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Optimal Taxation in the Forestry Sector in the Congo Basin : The Case of Gabon
Melhado, Oscar E. - 2007
This paper reviews forestry reform in the Congo basin, focusing on Gabon. It argues that the key challenge for the … Congo basin countries is to manage their forests in a sustainable manner. It presents the current situation of forestry … taxation and forestry reform in Gabon. The paper analyzes optimal taxation in the forestry sector using a static model. The …
Persistent link: https://www.econbiz.de/10014401158
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Forestry Taxation in Africa : The Case of Liberia
Thomas, Saji - 2005
Countries generally tax the forestry sector to achieve the twin objectives of revenue maximization and sustainability …-have limited the use of auctions so far, particularly in low-income countries. To establish transparency of the forestry sector …
Persistent link: https://www.econbiz.de/10014404209
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How green are green debt issuers?
Schmittmann, Jochen Markus; Teng, Chua Han - 2021
Green debt markets are rapidly growing while product design and standards are evolving. Many policymakers and investors view green debt as an important component in the policy mix to achieve the transition to a low carbon economy and ensure the pricing of climate risks. Our analysis contributes...
Persistent link: https://www.econbiz.de/10012605577
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Back to the future : fiscal rules for regaining sustainability in Belize
Cevik, Serhan - 2019
This paper assesses the cyclicality and sustainability of fiscal policy in Belize and applies a stochastic simulation model to determine the optimal set of fiscal rules. The empirical analysis shows that fiscal policy in Belize has been significantly procyclical and unsustainable much of the...
Persistent link: https://www.econbiz.de/10012154706
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Armenia : The Road to Sustained Rapid Growth-Cross-Country Evidence
Iradian, Garbis - 2003
This study examines the growth determinants and the economic policy challenges that Armenia faces to sustain the rapid growth of the past two years. The paper also seeks to answer the following two questions: Why has Armenia performed relatively better than other transition economies? What are...
Persistent link: https://www.econbiz.de/10014403946
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What drives interest rate spreads in Pacific Island countries? : an empirical investigation
Jamaludin, Fazurin; Kljuev, Vladimir Vladimirovič; … - 2015
Persistent link: https://www.econbiz.de/10011281182
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The macroeconomic effects of natural resource extraction : applications to Papua New Guinea
Basu, Suman; Gottschalk, Jan; Schule, Werner; Vellodi, … - 2013
Persistent link: https://www.econbiz.de/10009757316
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External adjustment in a resource-rich economy : the case of Papua New Guinea
Nakatani, Ryota - 2017
How should resource-rich economies handle the balance of payments adjustment required after commodity price declines? This paper addresses the question theoretically by developing a simple two-period multi-sector model based on Nakatani (2016) to compare different exchange rate policies, and...
Persistent link: https://www.econbiz.de/10011763833
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Growth and Productivity in Papua New Guinea
Faal, Ebrima - 2006
This paper has examined Papua New Guinea''s historical economic growth patterns through a simple growth accounting framework. The analysis shows that swings in growth are mostly accounted for by a significant slowdown in capital input and lower Total Factor Productivity (TFP) growth. It also...
Persistent link: https://www.econbiz.de/10014402972
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Political Budget Cycles in Papua New Guinea
Faal, Ebrima - 2007
This paper assesses the presence of opportunistic electoral budget cycles in Papua New Guinea. Using quarterly time series data, a clear pattern emerges of pre-election manipulations of fiscal policy by incumbent governments, mainly in the form of increased development spending and overall...
Persistent link: https://www.econbiz.de/10014401254