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Fiscal policy and private investment in less developed countries

Hermes, Niels; Lensink, Robert - 2001

This paper analyses the impact of fiscal policy on private investment for a sample of thirty-three LDCs. The paper … first attempt to analyse the existence of a non-linear relationship between fiscal policy variables and investment. Moreover …, we explicitly focus on different aspects of fiscal policy and their influence on investment, instead of only looking at …

Persistent link: https://www.econbiz.de/10010279319

Investment spending, equilibrium indeterminacy, and the interactions of monetary and fiscal policy

Lubik, Thomas A. - 2003

guarantee existence. When investment adjustment costs are introduced, the monetary and fiscal policy dichotomy is in principle …

Persistent link: https://www.econbiz.de/10010293451

The relevance of Haavelmo's macroeconomic theorizing for contemporary macro policy making

Chand, Sheetal K. - 2012

The recent great financial crisis and the ensuing deep recessions have placed in sharp relief the fundamental issue of how financial factors, including financial instability, interact with the real economy. In order to understand the nature of these interactions and formulate policies that would...

Persistent link: https://www.econbiz.de/10010330242

Taxation, corruption and the exchange rate regime

Hefeker, Carsten - 2009

The paper analyzes the relation between institutional quality, such as corruption, in a country and its monetary regime. It is shown that a credibly fixed exchange rate to a low inflation country, like a currency board, can reduce corruption and improve the fiscal system. A monetary union,...

Persistent link: https://www.econbiz.de/10010264571

Fiscal policy design in low-income countries

Adam, Christopher S.; Bevan, David L. - 2001

For many low-income countries, there has been an extended period in which fiscal policy was not a choice, or was a choice made by authorities external to the country. For a number of them, this situation is now changing. Their own success in stabilising the economy, coupled with a shift in the...

Persistent link: https://www.econbiz.de/10010279020

Public finance and economic growth: Empirical evidence from developing countries

Odedokun, Matthew O. - 2001

The study is an empirical test of the effects of different categories of government expenditure, revenue and deficits on economic growth in developing countries. It is based on panel data of annual series over the last three decades for 103 countries, which are further classified into...

Persistent link: https://www.econbiz.de/10010279078

Macroeconomics of fiscal policy in developing countries

Jha, Raghbendra - 2001

This paper considers some aspects of the effects of fiscal policy on macroeconomic adjustment in developing countries. First, the paper reviews the notion of the fiscal deficit in the particular context of developing countries. It then spells out the conditions under which the internal and...

Persistent link: https://www.econbiz.de/10010279299

Fiscal Resources for Inclusive Growth

Das-Gupta, Arindam - 2014

This paper develops a framework to assess the growth and distribution effects of fiscal resources. Resources are classified as debt, other capital receipts, foreign aid and other unilateral grants, non-tax revenue, including resource rents, seigniorage, and taxes. The framework is used to assess...

Persistent link: https://www.econbiz.de/10011432705

Fiscal Policy and Inclusive Growth in Advanced Countries: Their Experience and Implications for Asia

Heshmati, Almas; Kim, Jungsuk; Park, Donghyun - 2014

Advanced economies have a significantly longer history of using fiscal policy to tackle inequality and promote inclusive growth than those in developing Asia. Therefore, as developing Asia explores the more active use of fiscal policy for inclusive purposes, it can learn from the experiences of...

Persistent link: https://www.econbiz.de/10011432710

Fiscal Transparency and Procyclical Fiscal Policy

Andersen, Asger Lau; Holbøll Westh Nielsen, Lasse - 2010

This paper examines why fiscal policy is procyclical in developing as well as developed countries. We introduce the concept of fiscal transparency into a model of retrospective voting, in which a political agency problem between voters and politicians generates a procyclical bias in government...

Persistent link: https://www.econbiz.de/10010321001

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