Showing 1 - 10 of 11
This paper focuses on the impact of fiscal decentralization on the efficiency of fiscal resources at the regional level that will improve the probability of Indonesia avoiding the middle-income trap. From a development standpoint, the implementation of decentralization is not only aimed at...
Persistent link: https://www.econbiz.de/10011637975
To understand the weak empirical relationship between human capital and macroeconomic performance, this paper presents a model in which human capital is allocated to three activities: production, tax collection (bureaucracy), and public education. The effective tax rate is low in poor countries...
Persistent link: https://www.econbiz.de/10012139717
This paper examines the regional and global growth effects of current account imbalances in Japan, Germany, and the People's Republic of China (PRC) - the three largest persistent surplus countries - and the United States and United Kingdom, the two largest persistent deficit countries....
Persistent link: https://www.econbiz.de/10012175573
The recent experience of infrastructure investment in the People's Republic of China (PRC) suggests an intertwined … infrastructure investment, which then drives economic growth via various channels including reducing transaction costs and raising … productivity. Another mechanism emphasized in this paper is that infrastructure investment can promote urbanization through …
Persistent link: https://www.econbiz.de/10011585947
Infrastructure plays a key role in facilitating trade, especially since recent trade liberalization in Asia has … resulted in significant tariff reductions. This study quantifies the impacts of both hard and soft infrastructure on trade … improvements in transport infrastructure (i.e., the road density network, air transport, railways, ports, and logistics) have …
Persistent link: https://www.econbiz.de/10011407564
Development economists have considered physical infrastructure to be a precondition for industrialization and economic … effectiveness of infrastructure in reducing poverty is important, experimental evaluation, such as randomized control trials (RCT …)-based evaluation, is difficult in the context of large-scale infrastructure. Second, while micro studies so far have focused on the …
Persistent link: https://www.econbiz.de/10010465408
international trade and inequality; and third, the links between infrastructure and inequality. Both international trade and … infrastructure make it easier for people to exchange goods and services and to increase income by allowing specialization, economies … constitutes a challenge. However, the answer should not be to eschew opening up the economy or building infrastructure, but to do …
Persistent link: https://www.econbiz.de/10010245334
This paper aims to identify the role of digitalization and infrastructure in two fast-growing Asian economies, namely … NARDL technique. The results show that internet and mobile density (a proxy for telecommunication infrastructure …, per capita electricity power consumption (a proxy for electricity infrastructure), research and development expenditure …
Persistent link: https://www.econbiz.de/10012500546
This paper offers a Spatial Computable General Equilibrium Model (SCGE) to evaluate the potential regional economic impacts of the Central Asia Regional Economic Cooperation Program (CAREC) corridors and the Trans-Caspian International Transport Route (TITR). We base our model on spatial...
Persistent link: https://www.econbiz.de/10012584788
Natural disasters bring tremendous destruction to small island economies in the South Pacific region. Foreign development aid, as an important source of green finance in the region, has the fundamental purpose of reducing natural disasters' effect on the small island economies. With country...
Persistent link: https://www.econbiz.de/10012163861