Showing 1 - 10 of 1,746
We identify structural breaks in economic growth in 140 countries and use these to define ""growth spells:"" periods of high growth preceded by an upbreak and ending either with a downbreak or with the end of the sample. Growth spells tend to be shorter in African and Latin American countries...
Persistent link: https://www.econbiz.de/10014401753
This paper investigates the dynamic impact of natural resource discoveries on government debt sustainability. We use a … presource curse', id est, natural resources can jeopardize fiscal sustainability even before 'the first drop of oil is pumped …
Persistent link: https://www.econbiz.de/10013170580
Climate change is a major threat to the sustainability and inclusiveness of our societies, and to the planet …-challenged world, and the importance of infrastructure investment geared toward such systems changes. The key policies to enable the … and innovation policies, building resilience and adaptation, better measurement of well-being and sustainability, and …
Persistent link: https://www.econbiz.de/10012612346
Swiss growth performance in the past quarter century has been mediocre. The paper finds that conditional income convergence contributes significantly to slow growth and the poor performance of the domestically oriented sectors has been a drag on growth. However, slow growth is not inescapable....
Persistent link: https://www.econbiz.de/10014401512
Strong Chinese output growth after the Global Financial Crisis was supported by booming credit. This credit boom carries risks. International experience suggests that China's credit growth is on a dangerous trajectory, with increasing risks of a disruptive adjustment and/or a marked growth...
Persistent link: https://www.econbiz.de/10011799612
Persistent link: https://www.econbiz.de/10010359872
Senegal's fiscal deficit and public debt have been on the rise in recent years owing partly to an ailing and inefficient oil-based energy sector. In this paper we use a two-sector, open-economy, dynamic general equilibrium model to investigate the effects of varying fiscal policy instruments one...
Persistent link: https://www.econbiz.de/10014411199
sustainability for three fast-growing Southeast Asian economies: Cambodia, Sri Lanka, and Vietnam. We show that a gradual public … challenge of addressing large infrastructure gaps while maintaining debt sustainability …
Persistent link: https://www.econbiz.de/10011716457
This paper analyzes the link between public investment, economic growth and debt sustainability in Sierra Leone using … recurrent costs and ensure debt sustainability. A more ambitious increase in public investment would entail more fiscal …
Persistent link: https://www.econbiz.de/10014275798
Theory predicts that a nation''s stochastic intertemporal budget constraint is satisfied if net exports (NX) and net foreign assets (NFA) satisfy an error-correction specification with a residual integrated of any finite order. We test this hypothesis using data for 21 industrial and 29 emerging...
Persistent link: https://www.econbiz.de/10014402804