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"Model uncertainty hampers consensus on the key determinants of economic growth. Some recent cross-country, cross-sectional analyses have employed Bayesian Model Averaging to address the issue of model uncertainty. This paper extends that approach to panel data models with country-specific fixed...
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"This paper relaxes some key assumptions in the probabilistic approach to fiscal sustainability. First, the authors …. Second, the assumption of normality of the shocks is dropped by modeling their respective empirical distribution directly …
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This report provides a review of the Armenian mining sector, and assesses its potential to contribute to sustainable economic growth and development. Based on the findings, it provides recommendations for initiatives and actions for the future development of the sector. The report was produced...
Persistent link: https://www.econbiz.de/10012644462
also includes a special topic on fiscal sustainability of the Mongolian pension scheme. A series of parametric reforms are … recommended to improve the financial sustainability of the current pensions system, which relies heavily on budget subsidy … Mongolia's long-term fiscal sustainability …
Persistent link: https://www.econbiz.de/10013254845
Concrete literally holds the modern world together. The material and its binding agent cement comprise a key ingredient in the buildings and roads essential for development and in infrastructure critical to sustainable growth. The cement industry also generates about seven percent of the world's...
Persistent link: https://www.econbiz.de/10013255061