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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/10012690573
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/10010959467
the possibility of a new case of "Dutch disease." While Bolivia's economy has already seen many benefits from its higher …
Persistent link: https://www.econbiz.de/10012685001
Intro -- Contents -- I. INTRODUCTION -- II. MAGNITUDE, FINANCING, AND DISTRIBUTION OF CONSUMER SUBSIDIES -- III. COUNTRY CASE STUDIES -- IV. CONCLUDING REMARKS -- APPENDIX I. IDENTIFYING MAGNITUDE AND FINANCING OF FUEL SUBSIDIES -- APPENDIX II. EVALUATING SIZE AND DISTRIBUTION OF REAL INCOME...
Persistent link: https://www.econbiz.de/10012691148
used to estimate fiscal multipliers by policy instrument for Bolivia, to evaluate possible adjustments in a fiscal …
Persistent link: https://www.econbiz.de/10015058920
The public debt profile has improved in Bolivia in recent years, with regard to both the maturity structure and the … currency composition. This paper analyzes changes in the public debt profile in Bolivia since 2000, and the role played by … incompleteness. We also compare the debt profile of Bolivia with those of other countries in Latin America, and find that there is …
Persistent link: https://www.econbiz.de/10014409036
the possibility of a new case of "Dutch disease." While Bolivia's economy has already seen many benefits from its higher …
Persistent link: https://www.econbiz.de/10014409037
We develop a model to study the macroeconomic effects of public investment surges in low-income countries, making explicit: (i) the investment-growth linkages; (ii) public external and domestic debt accumulation; (iii) the fiscal policy reactions necessary to ensure debt-sustainability; and (iv)...
Persistent link: https://www.econbiz.de/10009618586
This paper develops a growth model with specialized goods where inefficient and corrupt bureaucracies interact with the provision of public investment services in affecting the productivity of private capital, specialization, and growth. The model provides potential explanations for the...
Persistent link: https://www.econbiz.de/10012677815
A key challenge in government budgeting is to define an appropriate balance between current and capital expenditures. Budgeting for government capital investment also remains not well-integrated into the formal budget preparation process in many countries. This paper aims to provide an overview...
Persistent link: https://www.econbiz.de/10012677618