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Author : Nadeem Ul Haque
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.3/5 ( download)
Download or read book Fiscal Policy and Private Saving Behavior in Developing Countries written by Nadeem Ul Haque and published by . This book was released on 1986 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 145197048X
Total Pages : 24 pages
Book Rating : 4.4/5 (519 download)
Download or read book Fiscal Policy and Private Sector Saving Behavior written by International Monetary Fund and published by International Monetary Fund. This book was released on 1987-07-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tax or debt financing of a given rate of government expenditures would, according to the now well-known Ricardian Equivalence proposition, have equivalent effects on aggregate demand. Among the reasons for a deviation from the equivalence is the possibility that the government and the private sector have different planning horizons. The paper finds no empirical support for differing planning horizons across sectors in a group of 16 developing economies and, therefore, provides empirical evidence for the equivalence hypothesis.
Author : Klaus Schmidt-Hebbel
Publisher : World Bank Publications
ISBN 13 : 9780821338520
Total Pages : 184 pages
Book Rating : 4.3/5 (385 download)
Download or read book Saving Across the World written by Klaus Schmidt-Hebbel and published by World Bank Publications. This book was released on 1997-01-01 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Bank Technical Paper No. 349. The Bank's approach to water resources development has shifted from one of construction activities to one of improved management quality, creating a new generation of water-related projects and the need for new evaluation procedures. This paper addresses the methodology for economic evaluation of this new group of projects and draws on the experience of the recently approved Mexico Water Resources Management project.
Author : Ajay Chhibber
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4./5 ( download)
Download or read book Fiscal Policy and Private Investment in Developing Countries written by Ajay Chhibber and published by World Bank Publications. This book was released on 1990 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The key to sustained recovery in developing countries is the revival of private investment. This revival requires a coordinated set of credible policies - fiscal, exchange rate, tax, and public expenditure restructuring. In several countries the debt overhang is also an obstacle to achieving that credibility.
Author : Roberto Perotti
Publisher : World Bank Publications
ISBN 13 : 7092014492
Total Pages : 46 pages
Book Rating : 4.0/5 (92 download)
Download or read book Fiscal Policy in Developing Countries: written by Roberto Perotti and published by World Bank Publications. This book was released on 2007 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper surveys fiscal policy in developing countries from the point of view of long-run growth. The first section reviews existing methodologies to estimate the effects of fiscal policy shocks and of systematic fiscal policy, with time series or with cross-sectional methods, and their applicability to developing countries. The second section surveys optimal fiscal policy in developing countries, by considering the role of the intertemporal government budget, and sustainability and solvency. It also reviews the fuzzy debate on "fiscal space" and "macroeconomic space" - and the usefulness (or lack thereof) of these terms for policy analysis. The third section asks what theory tells us about the optimal cyclical behavior of fiscal policy in developing countries. It shows that it very much depends on the assumptions about the interactions between credit market imperfections at the individual, firms, or government level, and on the supply of external funds to the country. Different sets of assumptions lead to different implications about optimal cyclical behavior. The available evidence on the cyclical behavior of fiscal policy, and possible reasons for the observed prevalence of a procyclical behavior in developing countries, is also reviewed. If one agrees that fiscal policy is indeed less countercyclical than we think is optimal, the issue is how to correct the problem. One obvious question is why government do not self-insure, i.e. why they do not accumulate assets in upturns and decumulate them in downturns. This leads to the analysis of fiscal rules and stabilization funds, in the fourth section. The last section concludes with what the author considers important research and policy questions in each part.
Author : Vittorio Corbo
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4./5 ( download)
Download or read book Public Policies and Saving in Developing Countries written by Vittorio Corbo and published by World Bank Publications. This book was released on 1991 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing countries can increase their national saving rate best by increasing government saving. The most effective way to increase national saving is through permanent tax hike, a cut in current public spending, and a macroeconomic framework in which inflation is low and incentives are predictable.
Author : Richard Hemming
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.:/5 (318 download)
Download or read book The Effectiveness of Fiscal Policy in Stimulating Economic Activity written by Richard Hemming and published by International Monetary Fund. This book was released on 2002-12 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the theoretical and empirical literature on the effectiveness of fiscal policy. The focus is on the size of fiscal multipliers, and on the possibility that multipliers can turn negative (i.e., that fiscal contractions can be expansionary). The paper concludes that fiscal multipliers are overwhelmingly positive but small. However, there is some evidence of negative fiscal multipliers.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451970536
Total Pages : 46 pages
Book Rating : 4.4/5 (519 download)
Download or read book Looking for An Economically Meaningful Way to Assess Fiscal Policy written by International Monetary Fund and published by International Monetary Fund. This book was released on 1989-05-23 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the behavior of private consumption in Mexico and Chile. Understanding private consumption behavior in developing countries is receiving increasing attention at a time many of them are required to substitute national saving for external saving. For both countries dealt with in this study, changes in the real rate of interest appeared to have a sizable negative effect on private consumption. Private consumption also appeared to be (positively) influenced by real net capital inflows. An empirical approximation to permanent income also appears relevant for both countries, in particular for Mexico, where the sum of the 2-year income elasticities was very close to 1.0. Finally, government consumption did not appear as a relevant variable in either country.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 9781557751348
Total Pages : 78 pages
Book Rating : 4.7/5 (513 download)
Download or read book The Role of National Saving in the World Economy written by International Monetary Fund and published by International Monetary Fund. This book was released on 1990-03-19 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews and analyzes broad developments and considers specific policy measures to foster saving. The chapter also describes trends in national saving rates of industrial countries in recent years and briefly discusses the prospects over the medium term. The paper also discusses the effects of policy measures on national saving and investment. Fiscal, monetary, and exchange rate policies are all shown to have major implications for saving in developing countries. Fiscal restraint is especially important, since it increases national saving by both raising public saving and reducing the country's dependence on foreign borrowing. Exchange rate devaluation and the unification of exchange markets also appear to be effective in stimulating national saving. Interest rates and financial reforms play a crucial role in effecting an efficient allocation of resources, including the mobilization of savings to finance domestic investment.
Author : Eprime Eshag
Publisher : Cambridge University Press
ISBN 13 : 9780521270496
Total Pages : 316 pages
Book Rating : 4.2/5 (74 download)
Download or read book Fiscal and Monetary Policies and Problems in Developing Countries written by Eprime Eshag and published by Cambridge University Press. This book was released on 1983 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consideration on the use of fiscal and monetary policies in less developed countries to overcome the three sets of obstacles to development largely because of socio-political constraints. The three major obstacles to development are: inadequate investment; misallocation of investment resources; and internal and external imbalance i.e. inflation and balance of payments deficits.
Author : Masao Ogaki
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)
Download or read book Saving Behavior in Low and Middle-Income Developing Countries written by Masao Ogaki and published by . This book was released on 1995 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The impact of changes in real interest rates on saving and growth is a central issue in development economics. According to one familiar view, a financial liberalization program which increases real interest rates should encourage saving, thereby boosting investment and growth. While such liberalizations have indeed typically succeeded in raising real interest rates, their impact on private saving has been mixed. This paper uses macroeconomic data for a sample of countries with diverse income levels to estimate a model in which the intertemporal elasticity of substitution varies with the level of wealth. The estimated parameters are then used to calculate, in the context of a simple endogenous growth model, the responsiveness of saving to real interest rate changes for countries at differing stages of development.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451926367
Total Pages : 18 pages
Book Rating : 4.4/5 (519 download)
Download or read book Dependency Rates and Private Savings Behavior in Developing Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-01-01 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: A firm theoretical basis for the empirical relationship between dependency rates and savings behavior in developing countries is still lacking. Two demographic extensions of the representative household’s stochastic dynamic optimization problem are presented here. It is shown that the relationship between expected dependency rates and consumption growth depends on two parameters: the demographically varying committed consumption and the intertemporal elasticity of substitution. Thus, the expected path of demographic variables can provide information on the consumers’ willingness to smooth consumption, and on the savings responsiveness to changes in the real interest rate.
Author : Nicola Rossi
Publisher :
ISBN 13 :
Total Pages : 53 pages
Book Rating : 4.:/5 (129 download)
Download or read book Government Spending, the Real Interest Rate, and Liquidity Constrained Consumers` Behavior in Developing Countries written by Nicola Rossi and published by . This book was released on 2006 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides empirical evidence on the determinants of private saving in a sample of 49 developing countries over the period 1973-83. The evidence indicates that, as indicated by the theory, a positive relationship exists between the rate of growth of consumption and the expected real interest rate. However, the magnitude of that relationship is such that increases in the real rate of return are not likely to bring forth substantial increases in savings especially in low-income developing countries. Above all, consumer behavior in developing countries appears to be dominated by pervasive liquidity constraints which are exploitable for policy purposes.
Author : Mr.Dhaneshwar Ghura
Publisher : International Monetary Fund
ISBN 13 : 1451922523
Total Pages : 48 pages
Book Rating : 4.4/5 (519 download)
Download or read book Public Policies and Private Savings and Investment in Sub-Saharan Africa written by Mr.Dhaneshwar Ghura and published by International Monetary Fund. This book was released on 1995-02-01 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses empirically the role of public policies in stimulating private savings and investment in sub-Saharan African countries, based on data for the period 1986-92. The main findings of the analysis are as follows: (i) policies effective in stimulating private savings and investment include those that keep the rate of inflation low, reduce macroeconomic uncertainty, promote financial deepening, and lower the external debt burden; (ii) measures that promote structural reforms and reduce the budget deficit (without lowering government investment) help to raise private investment; and (iii) declines in government savings are only partially offset by increases in private savings.
Author : Vittorio Corbo
Publisher : Amsterdam : North-Holland Publishing Company ; New York : American Elsevier
ISBN 13 :
Total Pages : 326 pages
Book Rating : 4.3/5 (91 download)
Download or read book Inflation in Developing Countries written by Vittorio Corbo and published by Amsterdam : North-Holland Publishing Company ; New York : American Elsevier. This book was released on 1974 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Takatoshi Ito
Publisher : University of Chicago Press
ISBN 13 : 0226387062
Total Pages : 471 pages
Book Rating : 4.2/5 (263 download)
Download or read book Fiscal Policy and Management in East Asia written by Takatoshi Ito and published by University of Chicago Press. This book was released on 2009-02-15 with total page 471 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing fiscal policy—the revenues and spending of an individual nation—is among the most challenging tasks facing governments. Wealthy countries are constrained by complex regulation and taxation policies, while developing nations often face high inflation and trade taxes. In this volume, esteemed economists Takatoshi Ito and Andrew K. Rose, along with other leading experts, examine the problems and challenges facing public finance in East Asian developing countries as well as the United States and Japan. Fiscal Policy and Management in East Asia explores the inefficient tax systems of many developing countries, the relationship between public and private sector economic behavior, and the pressing issue of future obligations that governments have undertaken to provide pensions and health care for their citizens. Featuring both overviews and analyses of the countries discussed, this book will be of value to economists and policymakers seeking to understand fiscal policy in a global context.
Author : Mrs.Anuradha Dayal-Gulati
Publisher : International Monetary Fund
ISBN 13 : 1451853300
Total Pages : 26 pages
Book Rating : 4.4/5 (518 download)
Download or read book Saving in Southeast Asia and Latin America Compared written by Mrs.Anuradha Dayal-Gulati and published by International Monetary Fund. This book was released on 1997-09-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines empirical determinants of private saving for a sample of economies in Southeast Asia and Latin America over the period 1975–95. It uses panel estimations to establish relationships between private saving rates and a range of policy and nonpolicy variables. The findings show that fiscal policy, particularly social security arrangements, influence private saving; also macroeconomic stability and financial deepening appear to have been important in accounting for differences in saving behavior between the two regions.
