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The Impact of External Indebtednesson Poverty in Low-Income Countries

Kalonji, Kadima D. - 2003

This paper explores the relationship between external debt and poverty. A number of observers have argued that high external indebtedness is a major cause of poverty. Using the first-differenced general method of moments (GMM) estimator, the paper models the impact of external debt on poverty,...

Persistent link: https://www.econbiz.de/10014403859

Economic Transformation, Population Growth, and the Long-Run World Income Distribution

Chamon, Marcos - 2006

This paper considers the long-run evolution of the world economy in a model where countries'' opportunities to develop depend on their trade with advanced economies. As developing countries become advanced, they further improve trade opportunities for the remaining developing countries. Whether...

Persistent link: https://www.econbiz.de/10014404231

The Global Impact of Demographic Change

Callen, Tim - 2006

The world is in the midst of a major demographic transition. This paper examines the implications of such transition over the next 80 years for Japan, the United States, other industrial countries, and the developing regions of the world using a dynamic intertemporal general equilibrium...

Persistent link: https://www.econbiz.de/10014404250

Economic Implications of China's Demographics in the 21st Century

Cheng, Kevin C. - 2003

This study assesses the economic implications of China''s changing population in the 21st century using a numerical general equilibrium model. The simulations show that lower fertility rates yield lower saving rates. Since lower fertility rates reduce the future supply of labor, capital will...

Persistent link: https://www.econbiz.de/10014404019

A Framework for Efficient Government Investment

Warner, Andrew M. - 2013

Welfare economics, scope and performance of government, externalities, public goods, cost-benefit analysis, subsidies … addresses externalities, provided the social return is above a threshold. This paper argues that another consideration needs to … be brought into the mix - whether, in spite of the externalities, the private sector has an incentive to undertake the …

Persistent link: https://www.econbiz.de/10014395371

Information Externalities Affecting the Dynamic Pattern of Foreign Direct Investment : The Case of China

Shirai, Sayuri - 1994

searching process of individual investors and the information externalities of investors in the aggregate. Policy implications …

Persistent link: https://www.econbiz.de/10014395770

The Relative Impact of Income and Consumption Taxes

International Monetary Fund - 1988

This paper examines the possibility of ascertaining the welfare changes that occur when a consumption tax replaces an equal-yield income tax. It finds that those with saving/income ratios greater than the social saving/income ratio under the income tax will surely benefit and those with ratios...

Persistent link: https://www.econbiz.de/10014395882

Externalities. Incentives, and Economic Reforms

International Monetary Fund - 1990

The paper emphasizes the role of institutions and incentives in the presence of externalities. An economy with multiple …

Persistent link: https://www.econbiz.de/10014396155

A framework for efficient government investment

Warner, Andrew M. - 2013

Persistent link: https://www.econbiz.de/10009726532

How external factors affect domestic economy : nowcasting an emerging market

Solmaz, Serhat; Taheri Sanjani, Marzie - 2015

External headwinds, together with domestic vulnerabilities, have loomed over the prospects of emerging markets in recent years. We propose an empirical toolbox to quantify the impact of external macro-financial shocks on domestic economies in parsimonious way. Our model is a Bayesian VAR...

Persistent link: https://www.econbiz.de/10011445607