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Corruption, Public Investment, and Growth
Tanzi, Vito - 1997
Corruption, particularly political or “grand” corruption, distorts the entire decision-making process connected with public investment projects. The degree of distortions is higher with weaker auditing institutions. The evidence presented shows that higher corruption is associated with (i)...
Persistent link: https://www.econbiz.de/10014401205
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Product Variety and Economic Growth : Empirical Evidence for the Oecd Countries
Funke, Michael - 2000
This paper uses panel data for 19 OECD countries and finds support for the hypothesis that a greater degree of product variety relative to the United States helps to explain relative per capita GDP levels. The empirical work relies upon some direct measures of product variety calculated from...
Persistent link: https://www.econbiz.de/10014399925
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Monetary Growth and Exchange Rate Depreciation As Causes of Inflation in African Countries : An Empirical Analysis
Canetti, Elie - 1991
This paper examines the relative importance of monetary growth and exchange rate depreciation as causes of inflation in … autoregression (VAR) analysis suggest that both monetary expansion and exchange rate adjustments cause inflation in a number of these … countries. However, the failure of the tests to attribute the bulk of the variance in inflation in most of the countries to …
Persistent link: https://www.econbiz.de/10014396232
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The Output-Inflation Nexus in Ukraine : Is there a Trade-Off?
Ghosh, Atish R. - 1996
This paper examines whether expansionary credit policy can help sustain output growth in transition economies, with particular reference to Ukraine’s experience since 1992. We find that, while real credit growth is indeed associated with higher output growth, an increase in the growth rate of...
Persistent link: https://www.econbiz.de/10014395883
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The Impact of Fiscal Policy Variableson Output Growth
Gerson, Philip R. - 1998
This paper surveys the theoretical and empirical literature on the relationship between taxation and public expenditure and economic growth. Particular attention is paid to the effect of taxation and government expenditure on the supply and productivity of labor and physical capital. Studies...
Persistent link: https://www.econbiz.de/10014400103
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Tax Composition and Growth : A Broad Cross-Country Perspective
Acosta Ormaechea, Santiago - 2012
We investigate the relation between changes in tax composition and long-run economic growth using a new dataset covering a broad cross-section of countries with different income levels. We specifically consider 69 countries with at least 20 years of observations on total tax revenue during the...
Persistent link: https://www.econbiz.de/10014395597
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Effective trade costs and the current account : an empirical analysis
Boz, Emine; Li, Nan; Zhang, Hongrui - 2019
A view receiving increased support is that the height of trade costs in prime export sectors has a strong effect on current account balances: countries specializing in sectors that face relatively high trade costs, such as services, tend to run current account deficits, and similarly, countries...
Persistent link: https://www.econbiz.de/10012001519
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Does Inflation Targeting Matter?
Sheridan, Niamh - 2003
This paper asks whether inflation targeting improves economic performance, as measured by the behavior of inflation …, output, and interest rates. We compare 7 OECD countries that adopted inflation targeting in the early 1990s to 13 that did … is no evidence that inflation targeting improves performance …
Persistent link: https://www.econbiz.de/10014400142
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Neglected Heterogeneity and Dynamics in Cross-Country Savings Regressions
International Monetary Fund - 1999
This paper examines the extent to which conclusions of cross-country studies of private savings are robust to allowing for the possible heterogeneity of savings behavior across countries and the inclusion of dynamics. It shows that neglecting heterogeneity and dynamics can lead to misleading...
Persistent link: https://www.econbiz.de/10014400163
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Cyclical Effects of the Composition of Government Purchases
Aziz, Jahangir - 1997
This paper constructs a general equilibrium model with monopolistically competitive firms and endogenous markups where government spending consists of both consumption and investment goods. It is shown that when markups are countercyclical, increases in the share of investment goods in aggregate...
Persistent link: https://www.econbiz.de/10014400420