Showing 1 - 10 of 19
, financial reforms that ended decades of financial repression, and a massive privatization program. We investigate the role … played by ideas, interests and institutions. More specifically, we examine the role played by the 'reform team' investigate …
Persistent link: https://www.econbiz.de/10012472294
This paper deals with the reform to labor market regulation implemented by Chile during the last twenty years. We … concentrate on the reform to job security, on the decentralization of the wage bargaining process, and on the reduction in payroll …' to U.S' levels. We argue that the reduction of payroll taxes (within the context of the social security reform), and the …
Persistent link: https://www.econbiz.de/10012471121
sequencing of reform. I also investigate the role played by current account and fiscal imbalances, contagion, international …
Persistent link: https://www.econbiz.de/10012464263
success of trade liberalization is assessed. Important questions related to the sequencing of economic reform are discussed in … detail, with particular emphasis on the proper sequencing of stabilization and trade reform policies. The extent of trade … reform in Latin America is also discussed. The analysis concentrates on the evolution of productivity and exports, and it …
Persistent link: https://www.econbiz.de/10012474147
We analyze the way in which social security privatization reform affects labor market outcomes. We develop a model of … side by side. According to our model, a social security reform that reduces the implicit tax on labor in the formal sector …
Persistent link: https://www.econbiz.de/10012469790
Using bootstrap panel analysis, allowing for cross-country correlation, without the need of pre-testing for unit roots, we study the causality between government spending and revenue for the EU in the period 1960-2006. We find spend-and-tax causality for Italy, France, Spain, Greece, and...
Persistent link: https://www.econbiz.de/10010276304
We evaluate the impact of government spending efficiency on fiscal sustainability for a panel of 35 OECD countries during the period of 2007-2020. To answer our research question we first compute the magnitude of the responses of government revenues to changes in government spending. Next, we...
Persistent link: https://www.econbiz.de/10013289691
In this paper we investigate erririca1ly the determinants of inflation, seigniorage an fiscal deficits in developing countries. We first test the optimal taxation theory of inflation for a grip of 21 LDCs. We find that the implications of this theory is rejected for all the countries. We then...
Persistent link: https://www.econbiz.de/10012475534
We assess the consequences of fiscal consolidation episodes on public sector efficiency (scores) for 35 OECD countries for the 2007-2020 period. We find that fiscal consolidations improve public sector efficiency and results are robust across efficiency models. Moreover, peripheral euro-area...
Persistent link: https://www.econbiz.de/10014083319
We examine the sustainability of public finances and its determinants for 19 Eurozone countries from 1995 to 2020. We conclude for the existence of panel cointegration between government revenues and expenditures; primary government balance and one-period lagged public debt-to-GDP ratio; and...
Persistent link: https://www.econbiz.de/10013296248