What Does Aid Do To Fiscal Policy New Evidence
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What Does Aid Do To Fiscal Policy New Evidence
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Author : Jean-Louis Combes
language : en
Publisher: International Monetary Fund
Release Date : 2016-09-23
What Does Aid Do To Fiscal Policy New Evidence written by Jean-Louis Combes 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 2016-09-23 with Business & Economics categories.
Foreign aid is a sizable source of government financing for several developing countries and its allocation matters for the conduct of fiscal policy. This paper revisits fiscal effects of shifts in aid dependency in 59 developing countries from 1960 to 2010. It identifies structural shifts in aid dependency: upward shifts (structural increases in aid inflows) and downward shifts (structural decreases in aid inflows). These shifts are treated as shocks in aid dependency and treatment effect methods are used to assess the fiscal effects of aid. It finds that shifts in aid dependency are frequent and have significant fiscal effects. In addition to traditional evidence of tax displacement and “aid illusion,” we show that upward shifts and downward shifts in aid dependency have asymmetric effects on the fiscal accounts. Large aid inflows undermine tax capacity and public investment while large reductions in aid inflows tend to keep recipients’ tax and expenditure ratios unchanged. Moreover, the tax displacement effects tend to be temporary while the impact on expenditure items are persistent. Finally, we find that the undesirable fiscal effects of aid are more pronounced in countries with low governance scores and low absorptive capacity, as well as those with IMF-supported programs.
Imf Research Bulletin September 2016
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Author : International Monetary Fund. Research Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2016-09-30
Imf Research Bulletin September 2016 written by International Monetary Fund. Research Dept. 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 2016-09-30 with Business & Economics categories.
The September 2016 issue of the IMF Research Bulletin includes the following two Research Summaries: “A New Look at Bank Capital” (by Jihad Dagher, Giovanni Dell’Ariccia, Luc Laeven, Lev Ratnovski, and Hui Tong) and “Does Growth Create Jobs?: Evidence for Advance and Developing Economies (by Zidong An, Nathalie Gonzalez Prieto, Prakash Loungani, and Saurabh Mishra). The Q&A article by Rabah Arezki discusses “Seven Questions on Rethinking the Oil Market in the Aftermath of the 2014-16 Price Slump.” A listing of recent IMF Working Papers, Staff Discussion Notes, and Recommended Readings from IMF Publications are also included. Readers can also find an announcement on the 2016 Annual Research Conference and links to top cited 2015 articles in the IMF Economic Review.
Efficiency Adjusted Public Capital Capital Grants And Growth
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Author : Ernesto Crivelli
language : en
Publisher: International Monetary Fund
Release Date : 2017-07-24
Efficiency Adjusted Public Capital Capital Grants And Growth written by Ernesto Crivelli 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 2017-07-24 with Business & Economics categories.
Recent literature has explored the relationship between efficiency-adjusted public capital and economic growth. A debate on whether capital grants, and especially EU funds actually contribute to growth has gained prominence lately. This paper empirically assesses the relationship between the quality of public investment, capital grants, and growth in a sample of 43 emerging and peripheral economies over 1991-2015. To this end, the contribution of public capital to growth is estimated using efficiency-adjusted public capital stock series, constructed reflecting the quality of public investment management institutions. In addition, the determinants of effective public investment are analyzed. The results suggest that capital grants contribute positively to effective public investment, and the latter is significant in explaining variations in economic growth. Finally, the paper illustrates the impact of raising EU funds absorption on potential growth in emerging and peripheral EU countries.
Fiscal Monitor April 2014
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Author : Ms.Martine Guerguil
language : en
Publisher: International Monetary Fund
Release Date : 2014-04-09
Fiscal Monitor April 2014 written by Ms.Martine Guerguil 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 2014-04-09 with Business & Economics categories.
Fiscal risks are abating somewhat but remain elevated. In advanced economies, recent policy moves have broadly stabilized public debt ratios, but medium-term prospects are still uncertain, and debt remains at historic highs. Fiscal vulnerabilities are rising in both emerging market economies and low-income countries, although in most cases from relatively moderate levels. Across country groups, fiscal policy should aim at rebuilding policy space while supporting the recovery and long-term growth prospects.
The Way Class Works
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Author : Lois Weis
language : en
Publisher: Routledge
Release Date : 2009-09-10
The Way Class Works written by Lois Weis and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-09-10 with Education categories.
This collection discusses conditions of social class and the ways in which class is produced in educational institutions and families, while simultaneously interrogating and challenging our understandings of social class as it is linked to race, gender, and nation.
The Development Dimension Succeeding With Trade Reforms The Role Of Aid For Trade
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2013-05-22
The Development Dimension Succeeding With Trade Reforms The Role Of Aid For Trade 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 2013-05-22 with categories.
Succeeding with Trade Reforms: The Role of Aid for Trade highlights the potential of aid for trade to boost economic growth and reduce poverty, while discussing the various reasons why it may not be realised.
Macroeconomic Policies And Poverty
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Author : Ashoka Mody
language : en
Publisher: Routledge
Release Date : 2004-08-02
Macroeconomic Policies And Poverty written by Ashoka Mody and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-08-02 with Business & Economics categories.
In this volume, world-renowned contributors, including Martin Ravallion, Michael Kremer and Robert Townsend, deal with the institutional characteristics of poverty resulting from the time pattern of aid, the nature of financial systems and the political economy of budgetary decisions. Going beyond the traditional literature on poverty, this original book deals with themes of broad interest to both scholars and policymakers in a clear yet technically sophisticated manner. Departing from conventional methods employed in poverty studies, these innovative essays enquire into the institutional characteristics of poverty, and using current case studies, they examine the crucial idea that periods of crises seriously affect poverty.
Global Financial Crisis And Its Ramifications On Capital Markets
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Author : Ümit Hacioğlu
language : en
Publisher: Springer
Release Date : 2017-01-20
Global Financial Crisis And Its Ramifications On Capital Markets written by Ümit Hacioğlu and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-01-20 with Business & Economics categories.
This book assesses the 2008-2009 financial crisis and its ramifications for the global economy from a multidisciplinary perspective. Current market conditions and systemic issues pose a risk to financial stability and sustained market access for emerging market borrowers. The volatile environment in the financial system became the source of major threats and some opportunities such as takeovers, mergers and acquisitions for international business operations. This volume is divided into six sections. The first evaluates the 2008-2009 Global Financial Crisis and its impacts on Global Economic Activity, examining the financial crisis in historical context, the economic slowdown, transmission of the crisis from advanced economies to emerging markets, and spillovers. The second section evaluates global imbalances, especially financial instability and the economic outlook for selected regional economies, while the third focuses on international financial institutions and fiscal policy applications. The fourth section analyzes the capital market mechanism, price fluctuations and global trade activity, while the fifth builds on new trends and business cycles to derive effective strategies and solutions for international entrepreneurship and business. In closing, the final section explores the road to economic recovery and stability by assessing the current outlook and fiscal strategies.
Security And Development
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Author : Robert Picciotto
language : en
Publisher: Routledge
Release Date : 2013-10-28
Security And Development written by Robert Picciotto and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-28 with History categories.
The new contributions in this book, by acknowledged leaders in the field, examine the delivery of effective aid under fire, and securing the peace in environments where governance is fragile. They bridge the cultural divide between the security and development professions at a time of unprecedented global economic integration, geopolitical turbulence, and novel threats to international peace and security. More than a billion people live in countries where governance is weak, poverty is rampant, and economies are depressed. Failed and frail states provide ideal breeding grounds for civil strife, criminality, and "new wars" that target civilians, use children as combatants, and commit massive human rights violations. The new security risks loom within national borders, while the capacity of the international community to intervene 'behind borders' remains inadequate. Policy making for security still relies heavily on military responses. Yet military responses cannot address, and may even worsen, the social and cultural antecedents of civil strife and social resentment. Similarly, development aid policy and practice are poorly adapted to the new realities of frail governance and insecure operating environments in aid recipient countries. This book was previously published as a special issue of the leading journal Conflict, Security and Development.
International Economic Policy Review Volume 1
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Author : Mr.Paul R Masson
language : en
Publisher: International Monetary Fund
Release Date : 1999-09-28
International Economic Policy Review Volume 1 written by Mr.Paul R Masson 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 1999-09-28 with Business & Economics categories.
This series aims to make available to the general public and to economic policy practitioners, a selection of policy papers prepared by the staff of the International Monetary Fund. Papers in the International Economic Policy Review will offer specific policy-relevant analysis, but at a relatively non-technical level. These papers are intended to provide analytical background for IMF-supported programs and more generally to shed light on a range of policy choices facing ministries and central banks.