Showing 1 - 10 of 193
heterogeneous effect of public investment as regards to infrastructure. Hence, I divide government investment into infrastructure vs … non-infrastructure. The study uses structural vector auto-regressions (SVAR) and impulseresponse- functions analysis to … investment, which is mainly due to the non-infrastructure part of government investment. Private investment has a larger effect …
Persistent link: https://www.econbiz.de/10011422039
We show that some types of fiscal rules can mitigate the well-known procyclical bias in public capital expenditures. Past research has found that fiscal adjustment episodes coincide with large public investment cuts, a pattern we also document in a sample of 75 advanced and emerging economies...
Persistent link: https://www.econbiz.de/10012167402
This paper studies whether changes in the composition of public spending affect the macroeconomic consequences of fiscal consolidations. Based on a sample of 44 developing countries and 26 advanced economies during 1980-2019, results show that while fiscal consolidations tend to be on average,...
Persistent link: https://www.econbiz.de/10014516596
expenditures in education, health, and infrastructure on economic growth, poverty, and income distribution in the past 20 years …
Persistent link: https://www.econbiz.de/10011285046
This paper reviews the design and operation of the Chilean fiscal rule in the past 30 years. Using different empirical approaches, we assess its impact on fiscal procyclicality, public debt, and public investment. While there has been substantial progress in building a modern institutional...
Persistent link: https://www.econbiz.de/10012586739
This paper analyzes the implementation of Fiscal Rules (FR) in Argentina. Several clear attempts to establish a FR at the national level are identified. The analysis suggests that the environment matters. The only FR that was binding in the period was approved in 2004 during an economic boom,...
Persistent link: https://www.econbiz.de/10012586827
This article has three goals. First, it describes the genesis of fiscal rules in Peru and its degree of compliance. Second, it estimates the effect of fiscal rules adoption on public investment. Last, it analyzes the impact of alternative fiscal rules on public investment and public debt...
Persistent link: https://www.econbiz.de/10012587002
, substantial amounts of public money could be raised and used to cover the population’s infrastructure needs, such as access to …
Persistent link: https://www.econbiz.de/10011391823
investment needs for infrastructure providing access to water, sanitation, electricity, telecommunications and transport. In this …
Persistent link: https://www.econbiz.de/10011391828
I provide evidence of the severe social costs imposed by infrastructure projects that are being implemented (i …. Failing to take the implementation phase into account could severely bias the welfare evaluation of infrastructure. …
Persistent link: https://www.econbiz.de/10013331137