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Social Sciences x Economic Development and Growth x National Budget, Deficit, and Debt x clear all

Fiscal Reforms and Public Investment in Africa

Christopher Adam and David Bevan.

in Journal of African Economies

March 2015; p ublished online February 2015 .

Journal Article. Subjects: National Budget, Deficit, and Debt; National Government Expenditures and Related Policies; Development Planning and Policy; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Economic Development. 11096 words.

Extending a model by Buffie et al. (2012), we explore the macroeconomic implications of public investment and fiscal reforms in an environment where the tax system is distortionary. We...

The four fallacies of contemporary austerity policies: the lost Keynesian legacy

Robert Boyer.

in Cambridge Journal of Economics

January 2012; p ublished online January 2012 .

Journal Article. Subjects: Public Economics; History of Economic Thought (1925 onwards); Economywide Country Studies; Money and Interest Rates; International Finance; National Budget, Deficit, and Debt; General Aggregative Models; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Macroeconomic Aspects of International Trade and Finance. 11726 words.

The contemporary wide-scale austerity measures are likely to fail in most countries. The first fallacy derives from the false diagnosis that the present crisis is the outcome of lax public...

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On the sustainability of external debt: is debt relief enough?

Gianni Vaggi and Annalisa Prizzon.

in Cambridge Journal of Economics

September 2014; p ublished online December 2013 .

Journal Article. Subjects: National Budget, Deficit, and Debt; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Economic Development. 7412 words.

Elaborating on Pasinetti (1998), the ‘geometry of debt sustainability’ (GDS) represents an analytical tool for the analysis of the long term sustainability of foreign debt. The paper...

Resource Funds: Stabilising, Parking, and Inter-generational Transfer

Anthony J. Venables and Samuel E. Wills.

in Journal of African Economies

September 2016; p ublished online October 2016 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; International Finance; Macroeconomic Aspects of International Trade and Finance; Taxation, Subsidies, and Revenue; National Budget, Deficit, and Debt; Economic Development; Non-renewable Resources and Conservation. 9815 words.

The paper explores strategies for managing revenue from natural resources, focusing on the balance between domestic and foreign asset accumulation. It suggests that domestic asset...

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Should the US increase subsidies to R&D? Lessons from an endogenous growth theory

Manuel A. Gómez and Tiago Neves Sequeira.

in Oxford Economic Papers

January 2014; p ublished online March 2013 .

Journal Article. Subjects: Technological Change; Research and Development; National Budget, Deficit, and Debt; Economic Growth and Aggregate Productivity; Taxation, Subsidies, and Revenue. 9788 words.

In this article we devise an endogenous growth model with R&D, physical capital, and human capital with several externalities. The model is calibrated to the US economy and used to...

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Sovereign risk: constitutions rule

Emanuel Kohlscheen.

in Oxford Economic Papers

January 2010; p ublished online March 2009 .

Journal Article. Subjects: National Budget, Deficit, and Debt; Economic Development; International Finance. 9755 words.

This paper models the executive's choice of whether to reschedule external debt as the outcome of an intra-governmental negotiation process. The key issue the paper tries to explain is the...

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Sovereign Wealth Funds and Natural Resource Management in Africa

Samuel E. Wills, Lemma W. Senbet and Witness Simbanegavi.

in Journal of African Economies

September 2016; p ublished online October 2016 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; International Finance; Macroeconomic Aspects of International Trade and Finance; Corporate Governance; Corporate Regulation; Taxation, Subsidies, and Revenue; National Budget, Deficit, and Debt; Publicly Provided Goods; National Government Expenditures and Related Policies; Economic Development; Non-renewable Resources and Conservation. 8386 words.

Non-renewable resources dominate nearly one quarter of the world's economies. Over half of these economies are developing, with many in Africa. Managing resource revenues is one of the most...

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Walking up the Down Escalator: Public Investment and Fiscal Stability

William Easterly, Timothy Irwin and Luis Servén.

in The World Bank Research Observer

January 2008; p ublished online January 2008 .

Journal Article. Subjects: National Budget, Deficit, and Debt; National Government Expenditures and Related Policies; Development Planning and Policy; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook. 7600 words.

When growth-promoting spending is cut so much that the present value of future government revenues falls by more than the immediate improvement in the cash deficit, fiscal adjustment...

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