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You are suffocating me! : firm-level evidence on crowding out
Cevik, Serhan - 2019
the impact of state-owned enterprises (SOEs) on private firm investment in Ukraine-a large transition economy. Controlling …
Persistent link: https://www.econbiz.de/10012019825
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Crowding-out or crowding-in? : public and private investment in India
Bahal, Girish; Raissi, Mehdi; Tulin, Volodymyr - 2015
This paper contributes to the debate on the relationship between public-capital accumulation and private investment in … the past three decades, we study whether public investment in recent years has become more or less complementary to … private investment in comparison to the period before 1980. Second, we construct a novel data-set of quarterly aggregate …
Persistent link: https://www.econbiz.de/10011445833
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Sovereign Debt Markets in Turbulent Times : Creditor Discrimination and Crowding-Out
Broner, Fernando - 2013
reallocated from the private to the public sectors, reducing investment and deepening the recessions even further. To account for …. This implies that domestic debt purchases displace productive investment. The model shows that these purchases reduce …
Persistent link: https://www.econbiz.de/10014394354
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The economic consequences of conflict in Sub-Saharan Africa
Fang, Xiangming; Kothari, Siddharth; McLoughlin, Cameron; … - 2020
Persistent link: https://www.econbiz.de/10012392097
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Fiscal consequences of terrorism
Cevik, Serhan; Ricco, John - 2015
This paper provides an empirical analysis of how the frequency and severity of terrorism affect government revenue and expenditure during the period 1970-2013 using a panel dataset on 153 countries. We find that terrorism has only a marginal negative effect on tax revenue performance, after...
Persistent link: https://www.econbiz.de/10011408259
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Is military spending converging across countries? : an examination of trends and key determinants
Clements, Benedict J.; Gupta, Sanjeev; Khamidova, Saida - 2019
This paper studies the evolution of worldwide military spending during 1970-2018. It finds that military spending in relation to GDP is converging, but into three separate groups of countries. In the largest group, responsible for 90 percent of worldwide spending, outlays have remained...
Persistent link: https://www.econbiz.de/10012103746
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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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Military Spending, the Peace Dividend, and Fiscal Adjustment
Clements, Benedict J. - 1999
The end of the Cold War has ushered in significant changes in worldwide military spending. This paper finds that the easing of (1) international tensions, (2) regional tensions, and (3) the existence of IMF-supported programs are related to lower military spending and a higher share of...
Persistent link: https://www.econbiz.de/10014401022
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How Resilient Are Military Expenditures in the Context of Fund-Supported Programs?
International Monetary Fund - 1988
This paper examines how military spending has been affected by Fund-supported programs. It looks at the changes in military expenditure as a share of gross domestic product (MIL/GDP) and of total expenditure (MIL/EX) for two subsamples of Fund-supported programs, broadly divided into fiscal...
Persistent link: https://www.econbiz.de/10014396082
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Corruption and Military Spending
International Monetary Fund - 2000
Anecdotal evidence relates corruption with high levels of military spending. This paper tests empirically whether such a relationship exists. The empirical analysis is based on data from four different sources for up to 120 countries in the period 1985–98. The association between military...
Persistent link: https://www.econbiz.de/10014399916