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Can Latin America Tap the Globalization Upside?
de la Torre, Augusto - 2017
This paper discusses the theoretical arguments in favor of and against economic globalization and, with a view to ascertaining whether Latin America may be able to capture the globalization upside, examines the trends and salient features of Latin America's globalization as compared with that of...
Persistent link: https://www.econbiz.de/10012973335
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Long-Term Fiscal Risks and Sustainability in an Oil-Rich Country : The Case of Russia
Bogetic, Zeljko - 2017
Russia entered the global crisis with strong fiscal position, low public debt, and large fiscal and monetary reserves … massive impact of the global crisis in late 2008 and 2009 have dramatically altered Russia's medium-term and long …-term economic and fiscal outlook. While Russia is emerging from this crisis on a much stronger footing than during the 1998 …
Persistent link: https://www.econbiz.de/10012976630
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Potential Growth : Outlook and Options for the Russian Federation
Okawa, Yoki - 2018
the baseline scenario, Russia's potential growth is expected to continue its gradual downward trend, from 1.5 percent in … Russia's potential growth rate to 3.0 percent by 2028. Under the assumptions discussed in the paper, pension reform … increase in Russia's potential growth rate. Potential growth is found to be most sensitive to changes in total factor …
Persistent link: https://www.econbiz.de/10012907090
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Transport Policies and Development
Berg, Claudia N. - 2018
This survey reviews the current state of the economic literature, assessing the impact of transport policies on growth, inclusion, and sustainability in a developing country context. The findings are summarized and methodologies are critically assessed, especially those dealing with endogeneity...
Persistent link: https://www.econbiz.de/10012937140
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New Evidence on the Cyclicality of Fiscal Policy
Carneiro, Francisco - 2017
This paper presents new evidence on the patterns of cyclicality in the fiscal policy stance of developing and industrialized countries over a period of more than three decades covering 180 countries during 1980?2012. First, the paper considers issues of robustness in the choice of the proxy for...
Persistent link: https://www.econbiz.de/10012971636
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Ethiopia?S Growth Acceleration and How to Sustain It?Insights from a Cross-Country Regression Model
Moller, Lars Christian - 2017
Ethiopia has experienced a growth acceleration over the past decade on the back of an economic strategy emphasizing public infrastructure investment and supported by heterodox macro-financial policies. To analyze the country?s growth performance during 2000?13, the paper employs a neoclassical...
Persistent link: https://www.econbiz.de/10012971637
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Climate Change, Industrial Transformation, And"Development Traps"
Golub, Alexander - 2017
This paper examines the possibility of environmental "development traps," or "brown poverty traps," caused by interactions between the impacts of climate change and increasing returns in the development of "clean-technology" sectors. A simple specification is used in which the economy can...
Persistent link: https://www.econbiz.de/10012973050
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Removing Impediments to Sustainable Economic Development : The Case of Corruption
Lopez-Claros, Augusto - 2017
This paper examines causes and consequences of corruption within the process of economic development. It starts by reviewing some of the factors that, over the past couple of decades, have transformed corruption from a subject on the sidelines of economic research to a central preoccupation of...
Persistent link: https://www.econbiz.de/10012973777
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Is Green Growth Good for the Poor?
Dercon, Stefan - 2017
The developing world is experiencing substantial environmental change, and climate change is likely to accelerate these processes in the coming decades. Due to their initial poverty and their relatively high dependence on environmental capital for their livelihoods, the poor are likely to suffer...
Persistent link: https://www.econbiz.de/10012974894
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Green Growth -- Lessons from Growth Theory
Smulders, Sjak - 2017
This paper reviews dynamic general equilibrium models in order to collect insights on the interaction between economic growth and environmental issues. The authors discuss the Ramsey model and extend it for natural resource inputs and pollution, as well as for endogenous technical change. Green...
Persistent link: https://www.econbiz.de/10012974895