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This paper develops a link between four central components of the demographic transition: survival rates; fertility decisions; altruistic intergenerational transfers from workers toward their parents; and economic growth. An increase in child survival is found to reduce the fertility rate and...
Persistent link: https://www.econbiz.de/10012976542
Changing population age structures are shaping the trajectories of development in many countries, bringing opportunities and challenges. While aging has been a matter of concern for upper-middle and high-income economies, rapid population growth is set to continue in the poorest countries over...
Persistent link: https://www.econbiz.de/10012968199
This paper analyzes the macroeconomic implications of population aging in Brazil. Three alternative yet complementary methodologies are adopted, and depending on policy responses to the fiscal implications of aging, there are two main findings: First, saving rates could increase and not...
Persistent link: https://www.econbiz.de/10012976226
Persistent link: https://www.econbiz.de/10012966154
An earlier paper titled "Non-linear effects of tax changes on output: The role of the initial level of taxation," estimated tax multipliers using (i) a novel dataset on value-added taxes for 51 countries (21 industrial and 30 developing) for the period 1970-2014, and (ii) the so-called narrative...
Persistent link: https://www.econbiz.de/10012893919
The health systems of Japan and the Asian Tigers--Hong Kong (China), the Republic of Korea, Singapore, and Taiwan … (China)--and the recent reforms to them provide many potentially valuable lessons to East Asia's developing countries. All …. On the delivery side, too, Japan and the Tigers offer some interesting lessons. Singapore's experience with corporatizing …
Persistent link: https://www.econbiz.de/10012966148
This paper assesses the impact of the rise of China on the trade of Latin American and Caribbean economies. The study …, Honduras, Mexico, and Paraguay. The paper uses the index and a model of labor mobility, to calculate the impact of China …'s growth on labor markets in Argentina, Brazil, and Mexico. The resulting evidence suggests that the rise of China has had …
Persistent link: https://www.econbiz.de/10012937561
Governments of developing countries typically spend between 20 and 30 percent of gross domestic product. Hence, small changes in the efficiency of public spending could have a major impact on aggregate productivity growth and gross domestic product levels. Therefore, measuring efficiency and...
Persistent link: https://www.econbiz.de/10012911270
It is generally accepted that government health expenditures should disproportionately benefit the poor. And yet in most developing countries the opposite is the case. This paper examines the implications of a central assumption of benefit incidence analysis, namely that the unit cost of a...
Persistent link: https://www.econbiz.de/10012976653
Bulgaria is in the midst of a serious demographic transition that will shrink its population at one of the highest rates in the world within the next few decades. This study analyzes the macroeconomic and fiscal implications of this demographic transition by using a long-term model, which...
Persistent link: https://www.econbiz.de/10012973513