Showing 1 - 10 of 537
We use loan-level data on syndicated lending to a large sample of developing countries between 1993and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), controllingfor a large set of fixed effects. We find evidence of positive and significant direct and...
Persistent link: https://www.econbiz.de/10012889164
This paper examines trends in infrastructure investment and its financing in low-income developing countries (LIDCs …). Following an acceleration of public investment over the last 15 years, the stock of infrastructure assets increased in LIDCs …, even though large gaps remain compared to emerging markets. Infrastructure in LIDCs is largely provided by the public …
Persistent link: https://www.econbiz.de/10012942335
Why do governments in developing economies invest in roads and not enough in schools? In the presence of distortionary taxation and debt aversion, the different pace at which roads and schools contribute to economic growth turns out to be central to this decision. Specifically, while costs are...
Persistent link: https://www.econbiz.de/10012945687
The paper investigates the growth effects of public capital in Portugal using annual data for the period 1965-95. Both a production function and a vector autoregressive model are estimated. Public capital is shown to be a significant long-term determinant of output growth. The size of the...
Persistent link: https://www.econbiz.de/10013317961
Recent literature has explored the relationship between efficiency-adjusted public capital and economic growth. A debate on whether capital grants, and especially EU funds actually contribute to growth has gained prominence lately. This paper empirically assesses the relationship between the...
Persistent link: https://www.econbiz.de/10012948534
With limited financing options, increasing investment efficiency will be a critical avenue to building infrastructure … scores for a wide range of countries employing metrics of infrastructure quantity and utilization. We find that efficiency … inefficiencies could increase infrastructure output by 55 percent overall, when averaging across 12 estimation approaches …
Persistent link: https://www.econbiz.de/10014356351
intra-regional financial flows and mobilize resources from the aging savers in industrialized Asia to finance infrastructure … emerging Asia. Finally, financial deepening could help ease the potential overheating from scaling up infrastructure investment …There is a role for Asia's financial sector to play to address the challenges associated with the region's changing …
Persistent link: https://www.econbiz.de/10013049518
infrastructure financing. This paper looks at the role of multilateral development banks (MDBs) on the terms of syndicated loan deals …
Persistent link: https://www.econbiz.de/10012895120
Major output collapses are costly and frequent in the developing world. Using cross-country data, we classify five …
Persistent link: https://www.econbiz.de/10014260077
The paper deals with the activities of Fund staff with taxation. It is made up of four parts. Part I outlines the connection between Fund major activities and taxation. Part II surveys general influences on Fund staff with implications for tax work. Part III outlines the relationship between...
Persistent link: https://www.econbiz.de/10012781297