Showing 1 - 10 of 104
The paper addresses one of the key features and expectations of thePRGF: are budgets more pro-poor and pro-growth … unexpected foreign aid becomes available. …
Persistent link: https://www.econbiz.de/10005819341
Some scholars have argued that direct distribution of natural resource revenues to the population would help resource-rich countries escape the “resource curse.†This discussion note analyzes whether this proposal is a viable policy alternative for resource-rich countries. The first...
Persistent link: https://www.econbiz.de/10011123894
The recent development literature stresses that countries that receive large revenues from natural resource endowments typically raise less revenue from domestic taxation, and that this creates governance problems because the lower domestic tax effort reduces the incentive for the public...
Persistent link: https://www.econbiz.de/10005825627
This paper investigates the political and economic determinants of successful fiscal adjustment in 25 emerging market economies from 1980 to 2001. The results show that large and back-loaded fiscal adjustments have the highest likelihood of success. Fiscal consolidations based on expenditure...
Persistent link: https://www.econbiz.de/10005825965
The impact of higher petroleum prices on the aggregate price level, real growth, and income distribution is appraised …
Persistent link: https://www.econbiz.de/10005826502
We examine the short- and long-term movements of government spending relative to output in 51 countries. We find that in the short term, the main components of government spending increase with output in about half of the sample countries, with some variation across spending categories and...
Persistent link: https://www.econbiz.de/10005826560
This paper reexamines the relationship between aid and domestic tax revenues using a more recent and comprehensive … are negatively associated with VAT, excise and income tax revenues, but have a positive relationship with trade taxes. Aid …
Persistent link: https://www.econbiz.de/10011242414
savings have been accompanied by growth-promoting measures and a supportive monetary policy stance. While these results are …
Persistent link: https://www.econbiz.de/10008680272
This paper studies the cyclical behavior of public spending on health and education in 150 countries during 1987 - 2007. It finds that spending on education and health is procyclical in developing countries and acyclical in developed countries. In addition, education and health expenditures...
Persistent link: https://www.econbiz.de/10008727788
growth during periods of private debt deleveraging. The analysis covers 107 countries and 79 episodes of public debt … adjustments can dampen growth when there are credit supply restrictions. Instead, fiscal adjustments that are gradual and rely on …, protecting public investment is critical for medium-term growth, as is the implementation of supply-side, productivity …
Persistent link: https://www.econbiz.de/10010790249