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efficiency, investment, and growth. With all land state-owned, the threat of land redistribution never appears far off the agenda … insecurity affect household investment decisions, focusing on trees and shrubs. The panel data estimates suggest that limited … perceived transfer rights, and the threat of expropriation, negatively affect long-term investment in Ethiopian agriculture …
Persistent link: https://www.econbiz.de/10012552808
The author examines empirically the link between real exchange rate uncertainty and private investment in developing … finds that it has a strong negative impact on investment, after controlling for other standard investment determinants and … real exchange rate uncertainty on investment is significantly larger in economies that are highly open and in those with …
Persistent link: https://www.econbiz.de/10012559585
The authors conduct an empirical study on the effect of the accumulation of pension fund financial assets, on national saving, using a panel of 43 industrial, and developing countries. The authors find evidence suggesting that the accumulation of pension fund financial assets might increase...
Persistent link: https://www.econbiz.de/10012559834
Tax expenditures, in the form of tax provisions, are government expenditures. They are conceptually and functionally distinct from those tax provisions whose purpose is to raise revenue. Tax expenditure programs are comparable to entitlement programs. Therefore, tax expenditures must be analyzed...
Persistent link: https://www.econbiz.de/10012553752
Using data collected during several missions, the author finds that the principal reasons for low revenue mobilization are (1) the adverse fiscal impact of trade liberalization, (2) the defiscalization of agriculture in the 1970s, (3) the collapse of the uranium boom in the 1980s, and (4) the...
Persistent link: https://www.econbiz.de/10012553954
This paper introduces a new explanation for political budget cycles: politicians have stronger incentives to increase spending around elections in the presence of younger political parties. Previous research has shown that political budget cycles are larger when voters are uninformed about...
Persistent link: https://www.econbiz.de/10012560761
What determines the quality of budget execution around the world, measured in terms of a government's ability to accurately hit its own revenue and expenditure targets? The answers could be relevant to the topics of macroeconomic stability, national development, public service delivery, and...
Persistent link: https://www.econbiz.de/10012560763
In the last two decades more than 120 countries have adopted a version of a Medium-Term Expenditure Framework (MTEF). These are budget institutions whose rationale it is to enable the central government to make credible multi-year fiscal commitments. This paper analyzes a newly-collected dataset...
Persistent link: https://www.econbiz.de/10012557070
vocational training or a productive investment grant. The authors identify the relative impact of each complementary package …. Households that received the productive investment grant also had higher average consumption levels. The complementary …
Persistent link: https://www.econbiz.de/10012552157
years, however, domestic investment, while stagnant in real terms, has shrunk as a share of GDP. In an open and growing … economy, why the decline? Three reasons explain the puzzle. First, the public sector cannot afford expanding its investment at … GDP growth rates. Second, the capital-intensive private sector does not find it convenient to raise investment at the …
Persistent link: https://www.econbiz.de/10012552369