Showing 1 - 10 of 12,110
We construct a dynamic model of a small open economy to analyze the effects of large energy subsidies. The model includes domestic energy production and consumption, trade in energy at world market prices, as well as private and public sector production. The model is calibrated to Egypt and used...
Persistent link: https://www.econbiz.de/10010479353
Demand and Growth Regimes (DGR) and Macroeconomic Policy Regimes (MPR) frameworks have taken prominence within the post … terms of aggregate demand and growth. In particular, it is possible to observe the MPR and DGR transition between 2002 and …
Persistent link: https://www.econbiz.de/10013500700
A big challenge for the economic development of small island countries is dealing with external shocks. The Pacific Islands are vulnerable to natural disasters, climate change, commodity price changes, and uncertain donor grants. The question that arises is how should small developing countries...
Persistent link: https://www.econbiz.de/10012103680
Papua New Guinea (PNG) is a fragile state, vulnerable to recurrent shocks. A third wave of the COVID-19 pandemic is straining the healthcare system. Widespread vaccine hesitancy has contributed to very low uptake of the vaccines with about only 2 percent of the population fully vaccinated. Real...
Persistent link: https://www.econbiz.de/10013168920
countries, an idea that captivates policymakers in international aid and trade diplomacy. A lengthy literature and recent data …
Persistent link: https://www.econbiz.de/10010423766
have an effect on growth. We find evidence to support the most recent studies showing that aid has a positive impact on … for aid to achieve impact on growth. Second, we test whether donor aid facilitates political business cycles, and … and/or monetary stimuli to foster economic growth and thus, maximize the probability of re-election. Using a panel dataset …
Persistent link: https://www.econbiz.de/10010425074
Most Organization for Economic Co-operation and Development countries have accepted, in principle at least, the 50-year-old commitment of contributing 0.7 per cent of gross national income to supporting the development of countries in the Global South. But what if all countries made a universal...
Persistent link: https://www.econbiz.de/10012161304
responsiveness of employment to growth. The role of development aid in this context is problematic. Across Africa more aid went to … countries with a low employment intensity of growth. The paper proposes a new approach to aid and poverty in Africa, one that …Growth and poverty reduction in Africa are weakly linked. This paper argues that the reason is that Africa has failed …
Persistent link: https://www.econbiz.de/10010243497
the world. Using AidData for 2000-13, this paper examines the effects of aid to productive sectors on manufacturing growth … in Africa. Econometric results show that increased assistance to these sectors is associated with an increase in growth … productive sectors and growth of the manufacturing sector. These findings make an important contribution to the economic …
Persistent link: https://www.econbiz.de/10012887967
to volatile foreign aid, in a small open economy model that incorporates typical features of low-income countries. Within … a class of policy rules, it jointly considers the optimal aid spending and international reserve accumulation policies … aid, while partially accumulating foreign exchange reserves to offset Dutch disease effects. Also, allocating relatively …
Persistent link: https://www.econbiz.de/10012102039