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This paper aims to fill a gap in the literature on capital formation in China by estimating the capital stock in four economic sectors: business, infrastructure, government, and housing. Such a breakdown is necessary for the purpose of analysis of economic development in China, as the normal...
Persistent link: https://www.econbiz.de/10012257322
capital and slowing growth rates of total factor productivity and human capital. Strong reforms are required for Malaysia to …, and total factor productivity. In the strong reform scenario, based on growth drivers achieving a target corresponding to …
Persistent link: https://www.econbiz.de/10012241371
Improving access to quality education has been the backbone of several development strategies around the world and considerable public resources have been dedicated to achieving this goal. However, one could wonder whether increasing public education expenditure would drive better access to...
Persistent link: https://www.econbiz.de/10012168007
The Kenyan government remains committed to a planned fiscal consolidation pathway, which should help contain public debt stock at a sustainable level. Nonetheless, there are significant challenges stemming from a slowdown in revenue collection, a growing demand for transfers to county...
Persistent link: https://www.econbiz.de/10012646367
This paper studies whether budget rigidities affect the probability of countries getting into fiscal distress and reduce the likelihood of governments performing fiscal adjustments. Budget rigidities are constraints that limit the ability of the government to change the size and structure of the...
Persistent link: https://www.econbiz.de/10012113828
This paper explores the determinants of public employment across the world and finds that it is negatively associated with country size (by population) and positively associated with the income level. The findings show that a country's openness to trade is positively associated with public...
Persistent link: https://www.econbiz.de/10012113855
Enhancing the productivity of agriculture is vital for Sub-Saharan Africa's economic future and is one of the most … policy environment, better institutions, and investments in rural public goods positively affect agricultural productivity …. These, combined with smarter use of public funds, have helped lay the foundations for agricultural productivity growth …
Persistent link: https://www.econbiz.de/10012245357
spending. The rigorous analysis presented in this book provides options for reform with a view to enhancing investment in the … laying the foundations f or agricultural productivity growth around the world, providing important lessons for African … agricultural productivity growth. The dividends from investments to strengthen markets, develop and disseminate improved …
Persistent link: https://www.econbiz.de/10012248540
Persistent link: https://www.econbiz.de/10012645411
This Public Expenditure Review (PER) was prepared in response to a request from the Ministry of Finance (MoF) and is designed to inform Lesotho's fiscal consolidation due to a narrowing of its fiscal space. Lesotho is facing a tough macro-fiscal outlook due to a sharp decline in Southern African...
Persistent link: https://www.econbiz.de/10012645490