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The study explores the nonlinear linkage between government expenditure and government revenue using quarterly data … integration of the variables, cointegration, granger causality and variance decomposition within the SVAR model. Nonlinear … techniques are employed to spot the asymmetric relation of the univariate and the expenditure and revenue linkage. Asymmetric …
Persistent link: https://www.econbiz.de/10013179514
Persistent link: https://www.econbiz.de/10011710704
The recent rise in inflation in Timor–Leste has raised concerns about international competitiveness and the cost of living. After remaining relatively subdued for several years, inflation in Timor–Leste rose decisively over the past two years. Higher food prices account for most of...
Persistent link: https://www.econbiz.de/10011244302
IMF engagement with Niger since 2005 has remained constructive. IMF-supported programs have contributed to the authorities’ goals of macroeconomic stability, growth, and human development progress. Development of Niger’s uranium and petroleum resources provides an important...
Persistent link: https://www.econbiz.de/10011244384
Senegal’s second review under the Policy Support Instrument and request for a Twelve-Month Arrangement under the Exogenous Shocks Facility, and request for Waivers and Modification of Assessment Criteria are assessed. Rising food and energy prices have presented a shock to the balance of...
Persistent link: https://www.econbiz.de/10011244488
Senegal’s staff report for the 2008 Article IV Consultation highlights the rapidly rising energy and food prices, and the high inflation in 2007 that put pressure on the fiscal and external accounts. Senegal’s macroeconomic policies were being pursued under an economic program...
Persistent link: https://www.econbiz.de/10011244491
and progress in public expenditure management. FNDP has strengthened its focus on key issues, emphasizes achieving …
Persistent link: https://www.econbiz.de/10011244553
This report reviews the Article IV Consultation with Algeria on economic developments and policies. Algeria has enjoyed several years of strong economic performance driven by public spending, but continues to face important challenges. Nonhydrocarbon (NH) growth and job creation are largely...
Persistent link: https://www.econbiz.de/10011244578
Benin, a member of the CFA franc zone, has experienced uneven economic progress over the last several decades. It has a long history of engagement with the IMF. This ex post assessment update covers primarily the implementation of the program supported by the 2005–09 poverty reduction...
Persistent link: https://www.econbiz.de/10011244592
Timor–Leste’s initial efforts to develop a stable and healthy economy have been interrupted by the civil unrest of the past two years. The security situation remains fragile and an economic burden. The key challenge remains how to manage the abundant petroleum revenue to alleviate...
Persistent link: https://www.econbiz.de/10011244641