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Transparent public financial management at the subnational level requires institutions and processes that mirror those needed at the central government level, in order to generate better accountability and competition among different subnational governments, critical elements in ensuring good...
Persistent link: https://www.econbiz.de/10014400743
This paper offers possible explanations for three generally observed facts about fiscal policy and development: (F1) The relative size of government increases as an economy develops, (F2) The rise in government and taxation are associated with rising or constant economic growth rates, and (F3)...
Persistent link: https://www.econbiz.de/10014401748
Persistent link: https://www.econbiz.de/10011281986
This paper investigates the empirical characteristics of income inequality in China and a panel of BRIC+ countries over …-an inverted Ushaped relationship between income inequality and economic development-in China and the panel of BRIC+ countries. In … the case of China, the empirical results indicate that government spending and taxation have opposing effects on income …
Persistent link: https://www.econbiz.de/10014412042
Persistent link: https://www.econbiz.de/10010359884
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/10014411198
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014395956
This paper focusses on income inequality in Asia, its drivers and policies to combat it. It finds that income inequality has risen in most of Asia, in contrast to many regions. While in the past, rapid growth in Asia has come with equitable distribution of the gains, more recently fast-growing...
Persistent link: https://www.econbiz.de/10011445358
To monitor fiscal sustainability, this paper proposes a recursive algorithm derived from the law of motion of the debt-to-GDP ratio, subject to a government reaction function that links convergence to the targeted debt ratio with primary fiscal surpluses. Based on quarterly estimates of this...
Persistent link: https://www.econbiz.de/10014400141
This study examines the effects of selected policies on economic efficiency in 81 developing countries by pooling cross-country data over various subperiods between 1961-90. An incremental output-capital ratio is the measure of economic efficiency, while the policy variables include: export...
Persistent link: https://www.econbiz.de/10014398177