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Two Sides of the Same Coin? Rebalancing and Inclusive Growth in China
Lee, Il Houng; Syed, Murtaza H.; Wang, Xin - International Monetary Fund (IMF) - 2013
This paper uses the Shapley Value decomposition technique to assess the factors behind the rise of inequality in China. It finds that, in many ways, inequality may have been an inevitable by-product of China’s investment and export-led growth model. Between Chinese households, we find that the...
Persistent link: https://www.econbiz.de/10010790266
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Decentralizing Spending More Than Revenue; Does it Hurt Fiscal Performance?
Eyraud, Luc; Lusinyan, Lusine - International Monetary Fund (IMF) - 2011
In many countries the decentralization of spending responsibilities has outpaced the decentralization of revenue powers …
Persistent link: https://www.econbiz.de/10009327869
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Subnational Public Financial Management; Institutions and Macroeconomic Considerations
Albino-War, Maria A; Singh, Raju Jan; Ahmad, Ehtisham - International Monetary Fund (IMF) - 2005
Transparent public financial management at the subnational level requires institutions and processes that mirror those needed at the central government level, in order to generate better accountability and competition among different subnational governments, critical elements in ensuring good...
Persistent link: https://www.econbiz.de/10005599626
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Too Small to Fail? Subnational Spending Pressures in Europe
Eyraud, Luc; Badia, Marialuz Moreno - International Monetary Fund (IMF) - 2013
The purpose of this paper is to assess whether expenditure decentralization has contributed to weakening fiscal … following questions: (1) does the form of spending decentralization affect the general government fiscal balance?; (2) is there … results indicate that current decentralization models may have some shortcomings and efforts to achieve fiscal consolidation …
Persistent link: https://www.econbiz.de/10010790279
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Fiscal Policy Rules for Oil-Producing Countries; A Welfare-Based Assessment
Maliszewski, Wojciech - International Monetary Fund (IMF) - 2009
The paper presents numerical simulations of various fiscal rules for oil-producing countries. Welfare implications are sensitive to the choice of the social welfare function, initial conditions, and non-oil growth prospects. The distribution of non-oil wealth is important for countries with...
Persistent link: https://www.econbiz.de/10008528606
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Is China Over-Investing and Does it Matter?
Lee, Il Houng; Syed, Murtaza H.; Xueyan, Liu - International Monetary Fund (IMF) - 2012
Now close to 50 percent of GDP, this paper assesses the appropriateness of China’s current investment levels. It finds that China’s capital-to-output ratio is within the range of other emerging markets, but its economic growth rates stand out, partly due to a surge in investment...
Persistent link: https://www.econbiz.de/10011142176
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Budget Support Versus Project Aid
Cordella, Tito; Dell'Ariccia, Giovanni - International Monetary Fund (IMF) - 2003
Should donors who are interested in the effectiveness of developmental programs rely on conditional budget support or on project aid? To answer this question, we present a model in which only a subset of the developmental expenditures can be subject to conditionality. We show that budget support...
Persistent link: https://www.econbiz.de/10005599342
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The Investment-Financing-Growth Nexus: The Case of Liberia
Clark, Will; Rosales, Manuel - International Monetary Fund (IMF) - 2013
Liberia is facing large infrastructure gaps and developmental needs that constrain the country’s growth potential. The government has set an ambitious agenda to transform the economy and to reach middle-income country status by 2030 by scaling up investment in infrastructure and human capital....
Persistent link: https://www.econbiz.de/10010790418
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Volatility and Growth in Latin America; An Episodic Approach
Sahay, Ratna; Goyal, Rishi - International Monetary Fund (IMF) - 2006
This paper compares the pattern of macroeconomic volatility in 17 Latin American countries during episodes of high and low growth since 1970, examining in particular the role of policy volatility. Macroeconomic outcomes are distinguished from macroeconomic policies, structural reforms and...
Persistent link: https://www.econbiz.de/10005825787
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What is Really Good for Long-Term Growth? Lessons from a Binary ClassificationTree (BCT) Approach
Duttagupta, Rupa; Mlachila, Montfort - International Monetary Fund (IMF) - 2008
Although the economic growth literature has come a long way since the Solow-Swan model of the fifties, there is still considerable debate on the "real' or "deep" determinants of growth. This paper revisits the question of what is really important for strong long-term growth by using a Binary...
Persistent link: https://www.econbiz.de/10005769275