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The Long Term Effect of Education Spending Decentralization on Human Capital in Spain
Merrouche, Ouarda - 2007
In 1980, seven out of the seventeen Spanish regions were devolved education spending responsibility. Using a difference … capital. I find no robust evidence to corroborate the theoretically predicted benefits of decentralization. …
Persistent link: https://www.econbiz.de/10010321516
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On the determinants of changes in wage inequality in Bolivia
Canavire-Bacarreza, Gustavo; Rios-Avila, Fernando - 2015
In recent years, Bolivia has experienced a series of economic and political transformations that have directly affected …-paid jobs, and wage stagnation of jobs that require higher education or are in traditionally highly paid fields. While the … the long run, since structural factors associated with productivity, such as workers' level of education, explain only a …
Persistent link: https://www.econbiz.de/10010513087
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An investment initiative for fiscally constrained EU member states: The role of synergetic financial instruments
Zeilbeck, Severin - 2015
The economy of the European Union has not recovered from the impact of the economic and financial crisis. Growth rates remain low and investment activity is weak. This questions current economic policies of the Economic and Monetary Union, known as austerity. In opposition to fiscal contraction...
Persistent link: https://www.econbiz.de/10011381297
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Economic growth with constraints on tax revenues and public debt: Implications for fiscal policy and cross-country differences
Aizenman, Joshua; Kletzer, Kenneth; Pinto, Brian - 2007
This paper evaluates optimal public investment and fiscal policy for countries characterized by limited tax and debt capacities. We study a non stochastic CRS endogenous growth model where public expenditure is an input in the production process, in countries where distortions and limited...
Persistent link: https://www.econbiz.de/10010322715
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Making the Euro viable: The Euro treasury plan
Bibow, Jörg - 2015
The euro crisis remains unresolved and the euro currency union incomplete and extraordinarily vulnerable. The euro regime's essential flaw and ultimate source of vulnerability is the decoupling of central bank and treasury institutions in the euro currency union. We propose a 'Euro Treasury'...
Persistent link: https://www.econbiz.de/10011545302
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Development paths: A case for public investment as the alternative to the Washington Consensus
Lauka, Earta - 2018
This paper's aim is to provide a different standpoint in the development debate, by focusing on the short-sightedness of the international institutions when they propose a development agenda. Focusing on macroeconomic performance and on privatisation, they have found a solution in PPPs, which...
Persistent link: https://www.econbiz.de/10011913277
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Public investment in developing countries: A blessing or a curse?
Cavallo, Eduardo; Daude, Christian - 2008
This paper analyzes the impact of public investment on private investment in panel of 116 developing countries between 1980 and 2006 using dynamic panel data techniques, finding a strong and robust crowding-out effect that seems to be the norm rather than the exception, both across regions and...
Persistent link: https://www.econbiz.de/10010278277
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Public investment in infrastructure in Latin America: Is debt the culprit
Lora, Eduardo - 2007
Panel data for seven Latin American countries are used to assess the influence of public indebtedness on public investment in infrastructure in the period 1987-2001. Debt increases are associated with higher public infrastructure investment, an effect that is robust to the inclusion of many...
Persistent link: https://www.econbiz.de/10010278283
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Optimal Public Investment in Resource-Rich Low-Income Countries
Algozhina, Aliya - 2020
Recent studies have found that resource-rich low-income countries are better off investing their resource revenues domestically rather than saving them abroad in a sovereign wealth fund (SWF). This paper finds an optimal rule-based policy of accumulating public capital and its associated public...
Persistent link: https://www.econbiz.de/10014547722
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Developing a macro-micro model for analyzing gender impacts of public policy
De Henau, Jérôme; Himmelweit, Susan - 2020
This paper discusses new methods of combined macro-micro analysis of labor demand and supply to investigate the gender impacts of public policy. In particular it examines how studies have used input-output analysis together with more or less sophisticated methods of allocating people to jobs to...
Persistent link: https://www.econbiz.de/10012610194