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Assessing Public Debt Sustainability in Mauritania with a Stochastic Framework

Baghdassarian, William - 2017

This work presents a stochastic framework for assessing public debt sustainability and applies it to the case of Mauritania. The sustainability assessment projects solvency and liquidity indicators -- public debt stock and gross financing needs relative to GDP -- for 2014-23. The analysis uses...

Persistent link: https://www.econbiz.de/10012972523

Global Fiscal Adjustment and Trade Rebalancing

McKibbin, Warwick J. - 2017

The emergence of substantial fiscal deficits and a large build up of government debt in major advanced economies will inevitably lead to a period of fiscal consolidation in coming years. In an earlier paper, McKibbin and Stoeckel (2010) explored the effects of this fiscal adjustment in advanced...

Persistent link: https://www.econbiz.de/10012975282

Fiscal Policy and Debt Dynamics in Developing Countries

Ilzetzki, Ethan - 2017

Using a new tax database for 28 countries and a variety of econometric methods, this paper contributes to the debate on the effects of fiscal policy on economic activity in a number of ways. The analysis finds that tax cuts have a stimulative effect on economic growth in developing countries....

Persistent link: https://www.econbiz.de/10012975998

"Finding the Tipping Point -- When Sovereign Debt Turns Bad"

Caner, Mehmet - 2017

Public debt has surged during the current global economic crisis and is expected to increase further. This development has raised concerns whether public debt is starting to hit levels where it might negatively affect economic growth. Does such a tipping point in public debt exist? How severe...

Persistent link: https://www.econbiz.de/10012976419

Why Some Countries Can Escape the Fiscal Pro-Cyclicality Trap and Others Cannot?

Herrera, Santiago - 2019

policy stance. In Sub-Saharan Africa, 30 of 39 countries remained caught in the procyclicality trap and the region has the … highest degree of procyclicality. The Middle East and North Africa region switched from a countercyclical policy stance to a …

Persistent link: https://www.econbiz.de/10012865086

Hunting for Leopards : Long Run Country Income Dynamics in Africa

Arbache, Jorge Saba - 2016

This paper examines the country-level dynamics of long-run growth in Africa between 1975 and 2005. The authors examine …

Persistent link: https://www.econbiz.de/10012747195

Playing to Strength : Growth Strategy for Small Agrarian Economies in Africa

Yusuf, Shahid - 2018

economies in Africa need an alternative strategic approach to long-term growth. The purpose of this paper is to identify a … growth strategy with the greatest potential for small, landlocked economies in East Africa. The paper uses Malawi, Rwanda …. Undoubtedly, there are obstacles to transferring the advanced technologies wholesale to East Africa, but their eventual …

Persistent link: https://www.econbiz.de/10012912289

The Devil is in the Details : Growth, Polarization, and Poverty Reduction in Africa in the Past Two Decades

Clementi, F. - 2018

-Saharan Africa; these changes went undetected by standard inequality measures. By developing a new decomposition technique based on a …

Persistent link: https://www.econbiz.de/10012912333

Agriculture, Aid and Economic Growth in Africa

McArthur, John - 2018

How can foreign aid to agriculture support economic growth in Africa? This paper constructs a geographically …

Persistent link: https://www.econbiz.de/10012918516

Bright Lights, Big Cities : Measuring National and Subnational Economic Growth in Africa from Outer Space, with an Application to Kenya and Rwanda

Bundervoet, Tom - 2017

This paper uses the night lights (satellite imagery from outer space) approach to estimate growth in and levels of subnational 2013 gross domestic product for 47 counties in Kenya and 30 districts in Rwanda. Estimating subnational gross domestic product is consequential for three reasons. First,...

Persistent link: https://www.econbiz.de/10012970754

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