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This paper discusses some puzzles in the contemporary macroeconomic scene in India, from the perspective of public finance and economic development. These include a fiscal deficit higher than it was during the 1991 crisis, but without a large current account deficit or rise in inflation or...
Persistent link: https://www.econbiz.de/10011520530
This paper discusses some puzzles in the contemporary macroeconomic scene in India, from the perspective of public finance and economic development. These include a fiscal deficit higher than it was during the 1991 crisis, but without a large current account deficit or rise in inflation or...
Persistent link: https://www.econbiz.de/10014070498
earnings of capital will lay the market foundation for greater and more sustainable employment and growth. The approach has … capacity for their economically disadvantaged citizenry and sustainable growth. Such undertakings are not without collective …
Persistent link: https://www.econbiz.de/10013128017
The worldwide trend towards privatisation, liberalisation and globalisation has produced substantial economic benefits. Nevertheless, liberalisation has had its shortcomings and there are potential threats to further progress, including in particular an anti-liberalisation backlash. Continuing...
Persistent link: https://www.econbiz.de/10014026087
This special feature studies the risks posed by the rapid rise in property developer debt in several Asian economies in recent years. Gradually, the firms involved are shifting away from traditional bank loans and choosing to issue debt securities, often in foreign currency. So far indebtedness...
Persistent link: https://www.econbiz.de/10012925137
This paper investigates how external sector-level financial shocks are transmitted to a small open economy through international production networks. Using a multi-sector two-country model with asymmetric country size, I show analytically that a financial shock to the large country's production...
Persistent link: https://www.econbiz.de/10013236216
-run effects of capital markets integration, in equilibrium, on the optimal provision of education and growth. Third, we examine a …
Persistent link: https://www.econbiz.de/10009781565
This paper develops a flexible price, two-sector nominal growth model, in order to study the nominal aspects of capital …
Persistent link: https://www.econbiz.de/10010494341
This paper derives the balance of payments-constrained growth (BPCG) model as a special case of a three good framework …-constrained growth rate. These findings help explain why empirical estimates tend to overestimate the BPCG rate. Overall our findings …
Persistent link: https://www.econbiz.de/10010287837
This paper derives the balance of payments-constrained growth (BPCG) model as a special case of a three good framework …-constrained growth rate. These findings help explain why empirical estimates tend to overestimate the BPCG rate. Overall our findings … under consideration. -- Balance of payments-constrained growth model ; non-tradables ; demand-led growth ; real exchange …
Persistent link: https://www.econbiz.de/10003879795