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Evidence of Development Impact from Institutional Change : A Review of the Evidence on Open Budgeting
Ling, Cristina - 2017
Despite the growing body of literature examining the effectiveness of transparency and accountability initiatives, there remains limited substantiation for whether and how open budgeting contributes to reductions in poverty and improvements in the lives of the poor. This paper reviews available...
Persistent link: https://www.econbiz.de/10012972978
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Weakness in Investment Growth : Causes, Implications and Policy Responses
Kose, M. Ayhan - 2017
Investment growth in emerging market and developing economies has slowed sharply since 2010. This paper presents a … comprehensive analysis of the causes and implications of this slowdown and presents a menu of policy responses to improve investment …, declining foreign direct investment inflows, elevated private debt burdens, heightened political risk, and adverse spillovers …
Persistent link: https://www.econbiz.de/10012961222
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Inflation and Indivisible Investment in Developing Economies
Eden, Maya - 2017
In countries with limited access to finance, firms accumulate retained earnings to finance indivisible investment … projects. McKinnon (1973) illustrates that when cash is used as a primary store of value, inflation may discourage investment … and provides a simple calibration of the model that suggests sizable effects of inflation on investment. The mechanism is …
Persistent link: https://www.econbiz.de/10012972973
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Sharing the Benefits of Innovation-Digitization : A Summary of Market Processes and Policy Suggestions
Islam, Roumeen - 2018
Governments play a very important role in supporting innovation, managing the disruptive effects of innovation, and ensuring that the benefits of innovation are broadly shared in the long run. This paper reviews the literature on market mechanisms that translate innovation into jobs and policies...
Persistent link: https://www.econbiz.de/10012921429
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Are Budget Rigidities a Source of Fiscal Distress and a Constraint for Fiscal Consolidation?
Munoz, Ercio - 2019
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/10012865091
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Do Resource-Rich Countries Suffer from a Lack of Fiscal Discipline?
Bleaney, Michael - 2017
resource exporters, in aggregate expenditures and revenues. Ores and metals exporters spend more on investment and less on …
Persistent link: https://www.econbiz.de/10012970120
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Local Budget Transparency and Participation : Evidence from the Kyrgyz Republic
Esenaliev, Damir - 2017
The paper investigates determinants of civic participation in local budget processes in rural areas in the Kyrgyz Republic by using data from the Life in Kyrgyzstan survey, conducted in 2012. The analysis of the data suggests that although civic awareness and interest in local budget processes...
Persistent link: https://www.econbiz.de/10012972306
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Fiscal Multipliers in Recessions and Expansions : Does it Matter Whether Government Spending is Increasing or Decreasing?
Riera-Crichton, Daniel - 2017
Using non-linear methods, this paper finds that existing estimates of government spending multipliers in expansion and recession may yield biased results by ignoring whether government spending is increasing or decreasing. For industrial countries, the problem originates in the fact that,...
Persistent link: https://www.econbiz.de/10012972931
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Budget Rules and Resource Booms : A Dynamic Stochastic General Equilibrium Analysis
Devarajan, Shantayanan - 2017
time. This strategy is preferred to investing in public capital domestically, even when private investment benefits from an … enhanced public capital stock. Domestic investment raises the prices of domestic goods, leaving less money for government to … transfer to households; public investment is not 100 percent effective in raising output. In the presence of a negative …
Persistent link: https://www.econbiz.de/10012972940
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The Quality of Budget Execution and its Correlates
Addison, Douglas M. - 2017
What determines the quality of budget execution around the world, measured in terms of a government's ability to accurately hit its own revenue and expenditure targets? The answers could be relevant to the topics of macroeconomic stability, national development, public service delivery, and...
Persistent link: https://www.econbiz.de/10012973871