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Senegal's fiscal deficit and public debt have been on the rise in recent years owing partly to an ailing and inefficient oil-based energy sector. In this paper we use a two-sector, open-economy, dynamic general equilibrium model to investigate the effects of varying fiscal policy instruments one...
Persistent link: https://www.econbiz.de/10013055672
Senegal's fiscal deficit and public debt have been on the rise in recent years owing partly to an ailing and inefficient oil-based energy sector. In this paper we use a two-sector, open-economy, dynamic general equilibrium model to investigate the effects of varying fiscal policy instruments one...
Persistent link: https://www.econbiz.de/10014411199
Persistent link: https://www.econbiz.de/10001300540
in the Theory of Exhaustible Resources', Bell Journal of Economics, 7 (2), Autumn, 359-70 -- 8. David Levhari and Nissan …-92 -- 9. Y. H. Farzin (1992), 'The Time Path of Scarcity Rent in the Theory of Exhaustible Resources', Economic Journal, 102 … Extraction, Substitute Production, and Monopoly', Journal of Economic Theory, 19 (1), October, 28-37 -- 24. Joseph E. Stiglitz …
Persistent link: https://www.econbiz.de/10012251698
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We sketch a model that shows how skill-biased technological change may reverse the classic Balassa-Samuelson effect, leading to a negative relationship between the productivity in the tradable sector and the real exchange rate. In a small open economy, export goods are produced with capital,...
Persistent link: https://www.econbiz.de/10009565836
We develop a fiscal dynamic stochastic general equilibrium (DSGE) model for policy simulation and scenario analysis purposes tailored to Latvia, a small open economy in a monetary union. The fiscal sector elements comprise public investment, public consumption, government transfers that are...
Persistent link: https://www.econbiz.de/10014319795
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