This paper examines the relation between fiscal deficits and growth for a panel of 45 developing countries. Based on a consistent treatment of the government budget constraint, it finds evidence of a threshold effect at a level of the deficit around 1.5% of GDP. While there appears to be a...

For many low-income countries, there has been an extended period in which fiscal policy was not a choice, or was a choice made by authorities external to the country. For a number of them, this situation is now changing. Their own success in stabilising the economy, coupled with a shift in the...

"An examination of privatization from an economic perspective. The authors evaluate the effects of ownership transfer on economic performance and market structure in seven developing countries: Jamaica, Trinidad and Tobago, Malaysia, Papua New Guinea, Sri Lanka, Kenya, and Malawi"--Handbook of...