Showing 1 - 10 of 301
applies to Angola the fiscal framework developed in Berg and others (forthcoming) that incorporates investment inefficiency …
Persistent link: https://www.econbiz.de/10014409430
This paper assesses the implications of the use of oil revenue for public investment on growth and fiscal sustainability in Cameroon. We develop a dynamic stochastic general equilibrium model to analyze the effects of such investment on growth and on the path of key fiscal indicators, such as...
Persistent link: https://www.econbiz.de/10014409427
This paper proposes an integrated approach to fiscal policy analysis in oil producing countries (OPCs) geared towards addressing their unique and complex policy challenges. First, an accurate assessment of the fiscal stance in OPCs can be obscured by large and volatile oil revenue flows. Second,...
Persistent link: https://www.econbiz.de/10012677747
applies to Angola the fiscal framework developed in Berg et al. (forthcoming) that incorporates investment inefficiency and …
Persistent link: https://www.econbiz.de/10011242209
The recent development literature stresses that countries that receive large revenues from natural resource endowments typically raise less revenue from domestic taxation, and that this creates governance problems because the lower domestic tax effort reduces the incentive for the public...
Persistent link: https://www.econbiz.de/10014409045
Despite the criticality of tax administration (TA) reforms in enhancing domestic revenue mobilization, few studies have attempted to quantify the revenue impact of such reforms. This paper fills this gap by estimating the revenue yields associated with various tax administration capabilities,...
Persistent link: https://www.econbiz.de/10015058942
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
Clearing Conditions and Identities -- III. Equilibrium and Calibration -- A The CEMAC Region -- B Angola -- IV. Investing with … application: sustainable investing approach -- 5 CEMAC application: investing without a Resource Windfall -- 6 Angola application …: conservative vs. aggressive scaling-up under sustainable investing -- 7 Angola application: conservative vs. aggressive scaling …
Persistent link: https://www.econbiz.de/10012690162
This paper studies the optimal public investment decisions in countries experiencing a resource windfall. To do so, we use an augmented version of the Permanent Income framework with public investment faced with adjustment costs capturing the associated administrative capacity as well as...
Persistent link: https://www.econbiz.de/10012690171
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