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Debt Reduction, Fiscal Adjustment, and Growth in Credit-Constrained Economies
Baldacci, Emanuele - 2013
This paper assesses the effects of fiscal consolidations associated with public debt reduction on medium-term output growth during periods of private debt deleveraging. The analysis covers 107 countries and 79 episodes of public debt reduction driven by discretionary fiscal adjustments during...
Persistent link: https://www.econbiz.de/10013071366
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Fiscal Limits, External Debt, and Fiscal Policy in Developing Countries
Bi, Huixin - 2014
consumption, reducing the fiscal multiplier …
Persistent link: https://www.econbiz.de/10013055258
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Fiscal multipliers in advanced and developing countries : evidence from military spending
Sheremirov, Viacheslav; Spirovska, Sandra - 2019 - This version: February 2019
Using novel data on military spending for 129 countries in the period 1988-2013, this paper provides new evidence on the effects of government spending on output in advanced and developing countries. Identifying government-spending shocks with an exogenous variation in military spending, we...
Persistent link: https://www.econbiz.de/10011992297
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Government spending multipliers in natural resource-rich developing countries
Nganou, Jean-Pascal Nguessa; Somé, Juste; Tchuente, Guy - 2016
This paper estimates the government spending multiplier for natural resource-rich low-income countries (LICs). Kraay … government spending multiplier. Our estimates suggest that in the short run, the government spending multiplier is around 0.7 for …
Persistent link: https://www.econbiz.de/10011547618
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Fiscal Multipliers in Advanced and Developing Countries : Evidence from Military Spending
Sheremirov, Viacheslav - 2019
Using novel data on military spending for 129 countries in the period 1988–2013, this paper provides new evidence on the effects of government spending on output in advanced and developing countries. Identifying government-spending shocks with an exogenous variation in military spending,...
Persistent link: https://www.econbiz.de/10012888988
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Government Spending Multipliers in Resource-Rich Developing Countries
Nganou, Jean-Pascal N. - 2017
This paper estimates government spending multiplier for natural resource-rich low-income countries (LICs). Our … estimates suggest an absence of natural resource curse in government spending multiplier. In the short run, the government … spending multiplier is around 0.7 for natural resource-rich LICs and 0.43 for all LICs. The government spending has a permanent …
Persistent link: https://www.econbiz.de/10012967304
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Fiscal Rules and the Procyclicality of Fiscal Policy in the Developing World
Bova, Elva - 2015
This paper documents the spread of fiscal rules in the developing world and investigates the relation between fiscal rules and procyclical fiscal policy. We find that, since the early 2000s, developing countries outnumbered advanced economies as users of fiscal rules. Rules were adopted either...
Persistent link: https://www.econbiz.de/10013032930
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Exploring the Output Effect of Fiscal Policy Shocks in Low Income Countries
Honda, Jiro - 2020
What do we know about the output effects of fiscal policy in low income countries (LICs)? There are very few empirical studies on the subject. This paper fills this gap by estimating the output effects of government spending shocks in LICs. Our analysis-based on the local projection method-finds...
Persistent link: https://www.econbiz.de/10012831612
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The impact of government spending on GDP in a remitting country
Al-Abri, Almukhtar S.; Genc, Ismail H.; Naufal, George - 2018
The literature on remittances is large and growing. However, its focus has mainly been on the effects of remittance inflows on the receiving economies. Little has been done on the sending economies. In this paper, we use data from Saudi Arabia, one of the top remitting countries in the world, to...
Persistent link: https://www.econbiz.de/10011881574
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Fiscal Policy for Poverty Reduction, Reconstruction, and Growth
Addison, Tony - 2014
Growth, poverty reduction, and social peace are all undermined when public expenditure management and taxation are weak and when the fiscal deficit and public debt are not managed successfully. And large-scale aid and debt relief cannot work without a good fiscal system. The macroeconomic...
Persistent link: https://www.econbiz.de/10013043841