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Do sovereign wealth funds (SWFs) contribute to Africa's development? This paper assesses the objectives of SWFs (fiscal stabilization, productive investment, intergenerational saving) and discusses alternatives. We argue that fiscal stabilization funds are often necessary, but entail...
Persistent link: https://www.econbiz.de/10013469624
The sustainability of the Nigerian fiscal deficit along with the role of the dynamics of government revenues and … budget deficit sustainability in the country. …
Persistent link: https://www.econbiz.de/10011487675
the debt sustainability and macroeconomic effects of public investment plans in resource-abundant developing countries … floors, respectively - are then triggered to maintain debt sustainability. The paper illustrates how the model can be … particularly useful to assess debt sustainability in countries that borrow against future resource revenues to scale up public …
Persistent link: https://www.econbiz.de/10013055259
Persistent link: https://www.econbiz.de/10013055604
public capital is accumulated and impact non-resource growth and, ultimately, debt sustainability …
Persistent link: https://www.econbiz.de/10013061161
The article aims to provide a new approach to the modelling of fiscal policy effectiveness in Azerbaijan. It is argued that massive transfer of oil revenues from SOFAZ to state budget after 2008 has sharply declined the impact of budget expenditures over non-oil sector economic performance, so...
Persistent link: https://www.econbiz.de/10012829193
country with looming oil exhaustibility concerns. Our results highlight the risks to fiscal and capital sustainability of oil … and debt sustainability in the face of exhaustible and volatile resource revenues, low public investment quality in the …
Persistent link: https://www.econbiz.de/10012999764
This paper empirically explores the relationship between debt and growth for a number of developing and industrial economies. For developing countries, we find that lower total external debt levels are associated with higher growth rates, and that this negative relationship is driven by the...
Persistent link: https://www.econbiz.de/10013208488
This paper develops new error assessment methods to evaluate the performance of debt sustainability analyses (DSAs) for …
Persistent link: https://www.econbiz.de/10012942354
More than five years have elapsed since the onset of the Great Recession and to distress of all those affected by the slowdown, a decisive turning point continues to recede into the future. Growth rates are low in the OECD countries (1.25% in 2012-2013) and increasingly sluggish in the...
Persistent link: https://www.econbiz.de/10013043558