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This paper looks at the empirical record whether big infrastructure and public capital drives have succeeded in accelerating economic growth in low-income countries. It looks at big long-lasting drives in public capital spending, as these were arguably clear and exogenous policy decisions. On...
Persistent link: https://www.econbiz.de/10013047972
Bolivia's 'Patriotic Agenda 2025' sets targets for social and economic development propelled by state …
Persistent link: https://www.econbiz.de/10012864116
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/10013085613
decentralization systems by examining the sequencing and economic principles underlying revenue and expenditure assignments, the use of …
Persistent link: https://www.econbiz.de/10012895109
Does fiscal decentralization improve health and educational outcomes? Does this improvement depend on the quality of … governance? How do fiscal decentralization and governance interact? We answer these questions through an instrumental variable … Tobit analysis of cross-country panel data. We find negative effects of fiscal decentralization on health outcomes, which …
Persistent link: https://www.econbiz.de/10014082215
This paper argues that corruption patterns are endogenous to political structures. Thus, corruption can be systemic and planned rather than decentralized and coincidental. In an economic system without law or property rights, a kleptocratic state may arise as a predatory hierarchy from a state...
Persistent link: https://www.econbiz.de/10012782606
With the recent jump in world oil prices, the issue of petroleum product pricing has become increasingly important in developing countries. Reflecting a reluctance of many governments to pass these price increases onto energy users, energy price subsidies are absorbing an increasing share of...
Persistent link: https://www.econbiz.de/10012779102
-our results imply that the recent fall in prices could depress GDP per capita by several percentage points. Last, we use Bolivia …
Persistent link: https://www.econbiz.de/10012960578
This paper examines the impact of the new financial services law in Bolivia-including credit quotas and interest rate …
Persistent link: https://www.econbiz.de/10012998769
This paper explores inflation dynamics and monetary policy in Bolivia. Bolivia's monetary policy framework has been …
Persistent link: https://www.econbiz.de/10012998770