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This paper investigates the role of fiscal guarantees in promoting infrastructure investment. Infrastructure is a … give guarantees for reasons of fiscal prudence. The paper argues that governments and large investment guarantee agencies … be fiscally prudent and yet boost investment, especially in infrastructure, and thereby promote growth …
Persistent link: https://www.econbiz.de/10012572830
Investment growth in many emerging market and developing economies (EMDEs) has slowed sharply since 2010. Investment … investment growth in six EMDE regions, documents remaining investment needs, especially for infrastructure, and presents a set of … region-specific policy responses to address these needs. It reports three main findings. First, investment growth has been …
Persistent link: https://www.econbiz.de/10012570490
Investment growth in emerging market and developing economies has slowed sharply since 2010. This paper presents a … comprehensive analysis of the causes and implications of this slowdown and presents a menu of policy responses to improve investment …, declining foreign direct investment inflows, elevated private debt burdens, heightened political risk, and adverse spillovers …
Persistent link: https://www.econbiz.de/10012570491
to invest compared to autarky. The investment levels remain inefficient, however, especially for transportation … tends to decrease the capacity to finance new investment. …
Persistent link: https://www.econbiz.de/10012560098
investment by formal private sector firms. The finding is largely driven by small and medium-size enterprises, domestic firms … debt reduced the accessibility of finance for private sector firms, limiting investment. Furthermore, a regulatory channel …
Persistent link: https://www.econbiz.de/10015113191
The cost of public investment is not the value of public capital. Unlike for private investors, there is no remotely … plausible behavioral model of the government as investor that suggests that every dollar the public sector spends as "investment … empirical literature on economic growth, which uses, at best, "cumulated, depreciated investment effort" (CUDIE), to estimate …
Persistent link: https://www.econbiz.de/10012572751
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
Over the past few decades, fiscal policy has been about 30 percent more procyclical and about 40 percent more volatile in commodity-exporting emerging markets and developing economies (EMDEs) than in other EMDEs. Both procyclicality and volatility of fiscal policy-which share some underlying...
Persistent link: https://www.econbiz.de/10015198130
This paper presents a systematic analysis of the availability and use of fiscal space in emerging and developing economies. These economies built fiscal space in the run-up to the Great Recession of 2008-09, which was then used for stimulus. This reflects a more general trend over the past three...
Persistent link: https://www.econbiz.de/10012571026