Debt Investment And Growth In Developing Countries With Segmented Labor Markets
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Debt Investment And Growth In Developing Countries With Segmented Labor Markets
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Author : Mr.Edward F Buffie
language : en
Publisher: International Monetary Fund
Release Date : 2020-06-19
Debt Investment And Growth In Developing Countries With Segmented Labor Markets written by Mr.Edward F Buffie and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-06-19 with Business & Economics categories.
We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG) model widely used at the IMF since 2012. The new DIG-Labor models feature segmented labor markets, efficiency wages and open unemployment, and an informal non-agricultural sector. These features allow for a deeper examination of macroeconomic and fiscal policy programs and their impact on labor market outcomes, inequality, and poverty. The paper illustrates the model's properties by analyzing the growth, debt, and distributional consequences of big-push public investment programs with different mixes of investment in human capital and infrastructure. We show that investment in human capital is much more effective than investment in infrastructure in promoting long-run economic development when investments earn their average estimated returns. The decision about how much to invest in human capital versus infrastructure involves, however, an acute intertemporal trade-off. Because investment in education affects labor productivity with a long lag, it takes 15+ years before net national income, the private capital stock, real wages for the poor, and formal sector employment surpass their counterparts in a program that invests mainly in infrastructure. The ranking of alternative investment programs depends on the policymakers' social discount rate and on the weight of distributional objectives in the social welfare function.
Mining Revenues And Inclusive Development In Guinea
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Author : Alejandro Badel
language : en
Publisher: International Monetary Fund
Release Date : 2023-04-29
Mining Revenues And Inclusive Development In Guinea written by Alejandro Badel and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-04-29 with Business & Economics categories.
What are the potential benefits of increasing the taxation of a foreign extractive sector? This paper applies this question to the case of Guinea by using a multi-sector macro-inequality model with heterogeneous agents. We quantify the long-run equilibrium impact of additional taxation when the proceeds are invested in human capital, inclusive infrastructure, and social transfers. Our analysis focuses on the response of GDP, labor formalization, poverty rates, Gini coefficients, rural/urban inequality and sectoral reallocation. The three forms of investment are complementary. Infrastructure investments favor formal production in the urban area while growth and government transfers boost the demand for food. These effects help support the rate of return to education, protecting job formalization through higher wages and prices of informal goods, as the education policy boosts labor supply in rural and urban areas.
Macroeconomic Research In Low Income Countries
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Author : Hites Ahir
language : en
Publisher: International Monetary Fund
Release Date : 2021-03-24
Macroeconomic Research In Low Income Countries written by Hites Ahir and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-24 with Business & Economics categories.
Despite strong economic growth since 2000, many low-income countries (LICs) still face numerous macroeconomic challenges, even prior to the COVID-19 pandemic. Despite the deceleration in real GDP growth during the 2008 global financial crisis, LICs on average saw 4.5 percent of real GDP growth during 2000 to 2014, making progress in economic convergence toward higher-income countries. However, the commodity price collapse in 2014–15 hit many commodity-exporting LICs and highlighted their vulnerabilities due to the limited extent of economic diversification. Furthermore, LICs are currently facing a crisis like no other—COVID-19, which requires careful policymaking to save lives and livelihoods in LICs, informed by policy debate and thoughtful research tailored to the COVID-19 situation. There are also other challenges beyond COVID-19, such as climate change, high levels of public debt burdens, and persistent structural issues.
Natural Gas In Developing Countries
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Author : John Homer
language : en
Publisher: World Bank Publications
Release Date : 1993
Natural Gas In Developing Countries written by John Homer and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Business & Economics categories.
Describes how to run a sound and efficient bank in a liberalized financial environment. Also available: Banking Institutions in Developing Markets. Volume 2: Interpreting Financial Statements Chris J. Barltrop and Diana McNaughton 152 pages / (ISBN 0-8213-2218-4) / Stock No. 12218 / $20.00 / Price code S2
Globalization And Informal Jobs In Developing Countries
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Author : Marc Bacchetta
language : en
Publisher: World Trade Organization
Release Date : 2009
Globalization And Informal Jobs In Developing Countries written by Marc Bacchetta and has been published by World Trade Organization this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Business & Economics categories.
World trade has expanded significantly in recent years, making a major contribution to global growth. Economic growth has not led to a corresponding improvement in working conditions and living standards for many workers. In developing countries, job creation has largely taken place in the informal economy, where around 60 per cent of workers are employed. Most of the workers in the informal economy have almost no job security, low incomes and no social protection, with limited opportunities to benefit from globalization. This study focuses on the relationship between trade And The growth of the informal economy in developing countries. Based on existing academic literature, complemented with new empirical research by the ILO And The WTO, The study discusses how trade reform affects different aspects of the informal economy. it also examines how high rates of informal employment diminish the scope for developing countries to translate trade openness into sustainable long-term growth. The report analyses how well-designed trade and decent-work friendly policies can complement each other so as to promote sustainable development and growing prosperity in developing countries.
Global View On The World Economy
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Author : Horst Siebert
language : en
Publisher: Routledge
Release Date : 2007-06-11
Global View On The World Economy written by Horst Siebert and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-06-11 with Business & Economics categories.
As globalization continues apace, market segmentations are diminishing, distance is shrinking and the boundaries between nation states are becoming increasingly blurred. National economies are closely interlinked through manychannels and we rarely view things from a single country’s view, adopting a global perspective instead. It is therefore imperative to understand how the world economy functions. This book utilizes up to date empirical evidence to illuminate the mechanics of the world as a single entity. The author explores the properties of the world economy, the diverse mechanisms of interdependence, shocks and disturbances, economic processes and structures, and the institutional arrangements that guide these processes. Key topics covered include: world GDP, growth and global product and factor markets China as a new global player the roots and impact of financial and currency crises the performance of the developing countries over time (which have gained, which have lost?) conflicts between the national interest and global concerns (protectionism, locational competition for mobile factors of production, environmental issues) the institutional arrangements for the world economy (IMF, WTO). The World Economy: A Global Analysis will be essential reading for students studying the world economy from the perspective of economics, finance, business and politics.
Information Technology In World Bank Lending
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Author : Nagy Hanna
language : en
Publisher: World Bank Publications
Release Date : 1993-01-01
Information Technology In World Bank Lending written by Nagy Hanna and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-01-01 with Business & Economics categories.
This study describes a strategy to reduce poverty by boosting labor productivity and economic growth. It focuses on Uganda's two key sectors, agriculture and industry. The strategy seeks to make Uganda a self-sufficient food producer and a major crop exporter. It also advocates policies that would make the nation less dependent on imports and better at marketing its own products. Some suggestions include ways to improve labor markets, raise agricultural output, and broaden the tax base. Other recommendationsdiscuss ways to develop the financial sector and spur savings and investment. Also examined are the government's economic adjustment policies and their effects on the poor. Analysts point out the different ways that poverty affects men and women. The study also discusses how to increase public funds for social services that would improve the labor force. It recommends policies that will help women become full partners in Uganda's development. Tables and other illustrations throughout the text provide detailed statistics on Uganda's economic status. Topics include crop yields, poverty indicators, gross domestic product, and public sector expenses.
Exporting High Value Food Commodities
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Author : Steven Jaffee
language : en
Publisher: World Bank Publications
Release Date : 1993-01-01
Exporting High Value Food Commodities written by Steven Jaffee and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-01-01 with Business & Economics categories.
The economic integration of the European Community (EC) and its implications for Sub-Saharan Africa are examined in this anthology.
Korean Industrial Policy
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Author : Danny M. Leipziger
language : en
Publisher: World Bank Publications
Release Date : 1993
Korean Industrial Policy written by Danny M. Leipziger and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Business & Economics categories.
The World Bank is changing the way it does business in the energy sector. This Policy Paper is one of two that outlines the Bank's new policies for the sector. The review was prompted by concern about the effects of power generation on the environment and on populations that may be resettled to make way for projects. Another stimulus was the macroeceonomic reality of fewer investment resources in many countries. And many developing countries are becoming more receptive to reforming the way energy is produced and consumed. This paper credits the public monopoly approach of the last 30 years with facilitating expansion of power supplies, capturing technical economies of scale, and making effective use of scarce managerial and technical skills. Nonetheless, it recommends several new policies to improve the performance of the electric power sector in developing countries. These reforms will guide future Bank activities in the sector. Bank loans for electric power will go first to countries clearly committed to improving the performance of their power sectors. The Bank will also discourage subsidies on energy prices and will encourage private investment in utilities. And it will provide financing to help the least developed countries import power where local generation is not practical. The efficiency of production and use of electric power in developing countries is examined in a companion paper, Energy Efficiency and Conservation in the Developing World: The World Banks Role . The World Bank's Role in the Electric Power Sector is also available in Spanish: La funcion del Banco Mundial en el sector de la electricidad. Politicas para efectuar una reforma institucional, regulatoria, y financieria eficaz. (ISBN 0-8213-2451-9) / Stock No. 12451 / $7.95 / Price code 007 / Spanis
Making Motherhood Safe
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Author : Anne G. Tinker
language : en
Publisher: World Bank Publications
Release Date : 1993-01-01
Making Motherhood Safe written by Anne G. Tinker and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-01-01 with Social Science categories.
This collection reviews national policies that critically influence economic performance in developing countries. It describes principles that shape good economic policy and illustrates them with case studies. In an overview that draws together insights from the essays, the volume editor explains why poor countries need sound government policies to offset unfavorable conditions, including scant natural resources, adverse problems that occur with monetary and exchange rate policies and financial sector reform. The basic rules for monetary policy in an open economy are developed along with the different ways in which financial reform and financial repression affect an economy. Practical ways to deal with foreign exchange markets are described. They include such arrangements as multiple exchange rates for commercial transactions and dual rates that separate commercial and financial transactions. Also examined are the ways in which trade liberalization and trade restrictions impede economic development. Advice is given on developing a uniform structure that balances the administration of taxes with the efficiency of a tax structure. The book examines the relationship between budget deficits and money creation and suggests management strategies for developing sound economic policy that include advice on inflation control, international trade, import restrictions, income tax rates, and price and wage controls. Published for the World Bank by Oxford University Press.