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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
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
. Empirical results based on macro and firm-level data from Indonesia, Malaysia, and Thailand (ASEAN-3) support this hypothesis. …
Persistent link: https://www.econbiz.de/10011142140
During the first half of 2008, Sri Lanka witnessed significantly higher inflation than most other emerging Asian countries. Inflation has since declined amid declining world commodity prices and tight monetary policy. Given the sensitivity to global commodity prices, a core inflation measure...
Persistent link: https://www.econbiz.de/10012677830
Singapore's policymakers have often used fiscal policy as a counter-cyclical tool. Empirical results based on a …
Persistent link: https://www.econbiz.de/10012677713
We compare the general tax provisions and investment incentives in the Philippines to six other east-Asian economies-Malaysia …, Indonesia, Lao, Vietnam, Cambodia, and Thailand. We calculate effective tax rates and find that general effective tax rates are … relatively high in the Philippines, while investment incentives are comparable to those in neighboring countries. Tax holidays …
Persistent link: https://www.econbiz.de/10012677642
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
We compare the general tax provisions and investment incentives in the Philippines to six other east-Asian economies-Malaysia …, Indonesia, Lao, Vietnam, Cambodia, and Thailand. We calculate effective tax rates and find that general effective tax rates are … relatively high in the Philippines, while investment incentives are comparable to those in neighboring countries. Tax holidays …
Persistent link: https://www.econbiz.de/10014409054
the Philippines. Our model shows that the impact of extremely rare typhoons on GDP could already be systemic and worsen …, partly thanks to the strength of Philippines' banks and economy before the COVID crisis. However, more work is needed before …
Persistent link: https://www.econbiz.de/10015060165
This paper presents a new model for studying international capital flows and debt dynamics that emphasizes the role played by expectations concerning future trade flows and returns. I use the model to estimate the drivers of the U.S. external position and capital flows between 1973 and 2008. The...
Persistent link: https://www.econbiz.de/10009621004