal: Fiscal Policy and Income Inequality in China and BRIC+
Cevik, Serhan; Correa-Caro, Carolina - International Monetary Fund (IMF) - 2015
This paper investigates the empirical characteristics of income inequality in China and a panel of BRIC+ countries over …€”an inverted Ushaped relationship between income inequality and economic development—in China and the panel of BRIC+ countries …. In the case of China, the empirical results indicate that government spending and taxation have opposing effects on …
Persistent link: https://www.econbiz.de/10011242236
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Rising BRICs and Changes in Sub-Saharan Africa’s Business Cycle Patterns
Diallo, Oumar; Tapsoba, Sampawende J.-A. - International Monetary Fund (IMF) - 2014
This paper assesses the extent to which Sub-Saharan Africa (SSA)’s business cycle is synchronized with that of the rest of the world (RoW). Findings suggest that SSA’s business cycle has not only moved in the same direction as that of the RoW, but has also gradually drifted away...
Persistent link: https://www.econbiz.de/10011142171
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Does Economic Diversification Lead to Financial Development? Evidence From topography
Ramcharan, Rodney - International Monetary Fund (IMF) - 2006
An influential theoretical literature has observed that economic diversification can reduce risk and increase financial development. But causality operates in both directions, as a well functioning financial system can enable a society to invest in more productive but risky projects, thereby...
Persistent link: https://www.econbiz.de/10005825840
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Economic and Environmental Benefits of Eliminating Log Export Bans; The Case of Costa Rica
Kishor, Nalin M.; Mani, Muthukumara; Constantino, Luis F. - International Monetary Fund (IMF) - 2001
An increasing number of tropical timber producing nations have enacted bans on export of logs. Proponents argue that a log export ban is a second-best policy tool for addressing environmental externalities; it also creates more jobs and improves scale efficiencies domestically. Theoretical...
Persistent link: https://www.econbiz.de/10005825769
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The Complier Pays Principle; The Limits of Fiscal Approaches toward Sustainable Forest Management
Leruth, Luc E.; Paris, R.; Ruzicka, I. - International Monetary Fund (IMF) - 2000
This paper examines the role and impact of taxation on sustainable forest management. It is shown that fiscal instruments neither reinforce nor substitute for traditional regulatory approaches. Far from encouraging more sustainable forest management, fiscal instruments such as an inappropriate...
Persistent link: https://www.econbiz.de/10005768783
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Forestry Taxation in Africa; The Case of Liberia
Thomas, Saji; Schwidrowski, Arnim - International Monetary Fund (IMF) - 2005
Countries generally tax the forestry sector to achieve the twin objectives of revenue maximization and sustainability of logging levels. In an ideal world of perfect markets and information, auctions would be the best instrument to determine the price of extraction rights. However, a number of...
Persistent link: https://www.econbiz.de/10005599407
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Djibouti; Poverty Reduction Strategy Paper: Annual Progress Report
International Monetary Fund (IMF); International … - 2012
The modern economy of the Republic of Djibouti is based on rents directly or indirectly originating from the international port of Djibouti and from the country’s strategic position. The Poverty Reduction Strategy Paper discusses that the growth recorded over the last five years is...
Persistent link: https://www.econbiz.de/10011244165
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Kingdom of Lesotho; Poverty Reduction Strategy Paper, Prioritization, and Cost Matrix
International Monetary Fund (IMF); International … - 2006
This Poverty Reduction Strategy Paper for the Kingdom of Lesotho presents a determined plan in pursuance of high and sustainable equity-based economic growth. It contains medium-term objectives and strategies to address the major challenges facing the country. These challenges include employment...
Persistent link: https://www.econbiz.de/10011244168
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Cape Verde; Poverty Reduction Strategy Paper-Progress Report
International Monetary Fund (IMF); International … - 2010
The development policy of Cape Verde has evolved in a setting of severe structural constraints and persistent restrictions, with potential impediments to growth. The ongoing process of change adopts a transformation strategy closely linked to the consolidation of a democracy based on sound...
Persistent link: https://www.econbiz.de/10011244385
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Burkina Faso; Poverty Reduction Strategy Paper: Annual Progress Report
International Monetary Fund (IMF); International … - 2008
This annual progress report reviews Burkina Faso’s Poverty Reduction Strategy Papers (PRSPs). The regional integration dynamics was considered as an action variable that allowed Burkina Faso to better insert itself into the global economy. The major quantitative objectives of the revised...
Persistent link: https://www.econbiz.de/10011244452