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achieve the poverty Millennium Development Goal ahead of schedule, but other goals are likely to remain elusive before 2015 …-even more rapid growth and poverty reduction are possible, but important targets in the areas of education, health, and …
Persistent link: https://www.econbiz.de/10012552306
As the Eurozone crisis drags on, it is evident that a part of the problem lies in the architecture of debt and its … liabilities within the Eurozone and, more generally, the European Union. This paper argues that a large part of the problem can be …
Persistent link: https://www.econbiz.de/10012560169
affecting export performance and causing rising current account imbalances. While the fiscal position remained manageable before …
Persistent link: https://www.econbiz.de/10012557056
The emergence of substantial fiscal deficits and a large build up of government debt in major advanced economies will inevitably lead to a period of fiscal consolidation in coming years. In an earlier paper, McKibbin and Stoeckel (2010) explored the effects of this fiscal adjustment in advanced...
Persistent link: https://www.econbiz.de/10012552149
Over the past 25 years, India's economy grew at an average real rate of close to 6 percent, with growth rates in recent years accelerating to 9 percent. Yet by 2005-06, the general government debt-to-GDP ratio was 34 percentage points higher than in the 1980s. The authors examine the links...
Persistent link: https://www.econbiz.de/10012552689
This paper analyzes the recent growth of government domestic debt, including central bank debt, using a new data base on government domestic debt in developing countries with large, open financial systems. On average, government domestic debt grew much faster than GDP between 1994 and 2004 and...
Persistent link: https://www.econbiz.de/10012552794
The worldwide slowdown in growth after 1975 was a major negative fiscal shock. Slower growth lowers the present value of tax revenues and primary surpluses and thus makes a given level of debt more burdensome. Most countries failed to adjust to the negative fiscal consequences of the growth...
Persistent link: https://www.econbiz.de/10012559509
The paper assesses the contribution of key factors associated with external imbalances in the Eurozone through the … dynamics in the Eurozone periphery than in the core, whereas competitiveness has been a less prominent factor in the periphery … lending in investments prone to speculative bubbles. Coordination of fiscal policy across the Eurozone would facilitate the …
Persistent link: https://www.econbiz.de/10012560840
services, is a key challenge in the fight against poverty. Many of the poor (and particularly the extreme poor) in rural …, whenever possible, provides evidence of the effects of these determinants on competitiveness, growth, and poverty in Latin … (growth), micro (productivity at the firm level), and poverty (the earnings of poor/rural people). In addition, the paper …
Persistent link: https://www.econbiz.de/10012552342
largely accounted for by the technology trap responsible for the poverty trap. This result is supported by empirical evidence …
Persistent link: https://www.econbiz.de/10012552365