Showing 1 - 10 of 18,580
Developing economies with high levels of open or hidden unemployment face structural transformation problems. Unlike in mature economies there are no structural aggregate demand problems, and sustained aggregate demand stimulus can lead to a profit squeeze in the modern sector and...
Persistent link: https://www.econbiz.de/10012262305
Fiscal positions of African countries have improved significantly during the past decade. Higher economic growth, better terms of trade, improved donor support notably through debt relief and better control of expenditure contributed to this improvement. But at the same time government revenue...
Persistent link: https://www.econbiz.de/10010211466
The Organization for Economic Cooperation and Development (OECD) under Base Erosion and Profit Shifting (BEPS) Action 2 indicated that tax arbitrage via hybrid mismatch arrangements “result in a substantial erosion of the taxable bases of the countries concerned” and “have an overall...
Persistent link: https://www.econbiz.de/10011747287
Persistent link: https://www.econbiz.de/10011747434
Ragnar Nurkse was one the pioneers in development economics. This paper celebrates the hundredth anniversary of his … employment policy in mobilizing domestic resources and the difficulties surrounding the use of external resources to finance …-of-last-resort proposals. -- Ragnar Nurkse ; Development Economics ; Employer of Last Resort …
Persistent link: https://www.econbiz.de/10003727246
currency system, sets harsh constraints for policy space towards implementing national strategies. …
Persistent link: https://www.econbiz.de/10011300734
Fiscal positions of African countries have improved significantly during the past decade. Higher economic growth, better terms of trade, improved donor support notably through debt relief and better control of expenditure contributed to this improvement. But at the same time government revenue...
Persistent link: https://www.econbiz.de/10010212759
Persistent link: https://www.econbiz.de/10009723004
The most recent literature on aid effectiveness finds a positive effect of aid on growth. To the extent that aid goes through the budget, this either reflects an aid-financed increase in government expenditures (quantity effect) or an improvement in the use of government resources as a result of...
Persistent link: https://www.econbiz.de/10010231655
This paper estimates the government spending multiplier for natural resource-rich low-income countries (LICs). Kraay (2014) identification strategy exploits the long lags between approval and eventual disbursement of loans to isolate a predetermined component of public spending associated with...
Persistent link: https://www.econbiz.de/10011547618