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Persistent link: https://www.econbiz.de/10011281189
Poor performance of the electricity sector remains a drag to economic efficiency and a bottleneck to economic activity in many low-income countries. This paper proposes a number of models that account for different equilibria (some better, some worse) of the electricity sector. They show how...
Persistent link: https://www.econbiz.de/10011705680
on the growth and debt sustainability. The paper employs an open economy dynamic general equilibrium model to assess the … benefits of a large public investment through growth-enhancing increase in domestic energy supply and receipts from selling …
Persistent link: https://www.econbiz.de/10011711473
This paper shows that high energy subsidies and low public social spending can emerge as an equilibrium outcome of a ….6 percentage point of GDP in countries where energy subsidies were 1 percentage point of GDP higher. Moreover, we find that the …
Persistent link: https://www.econbiz.de/10014412102
debt sustainability over the next decade, taking into account alternative recovery scenarios and associated fiscal … persistent economic effects of the pandemic, risks to the Dutch fiscal and debt sustainability would remain contained …
Persistent link: https://www.econbiz.de/10012485963
This paper assesses the cyclicality and sustainability of fiscal policy in Belize and applies a stochastic simulation … debt sustainability. It recommends integrating such rules into a well-designed fiscal responsibility law and establishing …
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