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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
Persistent link: https://www.econbiz.de/10012246115
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 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
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
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
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
After a growth slowdown that lasted six years, the Latin America and the Caribbean (LAC) region has finally turned the corner and resumed growth at a modest rate of 1.1 percent in 2017 and 1.8 percent expected in 2018. This reflects a more favorable external environment, particularly a recovery...
Persistent link: https://www.econbiz.de/10012644100
The South Asia Economic Focus is a biannual economic update presenting recent economic developments and a near term economic outlook for South Asia. It includes a Focus section presenting more in depth analysis of an economic topic of relevance for stability, growth and prosperity in the region...
Persistent link: https://www.econbiz.de/10012644140
This report provides actionable advice on how to design and implement fiscal policies for both development and climate action. Building on more than two decades of research in development and environmental economics, it argues that well-designed environmental tax reforms are especially valuable...
Persistent link: https://www.econbiz.de/10012644180