Showing 31 - 40 of 12,658
This paper attends to institutional challenges Sub-Saharan Africa (SSA) faces in its attempt to capture private finance for transport infrastructure management. The paper starts with an exposition of the state of the road network in SSA, identifying a major gap in investment. This gap is partly...
Persistent link: https://www.econbiz.de/10013016735
Sub-Saharan Africa (SSA) needs to invest 1.5-2.0 percent of its gross domestic product (GDP) on roads annually, over at least five years, which amounts to typically a threefold increase in spending. Otherwise the road network will continue to pose a major impediment to achieving the first goal...
Persistent link: https://www.econbiz.de/10013016741
This paper examines capital tax competition in the presence of an interstate transfer policy without federal commitment. Lack of commitment implies that tax policy is chosen prior to federal transfers. The paper's main result is that ex-post federal policy internalizes horizontal fiscal...
Persistent link: https://www.econbiz.de/10013319919
We explore the implications of trade liberalization in economies with State Owned enterprises (SOEs) and shirking. SOEs are modelled as controlled by the members of the enterprise who determine output and effort levels, while facing output prices and wage rates set by government. Enterprise...
Persistent link: https://www.econbiz.de/10013321193
In both academic research and policymaking, public sector debt and debt-to-GDP ratios are relied on for a multitude of important economic, political and socioeconomic decisions, especially as public sector balance sheets expand to an unprecedented size in the midst of the 2019–2020 COVID...
Persistent link: https://www.econbiz.de/10012295983
The empirical evidence on the relationship between political decentralization and corruption is far from clear. We develope a model that analizes the relationship between decentralization and corruption and show how cost–benefit calculations can lead public administrations to tolerate a...
Persistent link: https://www.econbiz.de/10011967454
Most countries exhibit large and persistent geographical differences in wages, income and unemployment rates. A growing class of "place based" policies attempt to address these differences through public investments and subsidies that target disadvantaged neighborhoods, cities or regions. Place...
Persistent link: https://www.econbiz.de/10010887109
Based on the conceptual framework developed by the European Commission for linking the quality of public finances and economic growth, this study examines empirically the key channels through which fiscal policy impacts economic growth in the Mediterranean partner countries of the EU. The...
Persistent link: https://www.econbiz.de/10008595792
Until the early 1990s, the discussions on fiscal policy primarily centered on the functions of economic stabilization, income redistribution and resource allocation. Long-term growth was not usually viewed as an end itself, and fiscal policy was often not sufficiently tailored to the different...
Persistent link: https://www.econbiz.de/10008742962
There is plenty of conversation about how to reduce state prison populations, but what almost no one talks about is this: states are under no obligation to provide prisons, nor are they obliged to pay for the costs associated with prison sentences. Perhaps this silence comes from an assumption...
Persistent link: https://www.econbiz.de/10014180881