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Fiscal Deficits, Monetary Reform, and Inflation Stabilization in Romania

Budina, Nina; Wijnbergen, Sweder van - 2000

Unsustainable fiscal deficits were the chief reason for the inflation that has persisted in Eastern Europe since 1989 …. Deficits need to be cut back, but by how much for a given inflation target? The authors develop a simple framework for debt …, the deficit, and inflation to study the interactions between fiscal and monetary policy in Romania's economy. This …

Persistent link: https://www.econbiz.de/10012571763

Inflation and Indivisible Investment in Developing Economies

Eden, Maya; Nguyen, Ha - 2014

projects. McKinnon (1973) illustrates that when cash is used as a primary store of value, inflation may discourage investment … and provides a simple calibration of the model that suggests sizable effects of inflation on investment. The mechanism is … to meet the price of indivisible investment goods. Consistent with the model, empirical evidence suggests that inflation …

Persistent link: https://www.econbiz.de/10012572511

The Quality of Medical Advice in Low-Income Countries

Das, Jishnu; Hammer, Jeffrey S.; Leonard, Kenneth Lynch - 2012

This paper provides an overview of recent work on quality measurement of medical care and its correlates in four low and middle-income countries-India, Indonesia, Tanzania, and Paraguay. The authors describe two methods-testing doctors and watching doctors-that are relatively easy to implement...

Persistent link: https://www.econbiz.de/10012552286

Mental Health Patterns and Consequences : Results from Survey Data in Five Developing Countries

Das, Jishnu; Đỗ-Quý-Toàn; Friedman, Jed - 2012

The social and economic consequences of poor mental health in the developing world are presumed to be significant, yet are largely under-researched. The authors argue that mental health modules can be meaningfully added to multi-purpose household surveys in developing countries, and used to...

Persistent link: https://www.econbiz.de/10012552292

Asian Century or Multi-polar Century?

Dollar, David - 2012

The "rise of Asia" is something of a myth. During 1990-2005 China accounted for 28 percent of global growth, measured at purchasing power parity (PPP). India accounted for 9 percent. The rest of developing Asia, with nearly a billion people, accounted for only 7 percent, the same as Latin...

Persistent link: https://www.econbiz.de/10012552624

Finance and Economic Development : Policy Choices for Developing Countries

Demirg????-Kunt, Asl?? - 2012

The empirical literature on finance and development suggests that countries with better developed financial systems experience faster economic growth. Financial development-as captured by size, depth, efficiency, and reach of financial systems-varies sharply around the world, with large...

Persistent link: https://www.econbiz.de/10012553777

The World Trade Organization and Antidumping in Developing Countries

Bown, Chad P. - 2012

Since the 1995 inception of the World Trade Organization (WTO), developing countries have become some of the most frequent users of the WTO-sanctioned antidumping trade policy instrument. This paper exploits newly available data to examine the pattern of actual industrial use of antidumping in...

Persistent link: https://www.econbiz.de/10012553835

Subnational Fiscal Policy in Large Developing Countries : Some Lessons from the 2008-09 Crisis for Brazil, China and India

Fardoust, Shahrokh; Ravishankar, V.J. - 2013

In response to the Great Recession of 2008, many national governments implemented fiscal stimuli packages in 2009 and 2010 to prevent further declines in aggregate demand and to jump start their economic recovery. Where subnational governments responded with fiscal contraction, as in the United...

Persistent link: https://www.econbiz.de/10012559444

Size and Age of Establishments : Evidence from Developing Countries

Ayyagari, Meghana; Demirguc-Kunt, Asli; Maksimovic, Vojislav - 2014

Survey data from 120 developing countries are used to examine the relation between establishment size and age in the formal sector. Existing research suggests that manufacturing establishments in developing countries do not grow over time, most likely because of market imperfections and...

Persistent link: https://www.econbiz.de/10012560826

Diet Quality, Child Health, and Food Policies in Developing Countries

Bhargava, Alok - 2014

Although the importance of diet quality for improving child health is widely recognized, the roles of environmental factors and the absorption of nutrients for children's physical growth and morbidity have not been adequately integrated into a policy framework. Moreover, nutrient intakes...

Persistent link: https://www.econbiz.de/10012572215