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, considers India's experience with fiscal (responsibility) rules during the past decade. After reviewing the basic facts … concerning public debt and deficits in India, the background and basic arithmetic of the Fiscal Responsibility and Budget …
Persistent link: https://www.econbiz.de/10013144500
indicate that increases in the share of a firm's innovation performed by inventors of a particular ethnicity are associated …
Persistent link: https://www.econbiz.de/10013008529
How global are the gains from innovation? When firms operate production plants in multiple countries, technological …-2008. Our estimates indicate that innovation increases performance at firm locations beyond the innovating site: the median U … operations understate multinationals' gain from innovation, and revealing a spatial disconnect between the costs and potential …
Persistent link: https://www.econbiz.de/10012994907
focusing on the underlying causes of poverty. A recent manifestation is the move towards sustainability,' which stresses …-free. An effort to promote sustainability by educating Kenyan schoolchildren on worm prevention was ineffective, and a … the context we examine, the pursuit of sustainability may be an illusion, and that in the short-run, at least, external …
Persistent link: https://www.econbiz.de/10013239373
inequality in those health investments in India. A simple theory of gender-biased parental investment suggests that gender … relationship between gender balance in vaccinations and the availability of quot;Health Campsquot; in India. I find support for a …
Persistent link: https://www.econbiz.de/10012778141
studies in India that provide unique insight into this issue. First, we use a discrete choice experiment to show that patients …
Persistent link: https://www.econbiz.de/10013323878
Aging populations in advanced economies are placing ever-increasing demands on government spending in the form of old-age benefits. Economies that have promised substantially more benefits than they have made provision to finance are heading into a prolonged era of fiscal stress. Unresolved...
Persistent link: https://www.econbiz.de/10013129132
analyze the sustainability of the fiscal policy. We pursue three approaches to examine the sustainability. First, we calculate …
Persistent link: https://www.econbiz.de/10013121087
Using a recursive empirical model of the real interest rate, GDP growth, and the primary government deficit in the U.S., I solve for the ergodic distribution of the debt/GDP ratio. If such a distribution exists, the government is satisfying its intertemporal budget constraint. One key finding is...
Persistent link: https://www.econbiz.de/10013087045
The global economy has a chronic shortage of safe assets which lies behind many recent macroeconomic imbalances. This paper provides a simple model of the Safe Asset Mechanism (SAM), its recessionary safety traps, and its policy antidotes. Safety traps share many common features with...
Persistent link: https://www.econbiz.de/10013087881