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We construct a dynamic model of a small open economy to analyze the effects of large energy subsidies. The model includes domestic energy production and consumption, trade in energy at world market prices, as well as private and public sector production. The model is calibrated to Egypt and used...
Persistent link: https://www.econbiz.de/10010479353
Demand and Growth Regimes (DGR) and Macroeconomic Policy Regimes (MPR) frameworks have taken prominence within the post … terms of aggregate demand and growth. In particular, it is possible to observe the MPR and DGR transition between 2002 and …
Persistent link: https://www.econbiz.de/10013500700
Papua New Guinea (PNG) is a fragile state, vulnerable to recurrent shocks. A third wave of the COVID-19 pandemic is straining the healthcare system. Widespread vaccine hesitancy has contributed to very low uptake of the vaccines with about only 2 percent of the population fully vaccinated. Real...
Persistent link: https://www.econbiz.de/10013168920
A big challenge for the economic development of small island countries is dealing with external shocks. The Pacific Islands are vulnerable to natural disasters, climate change, commodity price changes, and uncertain donor grants. The question that arises is how should small developing countries...
Persistent link: https://www.econbiz.de/10012103680
, intensity, and continuity of trends in total tax and total revenue collection, with implications for aid, fiscal policy, and … moderate to high growth rates in total revenues in the early to late 2000s, moderate growth levels may have turned out to be …
Persistent link: https://www.econbiz.de/10012799100
to volatile foreign aid, in a small open economy model that incorporates typical features of low-income countries. Within … a class of policy rules, it jointly considers the optimal aid spending and international reserve accumulation policies … aid, while partially accumulating foreign exchange reserves to offset Dutch disease effects. Also, allocating relatively …
Persistent link: https://www.econbiz.de/10012102039
aid. It provides a brief overview of the literature on Dutch Disease (DD) as applied to mineral wealth and then assesses … is a surge in foreign aid. This analysis is designed to illuminate the circumstances in which an aid-induced DD effect is … study concludes with an empirical assessment of the relative importance of mineral-based and aid-based DD problems in low …
Persistent link: https://www.econbiz.de/10010319895
Persistent link: https://www.econbiz.de/10011342861
This paper employs a cointegrated vector autoregressive model to assess the growth effect of aid in Uganda over the … period 1972-2008. Results show that aid in Uganda has had both direct and indirect beneficial association with growth; that … it is the productivity and not the stead state level of investment that contributes to achieving target growth rates; and …
Persistent link: https://www.econbiz.de/10010187179
A dynamic relationship between foreign aid and domestic fiscal variables in Uganda is analysed using a cointegrated … vector autoregressive model over the period 1972-2008. Results show that aid is a significant element of long-run fiscal … are the pulling forces, while those to domestic borrowing, government spending and aid are the pushing forces of the …
Persistent link: https://www.econbiz.de/10010191186