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Public debt through the ages
Eichengreen, Barry; ElGanainy, Asmaa Adel; Esteves, Rui … - 2019
We consider public debt from a long-term historical perspective, showing how the purposes for which governments borrow have evolved over time. Periods when debt-to-GDP ratios rose explosively as a result of wars, depressions and financial crises also have a long history. Many of these episodes...
Persistent link: https://www.econbiz.de/10012001483
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Fiscal decentralization and the efficiency of public service delivery
Sow, Moussé Ndoye; Razafimahefa, Ivohasina Fizara - 2015
This paper explores the impact of fiscal decentralization on the efficiency of public service delivery. It uses a stochastic frontier method to estimate time-varying efficiency coefficients and analyzes the impact of fiscal decentralization on those efficiency coefficients. The findings indicate...
Persistent link: https://www.econbiz.de/10011281949
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Uganda : Managing More Effective Decentralization
Brosio, Giorgio - 2006
This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to...
Persistent link: https://www.econbiz.de/10014400265
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A Noteon the Public Choice Approach to the Growth in Government Expenditure
International Monetary Fund - 1988
The paper applies an empirical model, based on the economic theory of public choice, to the Group of Seven countries. It is discovered: (a) that deficit financing does appear to contribute to increased real government spending; (b) that the demand for government services as a whole does not...
Persistent link: https://www.econbiz.de/10014395824
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Local Service Provision in Selected Oecd Countries : Do Decentralized Operations Work Better?
Ahmad, Ehtisham - 2008
There is a widespread presumption that decentralization improves public service provision. This has led to policy prescriptions that are assiduously adhered to by countries and international. This paper reviews the recent evidence from OECD countries-which is seen to be inconclusive. This...
Persistent link: https://www.econbiz.de/10014401683
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Demographics, pension systems and the saving-investment balance
Chai, Hua; Kim, Jun-il - 2018
This paper studies the effect of demographic change on national saving, global interest rates, and international capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations model to illustrate the channels through which demographic...
Persistent link: https://www.econbiz.de/10011978553
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Trade uncertainty and investment in the euro area
Ebeke, Christian; Siminitz, Jesse - 2018
We analyze the impact of trade policy uncertainty on investment in the euro area. Our identification strategy assumes … that countries that are relatively more dependent on global trade networks exhibit a higher sensitivity of investment with … respect to trade uncertainty. We find that the investment-to-GDP ratio is on average 0.8 percentage points lower for five …
Persistent link: https://www.econbiz.de/10011978678
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Assessing DSGE models with capital accumulation and indeterminacy
Khramov, Vadim - 2012
Persistent link: https://www.econbiz.de/10009572356
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Determinants of corporate investment in China : evidence from cross-country firm level data
Geng, Nan; N'Diaye, Papa M'B. P. - 2012
Persistent link: https://www.econbiz.de/10009572374
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Does the business environment affect corporate investment in India?
Tokuoka, Kiichi - 2012
Since the global financial crisis, corporate investment has been weak in India. Sluggish corporate investment would not …, this paper analyzes the reasons for the slowdown and discusses how India can boost corporate investment, using both macro … investment but that they do not appear to account fully for recent weak performance, suggesting a key role of the bu …
Persistent link: https://www.econbiz.de/10009572430