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In recent years, many countries have adopted Fiscal Responsibility Laws to strengthen fiscal institutions and promote fiscal discipline in a credible, predictable and transparent manner. Still, results on the effectiveness of these laws remain tentative. In this paper, we test empirically...
Persistent link: https://www.econbiz.de/10008727801
-2009. After testing five fiscal measures - government expenditure, consumption, investment, non-oil revenue, and non-oil primary …
Persistent link: https://www.econbiz.de/10009203530
This paper explores sources of the output collapse in Russia during transition. A modified growth accounting framework is developed that takes into account changes in factor utilization typical of the transition process. The results indicate that declines in factor inputs and productivity were...
Persistent link: https://www.econbiz.de/10005826009
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The paper is about the economic modelling of aggregate consumption expenditure with particular emphasis on the … stability") we shall derive a first order approximation for the change in the aggregate consumption ratio. This approximation … allows to analyze whether and how the distribution effect on income affects the aggregate consumption ratio. …
Persistent link: https://www.econbiz.de/10005776106