Similar Search Results

Mongolia Economic Update, July 2018 : Fiscal Space for Growth - The Role of Public Investment Spending Efficiency

World Bank Group - 2018

The report and the summary review the recent economic and fiscal performance of Mongolia; outline current medium-term prospects of Mongolia's economy; discuss short-term risks and structural vulnerabilities; and comment on the efficiency of past public investment programs and practices

Persistent link: https://www.econbiz.de/10012645411

The Effects of Volatility, Fiscal Policy Cyclicality and Financial Development on Growth : Evidence for the Eastern Caribbean

Brückner, Markus - 2015

This paper presents estimates of the effects that terms of trade volatility has on growth of real gross domestic product per capita. Based on five-year non-overlapping panel data comprising 175 countries during 1980-2010, the paper finds that: (i) in model specifications that do not include...

Persistent link: https://www.econbiz.de/10012246606

Myanmar Public Expenditure Review 2017 : Fiscal Space for Economic Growth

World Bank Group - 2017

Myanmar had a strong economic take off between 2011 and 2015, but sustaining it will depend on improvements to public services and infrastructure. Yet general government spending at 15 percent of gross domestic product (GDP) is much lower than what is needed to deliver these improvements, and...

Persistent link: https://www.econbiz.de/10012247002

Fiscal Consolidation to Accelerate Growth and Support Inclusive Development : Ghana Public Expenditure Review

World Bank - 2017

Ghana has experienced an extended period of robust growth since the early 2000s, supported by a favorable external environment and large investment inflows, particularly in the extractive industries. In 2011, as the start of oil production drove a surge in per capita income, Ghana graduated from...

Persistent link: https://www.econbiz.de/10012247460

Taming Volatility : Fiscal Policy and Financial Development for Growth in the Eastern Caribbean

Carneiro, Francisco Galrao - 2016

The report is structured in four chapters that outline the main sources of volatility in the region and suggest ways to mitigate the impacts of that volatility on growth. Chapter one presents stylized facts associated with the growth performance of the Eastern Caribbean over the last 40 years....

Persistent link: https://www.econbiz.de/10012248303

Belarus Macroeconomic Update : Achieving Stability and Growth

World Bank - 2013

This note assesses recent macroeconomic developments in Belarus and presents a medium-term economic outlook for 2013-2016 in three scenarios. These scenarios are sensitive to underlying assumptions and are provided to illustrate the main macroeconomic policy choices, available to Belarus. The...

Persistent link: https://www.econbiz.de/10012248394

Fiscal policy and economic activity in South Asia

Beyer, Robert; Milivojevic, Lazar - 2019

This paper analyzes whether fiscal policy in South Asia amplifies or smooths business cycle fluctuations. The paper estimates several econometric models to explore the cyclicality of government spending and tax buoyancy. The findings show that fiscal policy is procyclical in most countries. In...

Persistent link: https://www.econbiz.de/10012008294

The sovereign-bank nexus in EMDEs : what is it, is it rising, and what are the policy implications?

Feyen, Erik; Zuccardi Huertas, Igor Esteban - 2019

This paper explores the sovereign-bank nexus in emerging markets and developing economies: the interconnectedness between the health of the sovereign and the banking system. Data from 140 emerging markets and developing economies suggest that this nexus is rising. First, banks have increased...

Persistent link: https://www.econbiz.de/10012113774

Why some countries can escape the fiscal pro-cyclicality trap and others cannot?

Herrera Aguilera, Santiago; Kouame, Wilfred A.; Mandon, … - 2019

This paper analyzes the procyclicality of fiscal policy on the tax and spending sides in a sample of 116 developing countries between 2000 and 2016. About 20 percent of the countries in the sample switched from procyclical to countercyclical policy stance. In Sub-Saharan Africa, 30 of 39...

Persistent link: https://www.econbiz.de/10012113884

State-Building, Economic Development, and Democracy : The Japanese Experience

Tsunekawa, Keiichi - 2010

The remolding of the state from an autocratic to a democratic one in postwar Japan is sometimes regarded as a … successful case of external intervention for state-building. When Americans landed in Japan two weeks after Japan's acceptance of … occupation in Japan, this paper will argue that American policies were only partially helpful in the democratic remolding and …

Persistent link: https://www.econbiz.de/10012247730