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A large body of evidence suggests that poor countries tend to invest less (have lower PPP - adjusted investment rates) and to face higher relative prices of investment goods. It has been suggested that this happens either because these countries have lower TFP in the investment - good producing...
Persistent link: https://www.econbiz.de/10012727281
investment in infrastructure. …
Persistent link: https://www.econbiz.de/10010276227
investment in infrastructure. -- Natural resource revenue ; windfall public revenues ; risk premium on foreign debt ; public … infrastructure ; private investment ; credit constraints ; optimal fiscal policy ; debt management ; Sovereign Wealth Fund ; asset …
Persistent link: https://www.econbiz.de/10003813611
investment in infrastructure …
Persistent link: https://www.econbiz.de/10012764524
Economic performance in many emerging market and developing economies (EMDEs) improved substantially over the past twenty years. The past decade was particularly good-for the first time EMDEs spent more time in expansion and had smaller downturns thanadvanced economies. In this paper we document...
Persistent link: https://www.econbiz.de/10013007644
objectives, we used the duration model to estimate how democracy can determine the probable duration of an economic growth spell …, insofar as it helps to support growth spells in the event of negative external shocks. The results show that an improvement in … democracy score is associated with an increase in the expected duration of a growth spell. The second finding is that some …
Persistent link: https://www.econbiz.de/10012803277
This paper examines trends in infrastructure investment and its financing in low-income developing countries (LIDCs …). Following an acceleration of public investment over the last 15 years, the stock of infrastructure assets increased in LIDCs …, even though large gaps remain compared to emerging markets. Infrastructure in LIDCs is largely provided by the public …
Persistent link: https://www.econbiz.de/10012942335
Recent studies have found that resource-rich low-income countries are better off investing their resource revenues domestically rather than saving them abroad in a sovereign wealth fund (SWF). This paper finds an optimal rule-based policy of accumulating public capital and its associated public...
Persistent link: https://www.econbiz.de/10014533530
relatively faster buildup of sustainable public capital and sustain higher non-oil growth without adversely affecting the debt … form of a misallocation of resources can hinder attainment of sustainable public capital and positive non-oil growth …
Persistent link: https://www.econbiz.de/10012999764
Persistent link: https://www.econbiz.de/10012651540