Macroeconomic Challenges Of Structural Transformation

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Macroeconomic Challenges Of Structural Transformation

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Author : Lacina Balma
language : en
Publisher: International Monetary Fund
Release Date : 2015-07-20

Macroeconomic Challenges Of Structural Transformation written by Lacina Balma 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 2015-07-20 with Business & Economics categories.

This paper analyzes the link between public investment, economic growth and debt sustainability in Sierra Leone using an inter-temporal macroeconomic model. In the model, public capital improves the productive capacity of private capital, generating positive medium and long term effects to increases in public investment. The model application indicates that a large increase in public investment would have positive macroeconomic effects in the medium term. However, since there is no free lunch, rigidities in tax adjustment would entail unrealistic and unachievable adjustment in the current spending to cover recurrent costs and ensure debt sustainability. A more ambitious increase in public investment would entail more fiscal adjustment, particularly if external commercial loans are secured to complement the adjustment. The model simulations also emphasize the importance of improvements in the structural economic conditions to reap growth dividends. In addition, even if the macroeconomic implications of public investment scaling-up can be favorable in the long term under changes in certain structural conditions, downside risks such as terms of trade shifts and Ebola-induced productivity shortfall expose the country to increased risk of unsustainable debt dynamics. This underscores the need to remove bottlenecks to growth and maintain prudent borrowing policies.

Macroeconomic Challenges Of Structural Transformation

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Author : Lacina Balma
language : en
Publisher: International Monetary Fund
Release Date : 2015-07-20

Macroeconomic Challenges Of Structural Transformation written by Lacina Balma 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 2015-07-20 with Business & Economics categories.

This paper analyzes the link between public investment, economic growth and debt sustainability in Sierra Leone using an inter-temporal macroeconomic model. In the model, public capital improves the productive capacity of private capital, generating positive medium and long term effects to increases in public investment. The model application indicates that a large increase in public investment would have positive macroeconomic effects in the medium term. However, since there is no free lunch, rigidities in tax adjustment would entail unrealistic and unachievable adjustment in the current spending to cover recurrent costs and ensure debt sustainability. A more ambitious increase in public investment would entail more fiscal adjustment, particularly if external commercial loans are secured to complement the adjustment. The model simulations also emphasize the importance of improvements in the structural economic conditions to reap growth dividends. In addition, even if the macroeconomic implications of public investment scaling-up can be favorable in the long term under changes in certain structural conditions, downside risks such as terms of trade shifts and Ebola-induced productivity shortfall expose the country to increased risk of unsustainable debt dynamics. This underscores the need to remove bottlenecks to growth and maintain prudent borrowing policies.

Macroeconomic Challenges To Structural Reform And Industrial Development

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Author : Meçik, Oytun
language : en
Publisher: IGI Global
Release Date : 2024-10-03

Macroeconomic Challenges To Structural Reform And Industrial Development written by Meçik, Oytun and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-10-03 with Business & Economics categories.

Nations are at a pivotal moment, grappling with significant macroeconomic challenges that impede structural reform and industrial development. From volatile global markets to domestic pressures of modernization and workforce transitions, they must address complex economic hurdles while striving to build competitive and sustainable industries. In this context, policymakers, economists, and researchers must work together to design and implement innovative strategies that can drive structural transformation, enhance industrial capacity, and secure long-term growth and stability. Macroeconomic Challenges to Structural Reform and Industrial Development brings together a diverse array of expert perspectives to explore the complex macroeconomic challenges facing structural reform and industrial development. By synthesizing the latest research findings, empirical evidence, and policy insights, the book offers a nuanced understanding of the key forces shaping these economic trajectories. Covering topics such as corrupt governments, post-growth economy, and sustainable growth, this book is an excellent resource for policymakers, economists, researchers, academics, and students.

Structural Reforms And Macroeconomic Performance Initial Considerations For The Fund

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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2015-10-14

Structural Reforms And Macroeconomic Performance Initial Considerations For The Fund written by International Monetary Fund 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 2015-10-14 with Business & Economics categories.

Structural policies have become a prominent feature of today’s macroeconomic policy discussion. For many countries, lackluster economic growth and high unemployment cloud the outlook. With fewer traditional policy options, policymakers are increasingly focused on the complementary role of structural policies in promoting more durable job-rich growth. In particular, the G20 has emphasized the essential role of structural reforms in ensuring strong, sustainable and balanced growth. Against this backdrop, the 2014 Triennial Surveillance Review (TSR) called for further work to enhance the Fund’s ability to selectively provide more expert analysis and advice on structural issues, particularly where there is broad interest among member countries. The purpose of this paper is to engage the Board on staff’s post-TSR work toward strengthening the Fund’s capacity to analyze and, where relevant, offer policy advice on macro-relevant structural issues.

The Oxford Handbook Of Structural Transformation

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Author : Célestin Monga
language : en
Publisher: Oxford University Press
Release Date : 2019-02-07

The Oxford Handbook Of Structural Transformation written by Célestin Monga and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-02-07 with Business & Economics categories.

The Oxford Handbook of Structural Transformation addresses the economics of structural transformation around the world. It deals with major themes, which include history and context, critical issues and concepts, methodological foundations, main theoretical approaches, policy issues, some illuminating country experiences of structural transformation, and important debates on the respective roles of the market and the state in that process. The historical record provides a challenge for economists to understand the success of the rising economic powers (some of them initially considered unlikely candidates for prosperity) and the stagnation or decline of others. Five major questions emerge: · Why has so much divergence occurred among nations of the world since the Industrial Revolution, and particularly during the 20th century? · Why has the pattern changed recently with the emergence of a few developing economies (e.g. the multi-polar world), and can it be sustained? · What are the key drivers, strategies, and policies, to foster structural transformation in various different country contexts and in a constantly evolving global economy? · How could low- and middle-income countries avoid development traps and learn from past experiences whilst exploiting the new opportunities offered by the Fourth Industrial Revolution? · What is the role of various development stakeholders and other important players in facilitating sustained economic convergence among nations? This book addresses these questions, bringing the rigor, usefulness, and multi-disciplinary scope of the Oxford Handbook series to a critical topic in economics. The Oxford Handbook of Structural Transformation is an essential reference work and a stimulus to new research and creativity across all branches of the social sciences.

African Economic Outlook 2013 Structural Transformation And Natural Resources

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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2013-05-27

African Economic Outlook 2013 Structural Transformation And Natural Resources written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-27 with categories.

The African Economic Outlook is the only annual report that monitors in detail the economic performance of 53 individual countries on the continent, using a strictly comparable analytical framework. The focus of the 2013 edition if structural transformation and natural resources in Africa.

African Economic Outlook 2016 Sustainable Cities And Structural Transformation

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Author : African Development Bank
language : en
Publisher: OECD Publishing
Release Date : 2016-05-23

African Economic Outlook 2016 Sustainable Cities And Structural Transformation written by African Development Bank and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-23 with categories.

This report presents the continent’s current state of affairs and forecasts its situation for the coming two years. It examines Africa’s performance in crucial areas: macroeconomics, financing, trade policies and regional integration, human development, and governance.

Bangladesh S Graduation From The Least Developed Countries Group

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Author : Debapriya Bhattacharya
language : en
Publisher: Routledge
Release Date : 2018-09-21

Bangladesh S Graduation From The Least Developed Countries Group written by Debapriya Bhattacharya and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-09-21 with Political Science categories.

Since the group of least developed countries (LDCs) was identified in 1971, only five countries have graduated from the group, all of which are characterised by small size or population. The projections are that the next decade will see a rapid increase in the pace of graduation, with Bangladesh in particular poised to be one of the largest countries, in terms of its economy and population, yet to leave the group. While previously many LDCs viewed the prospect of graduation with some apprehension, fearing significant erosion of international support, increasingly, the move is being seen as a more positive landmark. This book aims to articulate appropriate strategies and initiatives to help Bangladesh to maintain its developmental momentum and to prepare for a sustainable graduation in 2024. In doing so, the book explores themes such as key analytical issues of the LDC graduation paradigm, smooth transition and structural transformation, and post-graduation challenges and opportunities. Further, against the backdrop of Gross National Income per capita, the Human Assets Index and Economic Vulnerability Index goals required for graduation, the Sustainable Development Goals (SDGs) set by the 2030 Agenda will also be in the process of implementation. Whilst some feel that the two agendas might be in conflict, the book teases out some of the important synergies which can be drawn when LDCs are undertaking the journey of graduation in the era of the SDGs. The book also takes into cognisance the uncertain external environment and the emerging global scenario within which Bangladesh's graduation is to take place. Conceptual discourse around LDC graduation and the particular narrative around Bangladesh's journey towards LDC graduation will be of interest not only to scholars of Bangladesh, but also to researchers and policymakers with an interest in LDC graduation for other countries facing similar challenges.

Latin American Economic Outlook 2013 Sme Policies For Structural Change

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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2012-11-16

Latin American Economic Outlook 2013 Sme Policies For Structural Change written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-11-16 with categories.

This edition of the Latin American Economic Outlook finds that the region has weathered the recent turbulence in the global economy with reletive strength. This edition focuses on the role of Small and Medium Enterprises in Latin America.

Problems Of Economic And Political Transformation In The Balkans

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Author : Ian Jeffries
language : en
Publisher: Psychology Press
Release Date : 1996

Problems Of Economic And Political Transformation In The Balkans written by Ian Jeffries and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business & Economics categories.

Provides an assessment of the problems of transformation in the Balkan countries, covering topics on both politics and economics. The book gives an overview of the problems of transition, and also country-specific coverage, including Albania, Bulgaria, Romania and the former Yugoslavia.