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Political Institutions, State Building, and Tax Capacity : Crossing the Tipping Point

Gaspar, Vítor - 2017

An empirical finding by Gaspar, Jaramillo and Wingender (2016) shows that once countries cross a tax-to-GDP threshold of around 12¾ percent, real GDP per capita increases sharply and in a sustained manner over the following decade. In this paper, we attempt via four case studies - Spain, China,...

Persistent link: https://www.econbiz.de/10012965070

Income and Democracy : Lipset's Law Revisited

Hoeffler, Anke - 2013

We revisit Lipset's law, which posits a positive and significant relationship between income and democracy. Using … dynamic and heterogeneous panel data estimation techniques, we find a significant and negative relationship between income and … democracy: higher/lower incomes per capita hinder/trigger democratization. Decomposing overall income per capita into its …

Persistent link: https://www.econbiz.de/10013086006

6 1/2 Decades of Global Trade and Income : 'New Normal' or 'Back to Normal' after GTC and GFC?

Rumbaugh, Thomas - 2016

Global merchandise trade expanded rapidly over the last 6 1/2 decades and its relationship with global income has seen … exports and income. The paper estimates trade and income elasticities using ADL models taking account of structural breaks … and income are in a 'new normal' or only 'back to (an old) normal' after the GTC and GFC …

Persistent link: https://www.econbiz.de/10012977826

Trade and Income in the Long Run : Are There Really Gains, and are They Widely Shared?

Cerdeiro, Diego - 2017

and inequality. Our cross-country estimates for trade's impact on real income areconsistently positive and significant … over time. At the same time, we do not find anystatistical evidence that more trade increases aggregate measures of income …

Persistent link: https://www.econbiz.de/10012942337

Fiscal Policy Response to External Crises : The Case of Moldova 1998-2010

Qehaja, Driton - 2013

External shocks pose major challenges to fiscal policy makers through lower output and large fiscal imbalances. This paper analyzes the case of Moldova, which faced parallel crises a decade apart: the Russian crisis of 1998 and the global financial crisis of 2008-2009. The country went through...

Persistent link: https://www.econbiz.de/10014155824

The Fiscal Stance in Japan : A Model-Based Analysis

Fournier, Jean-Marc; Hisanaga, Takuma; Nguyen, Anh D.M - 2022

This paper assesses Japan’s fiscal stance in the past and the future with a stochastic structural model called the Buffer-Stock Model of the Government. Our retrospective analysis suggests that the fiscal stance in the 1990s and the early 2000s was overall looser than the model...

Persistent link: https://www.econbiz.de/10014077412

Fiscal Multipliers During Pandemics

Kinda, Tidiane; Lengyel, Andras; Chahande, Kaustubh - 2022

Many countries have deployed substantial fiscal packages to cushion the economic fallout from the COVID-19 pandemic. A historical look at past pandemics and epidemics highlights concomitant public sector support in response to health crises. This paper assesses how fiscal multipliers could vary...

Persistent link: https://www.econbiz.de/10014079424

Fiscal Multipliers during Pandemics

Kinda, Tidiane; Lengyel, Andras; Chahande, Kaustubh - 2022

Persistent link: https://www.econbiz.de/10014079978

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

Tracking Economic and Financial Policies During COVID-19 : An Announcement-Level Database

Kirti, Divya; Liu, Yang; Martínez Pería, María Soledad; … - 2022

We introduce a new comprehensive announcement-level database tracking the extraordinary fiscal, monetary, prudential, and other policies that countries adopted in response to Covid-19. The database provides detailed information, including sizes where available, for 28 granular policies adopted...

Persistent link: https://www.econbiz.de/10014082213