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Fiscal policy during business cycles in developing countries : the case of Africa
Leibfritz, Willi; Rottmann, Horst - 2013
Fiscal positions of African countries have improved significantly during the past decade. Higher economic growth, better terms of trade, improved donor support notably through debt relief and better control of expenditure contributed to this improvement. But at the same time government revenue...
Persistent link: https://www.econbiz.de/10010211466
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Political uncertainty, public expenditure and growth
Darby, Julia; Li, Chol-won; Muscatelli, V. Anton - 2000
impact on a government's decisions on how to allocate government expenditure between public consumption and investment. Using …
Persistent link: https://www.econbiz.de/10009781587
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On the main determinants of start-up investment in developing countries
Comincioli, Nicola; Panteghini, Paolo; Vergalli, Sergio - 2024
-up investment decisions. We find that, although tax rates are usually higher than the developed countries’ ones, taxation has an …
Persistent link: https://www.econbiz.de/10014502465
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Optimal threshold taxation : an empirical investigation for developing economies
Menescal, Lucas; Alves, José - 2022
In this empirical study we assess both linear and nonlinear relationship between total taxation and several tax items with real per capita GDP growth rates for 43 developing countries between 1990 and 2019. We use panel data techniques to evaluate the effects of taxation on economic growth for...
Persistent link: https://www.econbiz.de/10013255645
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The role of fiscal policy rating variables on economic growth in the LDCs
Afonso, António; Blanco-Arana, M. Carmen - 2024
We assess empirically the role of the World Bank’s Country Policy so-called fiscal policy rating variables (fiscal rating, debt rating and revenue rating) on economic growth in the 46 Least Developed Countries (LDCs) in the world, during the period 1990-2022. We also investigate the role of...
Persistent link: https://www.econbiz.de/10014578575
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Climate change mitigation strategies in fast-growing countries : the benefits of early action
Bosetti, Valentina; Carraro, Carlo; Tavoni, Massimo - 2009
investment behaviour is to anticipate the implementation of a climate policy by roughly 10 years. Investing in innovation ahead …
Persistent link: https://www.econbiz.de/10003872313
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International capital allocations and the Lucas Paradox redux
Chirinko, Robert S.; Mallick, Debdulal - 2019
This paper studies the marginal product of private capital (MPK) with new data and a new framework to obtain a better understanding of international capital allocations and the Lucas Paradox (LP). Our point of departure is three influential studies of MPK's and, based on the most recently...
Persistent link: https://www.econbiz.de/10012057304
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Taxation, corruption and the exchange rate regime
Hefeker, Carsten - 2009
The paper analyzes the relation between institutional quality, such as corruption, in a country and its monetary regime. It is shown that a credibly fixed exchange rate to a low inflation country, like a currency board, can reduce corruption and improve the fiscal system. A monetary union,...
Persistent link: https://www.econbiz.de/10003808666
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Harnessing windfall revenues : optimal policies for resource-rich developing economies
Ploeg, Frederick van der; Venables, Anthony - 2009
, investment, and the distribution of funds for consumption, particularly if the windfall is both anticipated and temporary. We … optimal policy involves cutting distortionary taxation in order to raise investment and wages; and where Ricardian consumers … investment in infrastructure. -- Natural resource revenue ; windfall public revenues ; risk premium on foreign debt ; public …
Persistent link: https://www.econbiz.de/10003813611
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Why is fiscal policy often procyclical?
Alesina, Alberto (contributor);  … - 2005
Many countries, especially developing ones, follow procyclical fiscal policies, namely spending goes up (taxes go down) in booms and spending goes down (taxes go up) in recessions. We provide an explanation for this suboptimal fiscal policy based upon political distortions and incentives for...
Persistent link: https://www.econbiz.de/10003201852