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The shift to a parliamentary democracy in 2010 provided an impetus for the Kyrgyz Republic to reform the economy. Despite the recent progress, the Kyrgyz Republic faces significant economic challenges, which will require actions on many fronts. Improving the business climate, governance, and...
Persistent link: https://www.econbiz.de/10011245762
Countries vary widely with respect to the share of government spending on health, a metric that can serve as a proxy for the extent to which health is prioritized by governments. World Health Organization (WHO) data estimate that, in 2011, health's share of aggregate government expenditure in...
Persistent link: https://www.econbiz.de/10010754596
Persistent link: https://www.econbiz.de/10005777243
system development, sovereign debt vulnerabilities, and ways to sustain progress in reducing inflation by strengthening the …
Persistent link: https://www.econbiz.de/10005590924
The 2008-09 global economic crises have shown that no country is immune to external challenges. When policy controls are missing or not used efficiently, crises can reverse progress even in advanced economies. This unexpected outcome has increased concerns about the ability of governments in...
Persistent link: https://www.econbiz.de/10010829327
This note analyzes levels and trends of health expenditures by country, income group, and region in the context of overall government revenue, expenditure, and GDP trends between 1995 and 2010. The study uses available data from the World Health Organization's (WHO) National Health Accounts, the...
Persistent link: https://www.econbiz.de/10010829330
their debt level, considering evidence from Portugal for the period 2004 - 2013. A static panel data model is applied …-electoral cycle, allowing the conclusion that, given the evidence from Portuguese municipalities, debt increases in election years … local authorities' debt levels. It is also clear that the financial crisis in the period 2008 - 2010 likewise had a positive …
Persistent link: https://www.econbiz.de/10011480619
their debt level, considering evidence from Portugal for the period 2004 - 2013. A static panel data model is applied …-electoral cycle, allowing the conclusion that, given the evidence from Portuguese municipalities, debt increases in election years … local authorities' debt levels. It is also clear that the financial crisis in the period 2008 - 2010 likewise had a positive …
Persistent link: https://www.econbiz.de/10011306019
Transparency is a necessary condition in order to financial market could exert an adequate discipline over public agents’ borrowing policy. In federal and decentralized countries, the risk of insolvency is bigger, given that expenditure and revenue policies are shared among several tiers of...
Persistent link: https://www.econbiz.de/10010992284
This paper analyzes the factors that directly influence levels of debt in Spanish local governments. Specifically, the … varying effect of each covariate depending on each municipality’s specific debt level, which suggests that economic policy …
Persistent link: https://www.econbiz.de/10010940512