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This paper explores the hypothesis that the propensity to consume out of income varies in a non-linear fashion with …
Persistent link: https://www.econbiz.de/10008727794
Senegal's fiscal deficit and public debt have been on the rise in recent years owing partly to an ailing and inefficient oil-based energy sector. In this paper we use a two-sector, open-economy, dynamic general equilibrium model to investigate the effects of varying fiscal policy instruments one...
Persistent link: https://www.econbiz.de/10010790369
In this paper, we analyze how lack of credibility and transparency of monetary and fiscal policies undermines the effectiveness of macroeconomic policies to isolate the economy from commodity price fluctuations. We develop a general equilibrium model for a commodity-exporting economy where macro...
Persistent link: https://www.econbiz.de/10010790403
and income inequality in Brazil over the period 1995-2011. The results indicate that a tighter fiscal stance at the sub …
Persistent link: https://www.econbiz.de/10011123824
This paper examines the effect of stabilization funds on the volatility of government expenditure in resource-rich countries. Using a panel data set of 68 resource-rich countries over 1988–2012, the results find that the existence of stabilization funds contributes to smoothing government...
Persistent link: https://www.econbiz.de/10011142151
In the growth literature, evidence on income convergence is mixed. In the development literature, health and education …
Persistent link: https://www.econbiz.de/10005248134
standard CPI and a democratically weighed index (i.e., the plutocratic bias) as the product of average income, income … inequality, and the covariance between individual price indexes and a parameter related to each good's income elasticity. This …
Persistent link: https://www.econbiz.de/10005263989
Studies of the empirical relationship between income and mortality often rely on data aggregated by geographic areas … between individual mortality and lifetime income with a large micro data base of current and former retired participants in … death between low and high lifetime income are on the order of two to three years. Income-related mortality differences …
Persistent link: https://www.econbiz.de/10005264236
inflows of external income?the sum of remittances, FDI and general government transfers?from major oil-exporting economies … that real output in the long run is shaped by: (i) oil prices through their impact on external income and in turn on … the hypothesis that a large share of Jordan's output volatility can be associated with fluctuations in net income received …
Persistent link: https://www.econbiz.de/10009401201
This paper examines the dynamic relationship between trade and income. While most economists agree that increased trade … leads to an increase in average income, economic theory is ambiguous about the possible effects on the long-run growth rate … of the economy. Using a dynamic panel data model, the hypotheses of no long-run effects of trade on income and on income …
Persistent link: https://www.econbiz.de/10005769087