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Impacts of US interest rates on growth, income distribution, and macroeconomic policy space in developing countries : a SFC supermultiplier model
Emboava Vaz, João - 2024
This paper presents a stock-flow-consistent model in which growth is led by exports and government expenditure. It considers domestic and external debt dynamics and gross capital flows. Countries may choose to not fully use their external space to accumulate international reserves. The model is...
Persistent link: https://www.econbiz.de/10014495213
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State capacity and the quality of policies : revisiting the relationship between openness and the size of government
Chuaire, María Franco; Scartascini, Carlos G.; … - 2014
The literature has identified that countries with higher levels of openness tend to present a larger government sector … as a way to reduce the risks to the economy that openness entails. This paper argues that there are a number of policies … between openness and the size of government might be mediated by the quality of its public sector. While countries with weak …
Persistent link: https://www.econbiz.de/10011286644
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Outward-Orientation and Development: Are Revisionists Right
Srinivasan, T. N.; Bhagwati, Jagdish - 1999
.g. Sachs and Warner (1995)) and opponents (Rodriguez and Rodrik (1999)) of the view that openness to trade is linked to higher …. It concludes that the virtues of openness established in these nuanced in-depth studies remain unrefuted. …
Persistent link: https://www.econbiz.de/10010369159
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Regulation, trade and economic growth
Königer, Jens Olaf; Silberberger, Magdalena - 2015
The role of regulatory quality as one of the so-called deep determinants of growth has emerged as an important issue in economic research in the past 20 years. The positive or negative growth effects of a countryś regulatory framework are amplified by economic integration, which makes factors...
Persistent link: https://www.econbiz.de/10011298539
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Outward-orientation and development : are revisionists right
Srinivasan, Thirukodikaval N.; Bhagwati, Jagdish N. - 1999
.g. Sachs and Warner (1995)) and opponents (Rodriguez and Rodrik (1999)) of the view that openness to trade is linked to higher …. It concludes that the virtues of openness established in these nuanced in-depth studies remain unrefuted. …
Persistent link: https://www.econbiz.de/10011609050
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Stabilization Policy, Infrastructure Investment, and Welfare in a Small Open Economy
Germaschewski, Yin - 2019
This paper studies a joint monetary and fiscal policy response to an increase in public infrastructure investment in emerging market economies. I extend the neoclassical growth model to a two-sector open economy setting, and introduce heterogeneous agents to examine the distributional effects of...
Persistent link: https://www.econbiz.de/10012897522
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Walking the tightrope of real exchange rate policy for development : the roles of targets, instruments, and saving rates
Razmi, Arslan - 2019
Real exchange rate policy can potentially be utilized to target the trade balance and/or development through capital accumulation. However, the presence of distributional conflict and the trade-off between current and future trade imbalances complicates matters. I show that policy assignment...
Persistent link: https://www.econbiz.de/10012117666
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Government Budgetary Policies, Economic Growth, and Currency Substitution in a Small Open Economy
Holman, Jill Ann - 2001
This paper compares the macroeconomic consequences of alternative government budgetary policies in a small open economy where agents transact in both domestic and foreign currencies. An endogenous growth model is used to rank the effects of income-tax-financed and inflation-tax-financed...
Persistent link: https://www.econbiz.de/10014129818
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Growth Effects in a Stochastic Model of Currency Crisis
Shankar, Rashmi - 2008
The main contributions of this paper are to introduce growth into a crisis framework and to derive the contingency plans for consumption and investment in a manner consistent with the stochastic nature of the state of the economy. The conclusion is that expected deviations from trend in the...
Persistent link: https://www.econbiz.de/10014123866
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Economic Growth and Tax-Competing Leviathans
Rauscher, Michael - 2021
Is tax competition good for economic growth? The paper addresses this question by means of a simple model of economic growth in which a wasteful Leviathan state sets taxes and provides productive input. Wasteful behaviour is restricted by the voter, who reduces political support if her income is...
Persistent link: https://www.econbiz.de/10013319435