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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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Macroeconomic Effects of Climate Change in an Aging World
Thakoor, Vimal - 2022
Climate and demographic changes are two major long-term trends that are evolving simultaneously. The global population is aging, while climate change is increasing the frequency and severity of weather-related disasters and lowering productivity. This paper examines the macroeconomic effects of...
Persistent link: https://www.econbiz.de/10015059886
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Monetary Policy Analysis and Forecasting in the World Economy
Vitek, Francis - 2009
This paper develops a panel unobserved components model of the monetary transmission mechanism in the world economy, disaggregated into its fifteen largest national economies. This structural macroeconometric model features extensive linkages between the real and financial sectors, both within...
Persistent link: https://www.econbiz.de/10012677496
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Social spending in Korea : can it foster sustainable and inclusive growth?
Elekdaǧ, Selim Ali - 2012
Going forward, Korea faces two closely related challenges: sustaining economic growth against the backdrop of a rapidly aging population and ameliorating income inequality. This paper argues that a gradual increase in social spending could promote more sustainable and inclusive growth in Korea....
Persistent link: https://www.econbiz.de/10009659803
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Public investment, growth, and debt sustainability : putting together the pieces
Buffie, Edward E.; Berg, Andrew; Pattillo, Catherine A.; … - 2012
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
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Eye of the Storm: The Impact of Climate Shocks on Inflation and Growth
Cevik, Serhan - 2023
What is the impact of climate change on inflation and growth dynamics? This is not a simple question to answer as climate shocks tend to be ubiquitous, but with opposing effects simultaneously on demand and supply. The extent of which climate-related shocks affect inflation and economic growth...
Persistent link: https://www.econbiz.de/10015059496
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Fueling or Following Growth? Causal Effects of Capital Inflows on Recipient Economies
End, Nicolas - 2024
Identifying the causal impact of capital inflows on growth and development has been a perennial challenge. This paper proposes a new way to investigate the effect of capital flows on recipient emerging and developing economies, using shift-share instruments and correcting for indirect flows. It...
Persistent link: https://www.econbiz.de/10015058746
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The Growth and Stabilization Properties of Fiscal Policy in Malaysia
Rafiq, Sohrab - 2013
This paper examines the size of the fiscal multiplier values generated in Malaysia. The results show that a government spending shock leads to broad positive economic effects. Although, the effectiveness of fiscal policy alters across macroeconomic states. The estimates show that since the Asian...
Persistent link: https://www.econbiz.de/10014409432
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Pension Reforms in Japan.
Kashiwase, Kenichiro - 2012
This paper analyzes various reform options for Japan's public pension in light of large fiscal consolidation needs of …Cover -- Contents -- Abstract -- I. Introduction -- II. The Pension System and Past Reforms in Japan -- III. Pension … Contribution Rates -- D. Reducing Preferential Treatments -- IV. Conclusion -- Tables -- 1. Japan: Options to Reduce Government for …
Persistent link: https://www.econbiz.de/10012690157
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Chronicle of a decline foretold : has China reached the Lewis Turning Point?
Das, Mitali; N'Diaye, Papa M'B. P. - 2013
China is on the eve of a demographic shift that will have profound consequences on its economic and social landscape …, along with anecdotes of rapidly rising migrant wages and episodic labor shortages, has raised questions about whether China … labor shortage economy. Crossing this threshold will have far-reaching implications for both China and the rest of …
Persistent link: https://www.econbiz.de/10009706770