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Effectiveness of Sovereign Oil Funds as Instruments of Fiscal Stability : A Panel Data Analysis of the Influence of Sovereign Oil Funds on Government Spending and Fiscal Balance

Etemad, Alexandre - 2014

To enrich the debate about the fiscal effectiveness of sovereign wealth funds, this paper explores the effect of sovereign wealth funds (more precisely sovereign oil funds, SOFs) on the government spending in real term and as a share of GDP. First, we evaluate the relationship between the...

Persistent link: https://www.econbiz.de/10013054164

Effectiveness of Sovereign Oil Funds as Instruments of Fiscal Stability : A Time-Series and Panel Data Analysis of the Relationship between Real Government Spending and Real Oil Ex...

Etemad, Alexandre - 2014

To enrich the debate about the effectiveness of sovereign wealth funds, this paper explores the relationship between real government spending and real oil export revenues for a sample of six countries. This exploration uses an econometric analysis based on time-series data and its purpose is to...

Persistent link: https://www.econbiz.de/10013054166

Italy and the Euro Area Crisis: Securing Fiscal Sustainability and Financial Stability

Denk, Oliver - Economics Department, Organisation de Coopération et … - 2013

Italy’s policy of fiscal consolidation and growth-friendly structural reforms has substantially improved its economic prospects, but the adverse sentiment that the country has faced in the sovereign bond market over the past years has deep roots. It reflects lingering anxieties over the euro...

Persistent link: https://www.econbiz.de/10011276838

South East Europe Six: From Double-Dip Recession to Accelerated Reforms

Bogetic, Zeljko - In: World Bank - Economic Premise (2013) 103, pp. 1-6

This note discusses the external environment, economic outlook, and key policy challenges for the six South East European Countries (SEE6)—Albania, Bosnia and Herzegovina (BIH), Kosovo, the former Yugoslav Republic (FYR) of Macedonia, Montenegro, and Serbia—as they seek to reignite economic...

Persistent link: https://www.econbiz.de/10010604323

Effectiveness of Sovereign Oil Funds as Instrument of Macroeconomic Stability

Etemad, Alexandre - 2014

Mineral-rich developing countries are increasingly using nonrenewable resource funds to deal commodity price volatility. Empirically, the effectiveness of sovereign oil funds (SOFs) in stabilizing fiscal revenue and macroeconomic volatility appears to be rather limited, although there has been...

Persistent link: https://www.econbiz.de/10014145731

Die Reform des Geld - und Währungssystems der Republik Kroatien unter dem Einfluss der europäischen Integrationsprozesse

Marković, Branimir; Matić, Branko - Volkswirtschaftliche Fakultät, … - 2004

Through a continuous reform of its fiscal system (especially the tax system), the Republic of Croatia has harmonized them with those of EU countries, in keeping with European integration processes and the intention to become a full EU member. Certain differences are still in place (tax rates,...

Persistent link: https://www.econbiz.de/10005790028

India's Public Finances: Excessive Budget Deficits, a Government-Abused Financial System and Fiscal Rules

Buiter, Willem H.; Patel, Urjit R. - C.E.P.R. Discussion Papers - 2006

Capital formation is a key driver of the growth of potential output. With continuing widespread capital controls and persistently small inward FDI the volume of capital formation in India is constrained by domestic saving. The national saving rate in India (the sum of the saving rates of...

Persistent link: https://www.econbiz.de/10005123636

Employment and productivity growth in Tanzania's service sector

Ellis, Mia; McMillan, Margaret Stokes; Silver, Jed - 2017

Despite Tanzania's rapid recent growth, the vast majority of employment creation has been in informal services. This … finds that subsectors such as trade services contribute significantly to employment despite their relatively low … paper addresses the role that different subsectors of formal and informal services have played in Tanzania's growth. It …

Persistent link: https://www.econbiz.de/10011592917

ROMANIA’S TOURISM SECTOR: ACTIVITY AND EMPLOYMENT

COROS, MONICA MARIA; GUT, CARMEN MARIA - In: JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA (2006)

The present paper aims to analyze the situation of Romania’s tourism activity, beginning with 1990, when our country … that related to the development of the tourism accommodation facilities and to that of the employment of this sector …. Finally, we intend to correlate the three analyzed factors for identifying the possible solutions for reestablishing tourism …

Persistent link: https://www.econbiz.de/10010556128

Zum politischen Machtwechsel in Griechenland. Die Parlamentswahlen von Januar 2015 aus einem kritischen Blickwinkel

Mavrozacharakis, Emmanouil - Volkswirtschaftliche Fakultät, … - 2015

The Greek parliamentary elections in January .2015 led to a foreseeable change in government. The coalition government between the conservative Nea Dimokratia and of the socialist PASOK, become replaced. by a coalition government between the left wing coalition party SYRIZA and the extreme...

Persistent link: https://www.econbiz.de/10011185382