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Public Investment as an Engine of Growth
Warner, Andrew M. - 2014
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/10012690573
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Fiscal Sustainability
Tanner, Evan - 2013
This paper critically reviews recent work regarding the sustainability of public debt. It argues that Debt Sustainability Analyses (DSAs) should be more than mere mechanical simulation exercises. Instead, a DSA should be linked to some objective regarding the distribution of fiscal burdens and...
Persistent link: https://www.econbiz.de/10012689867
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Measures of Fiscal Risk in Hydrocarbon-Exporting Countries.
Caceres, Carlos - 2012
The recent relatively high levels of global oil prices have led to a significant improvement in the public finances of several hydrocarbon-exporting countries. However, despite the increase in fiscal buffers, medium-term risks remain high. Fiscal vulnerabilities have increased as a consequence...
Persistent link: https://www.econbiz.de/10012690163
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Fiscal Policy and the Government Balance Sheet in China
Lam, Waikei - 2023
In this paper, we present the most comprehensive estimates of China's government balance sheet to date. Based on these estimates, we show how major shifts in fiscal policy over the last two decades have shaped the health of the public sector prior to the Covid-19 pandemic. We find that, at...
Persistent link: https://www.econbiz.de/10015059248
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The Fiscal Stance in Japan: A Model-based Analysis
Fournier, Jean-Marc - 2022
This paper assesses Japan's fiscal stance in the past and the future with a stochastic structural model called the …
Persistent link: https://www.econbiz.de/10015060166
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The Big Split: Why Did Output Trajectories in the ASEAN-4 Diverge after the Global Financial Crisis?
Isnawangsih, Agnes; Klyuev, Vladimir; Zhang, Longmei - International Monetary Fund (IMF) - 2013
impact on more open economies (Malaysia and Thailand). Second, countercyclical fiscal stimulus in Indonesia and the … Philippines was larger and was sustained longer. Third, idiosyncratic factors pushed output up in Indonesia and down in Thailand …, however, was not uniform. Even in a relatively homogenous group of countries such as ASEAN-4 (Indonesia, Malaysia, the …
Persistent link: https://www.econbiz.de/10010790382
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Infrastructure and Income Distribution in ASEAN-5; What are the Links?
Seneviratne, Dulani; Sun, Yan - International Monetary Fund (IMF) - 2013
Adequate infrastructure has long been viewed as an important factor in economic development. Based on regressions covering 76 advanced and emerging market economies, this paper estimates the impact of infrastructure and investment on income distribution. It finds that better infrastructure, both...
Persistent link: https://www.econbiz.de/10011242245
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Explaining ASEAN-3’s Investment Puzzle A Tale of Two Sectors
Zhou, Yong Sarah - International Monetary Fund (IMF) - 2013
. Empirical results based on macro and firm-level data from Indonesia, Malaysia, and Thailand (ASEAN-3) support this hypothesis. …The prolonged investment decline in post-Asian crisis emerging Asia, in contrast to the swift recovery of economic …
Persistent link: https://www.econbiz.de/10011142140
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Tax Administration Reform and Fiscal Adjustment : The Case of Indonesia (2001-07)
Brondolo, John - 2008
Indonesia's tax reform cum fiscal adjustment experience since 2001. The paper describes Indonesia's fiscal adjustment strategy … priorities are identified for Indonesia's ongoing efforts to strengthen tax administration …
Persistent link: https://www.econbiz.de/10014410921
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Fiscal foresight and information flows
Leeper, Eric M.; Walker, Todd B.; Yang, Shu-Chun S. - 2012
News - or foresight - about future economic fundamentals can create rational expectations equilibria with non-fundamental representations that pose substantial challenges to econometric efforts to recover the structural shocks to which economic agents react. Using tax policies as a leading...
Persistent link: https://www.econbiz.de/10009618558