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The Ararat Fiscal Strategy Model : A Structural Framework for Fiscal Policy Analysis in Armenia
Babajanyan, Victoria; Baksa, Daniel; Fukac, Martin; … - 2022
This paper presents an overview of the Ararat Fiscal Strategy Model (AFSM), which is a structural, New-Keynesian, DSGE, small open economy model with a rich fiscal block that includes several expenditure and revenue instruments, and types of debt. The AFSM is now a formal part of the Ministry of...
Persistent link: https://www.econbiz.de/10014081629
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Convergence in government spending components in EU15 : a spatial econometric perspective
Maleševic Perović, Lena; Golem, Silvia; Mihaljević … - In: Amfiteatru economic : an economic and business research … 18 (2016) 42, pp. 240-254
This paper contributes to the empirical literature on convergence by applying convergence model to components of …, we extend the traditional convergence model to allow for spatial correlation between countries in the sample, by … Education. More precisely, half-life convergence for Defence occurs in 6.37 years, for Health in 3.11 years and for Education in …
Persistent link: https://www.econbiz.de/10011843010
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An assessment of the first round impact of innovation industries on Europe's regional economies
Otoiu, Adrian; Bere, Ramona; Silvestru, Cătălin - In: Amfiteatru economic : an economic and business research … 19 (2017) 44, pp. 289-301
This paper attempts to give an economic perspective of the impact of the innovation industries. The estimation method used is that of panel data modelling, based on data from regions from European countries, including countries from Central and Eastern Europe, for which exploratory analysis was...
Persistent link: https://www.econbiz.de/10011797068
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The convergent evolution of Romania's Gross Domestic Product in relation to the average macro-economic result of the European Union countries
Necula, Raluca; Stoian, Mirela; Drăghici, Manea - In: Amfiteatru economic : an economic and business research … 18 (2016) 43, pp. 575-591
the Europe 2020 Strategy. As provided in the Convergence Programme 2014-2020, this objective entails a series of steps … are calculated, using linear and quadratic functions, the Gross Domestic Product GDP trends, and, with the convergence …
Persistent link: https://www.econbiz.de/10011841832
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Analysis of economic growth in tourism under the impact of terrorism and of the waves of refugees
Butnaru, Gina Ionela; Mironiuc, Marilena; Huian, Carmen; … - In: Amfiteatru economic : an economic and business research … 20 (2018) 12, pp. 885-904
. The techniques used are σ and β convergence tests, combined with the deterministic sensitivity analysis. The sample …
Persistent link: https://www.econbiz.de/10014474837
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Australia's Fiscal Framework : Revisiting Options for a Fiscal Anchor
Dizioli, Allan - 2018
convergence, aiming at encouraging countercyclical fiscal policy and minimizing the cost in terms of real GDP foregone in the …
Persistent link: https://www.econbiz.de/10012929922
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Investing in Electricity, Growth, and Debt Sustainability : The Case of Lesotho
Andreolli, Michele - 2016
This paper analyses a large public investment in a construction of a hydropower plant in Lesotho and its implications on the growth and debt sustainability. The paper employs an open economy dynamic general equilibrium model to assess the benefits of a large public investment through...
Persistent link: https://www.econbiz.de/10012977843
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Collect More, Spend Better : Public Investment in Asian Frontier Markets
Ghazanchyan, Manuk - 2017
We use a dynamic small open economy model to explore the macroeconomic impact of alternative public investment scaling-up scenarios, analyzing how improving the efficiency of capital spending and of tax revenue collection affect growth and debt sustainability for three fast-growing Southeast...
Persistent link: https://www.econbiz.de/10012962142
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Pressing the Indian Growth Accelerator : Policy Imperatives
Mohan, Rakesh - 2015
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 acceleration of investment in transport and infrastructure....
Persistent link: https://www.econbiz.de/10013024439
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Efficient Energy Investment and Fiscal Adjustment in Senegal
Issoufou, Salifou - 2014
Senegal's fiscal deficit and public debt have been on the rise in recent years owing partly to an ailing and inefficient oil-based energy sector. In this paper we use a two-sector, open-economy, dynamic general equilibrium model to investigate the effects of varying fiscal policy instruments one...
Persistent link: https://www.econbiz.de/10013055672