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Fiscal Policy Implications for Labor Market Outcomes in Middle-Income Countries

Lemus, Antonio - 2015

Many governments have initiated public employment programs or expanded the existing ones in response to high unemployment. However, in many middle-income countries, a relatively large government coexists with persistently high unemployment. This paper explores the question of whether public...

Persistent link: https://www.econbiz.de/10013036636

Local Ownership as Private Information: Evidence on the Monitoring-Liquidity Trade-Off

Gaspar, José-Miguel; Massa, Massimo - C.E.P.R. Discussion Papers - 2004

This Paper investigates the impact of ownership patterns on the way the firm is monitored, on the liquidity of its … selection discount required by less informed investors to trade, reducing the firm’s liquidity. Both effects are properly … prices, but the lower liquidity induced by their presence tends to reduce prices. …

Persistent link: https://www.econbiz.de/10005497985

Structural Reforms and Productivity Growth in Emerging Market and Developing Economies

Dabla-Norris, Era - 2016

This paper empirically assesses the role of structural and institutional reforms in driving productivity growth across countries at different stages of development, using a distance-to-frontier framework. It gauges whether particular policies and reforms matter more for increasing productivity...

Persistent link: https://www.econbiz.de/10012996099

Fiscal Consequences of Terrorism

Cevik, Serhan - 2016

This paper provides an empirical analysis of how the frequency and severity of terrorism affectgovernment revenue and expenditure during the period 1970-2013 using a panel dataset on153 countries. We find that terrorism has only a marginal negative effect on tax revenueperformance, after...

Persistent link: https://www.econbiz.de/10013002155

Revisiting the Concept of Dollarization : The Global Financial Crisis and Dollarization in Low-Income Countries

Mwase, Nkunde - 2015

The economic literature has examined deposit dollarization in nominal terms, typically focusing on the ratio of foreign currency deposits to broad money. However, while private agent demand for foreign currency may remain unchanged in foreign currency terms, there could be large fluctuations in...

Persistent link: https://www.econbiz.de/10013027669

Economic Development, Inequality and War : Humanitarian Emergencies in Developing Countries

Nafziger, Estel Wayne; Auvinen, Juha Yrjö - 2003

Economic Development, Inequality and War shows how economic decline, income inequality, pervasive rent seeking by ruling elites, political authoritarianism, military centrality and competition for mineral exports contribute to war and humanitarian emergencies. Economic regress and political...

Persistent link: https://www.econbiz.de/10012054382

Corporate Governance in Developing Economies : Country Studies of Africa, Asia and Latin America

McGee, Robert W. (contributor) - 2009

Persistent link: https://www.econbiz.de/10013521055

Liquidity and Inefficient Investment

Hart, Oliver; Zingales, Luigi - C.E.P.R. Discussion Papers - 2013

We study the role of fiscal policy in a complete markets model where the only friction is the non-pledgeability of human capital. We show that the competitive equilibrium is constrained inefficient, leading to too little risky investment. We also show that fiscal policy following a large...

Persistent link: https://www.econbiz.de/10011084716

Debt Reduction, Fiscal Adjustment, and Growth in Credit-Constrained Economies

Baldacci, Emanuele - 2013

This paper assesses the effects of fiscal consolidations associated with public debt reduction on medium-term output growth during periods of private debt deleveraging. The analysis covers 107 countries and 79 episodes of public debt reduction driven by discretionary fiscal adjustments during...

Persistent link: https://www.econbiz.de/10013071366

Making Fiscal Space Happen : Managing Fiscal Policy in a World of Scaled-Up Aid

Heller, Peter - 2007

Debt relief and the scaling up of aid to low-income countries should allow for greater fiscal space for expenditure programs to create long-term growth and lower poverty rates. But designing a suitable medium-term fiscal framework that fosters a sustainable delivery of better public services and...

Persistent link: https://www.econbiz.de/10012777965

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