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Efficiency-Adjusted Public Capital, Capital Grants, and Growth

Crivelli, Ernesto - 2017

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

Trends and Challenges in Infrastructure Investment in Low-Income Developing Countries

Gurara, Daniel - 2017

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

Public Investment in a Developing Country Facing Resource Depletion

Alter, Adrian - 2016

This paper analyzes the tradeoffs between savings, debt and public investment in the Republic of Congo, a developing country with looming oil exhaustibility concerns. Our results highlight the risks to fiscal and capital sustainability of oil exporting countries from large scaling-up in public...

Persistent link: https://www.econbiz.de/10012999764

Investing to Mitigate and Adapt to Climate Change : A Framework Model

Bonen, Tony - 2017

We propose a macroeconomic model to assess optimal public policy decisions in the face of competing funding demands for climate change action versus traditional welfare-enhancing capital investment. How to properly delineate the costs and benefits of traditional versus adaption-focused...

Persistent link: https://www.econbiz.de/10012967108

Financial Intermediation Costs in Low-Income Countries : The Role of Regulatory, Institutional, and Macroeconomic Factors

Poghosyan, Tigran - 2012

We analyze factors driving persistently higher financial intermediation costs in low-income countries (LICs) relative to emerging market (EMs) country comparators. Using the net interest margin as a proxy for financial intermediation costs at the bank level, we find that within LICs a...

Persistent link: https://www.econbiz.de/10013102263

Monetary Policy Transmission in Emerging Markets and Developing Economies

Brandao-Marques, Luis - 2020

Central banks in emerging and developing economies (EMDEs) have been modernizing their monetary policy frameworks, often moving toward inflation targeting (IT). However, questions regarding the strength of monetary policy transmission from interest rates to inflation and output have often...

Persistent link: https://www.econbiz.de/10012839314

Missing Link : Volatility and the Debt Intolerance Paradox

Catão, Luis - 2006

A striking feature of sovereign lending is that many countries with moderate debt-to-income ratios systematically face higher spreads and more stringent borrowing constraints than others with far higher debt ratios. Earlier research has rationalized the phenomenon in terms of sovereign...

Persistent link: https://www.econbiz.de/10012783212

Tax Revenue Mobilization Episodes in Emerging Markets and Low-Income Countries : Lessons from a New Dataset

Akitoby, Bernardin - 2018

How do countries mobilize large tax revenue-defined as an average increase in the tax-to-GDP ratio of 0.5 percent per year over three years or more? To answer this question, we build a novel dataset covering 55 episodes of large tax revenue mobilization in low-income countries and emerging...

Persistent link: https://www.econbiz.de/10012906884

Domestic Amplifiers of External Shocks : Growth Accelerations and Reversals in Emerging Market and Developing Economies

Gruss, Bertrand - 2019

External conditions have been found to influence the tendency of emerging market and developing economies to experience episodes of growth accelerations and reversals. In this paper we study the role of domestic policies and other structural attributes in amplifying or mitigating the effect that...

Persistent link: https://www.econbiz.de/10012866906

Does Conditionality Mitigate the Potential Negative Effect of Aid on Revenues?

Crivelli, Ernesto - 2016

This paper assesses whether conditionality in IMF-supported programs has helped offset the potential negative effect of foreign aid on tax revenues. The analysis - carried out on panel data covering 1993-2012 for 111 low- and middle-income countries - shows that growing use of revenue...

Persistent link: https://www.econbiz.de/10012977821

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