The Fiscal Impact Of Foreign Aid In Rwanda A Theoretical And Empirical Analysis

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The Fiscal Impact of Foreign Aid in Rwanda: a Theoretical and Empirical Analysis.

Author : Kene Ezemenari Ephraim Kebede and Sajal Lahiri
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4./5 ( download)

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Book Synopsis The Fiscal Impact of Foreign Aid in Rwanda: a Theoretical and Empirical Analysis. by : Kene Ezemenari Ephraim Kebede and Sajal Lahiri

Download or read book The Fiscal Impact of Foreign Aid in Rwanda: a Theoretical and Empirical Analysis. written by Kene Ezemenari Ephraim Kebede and Sajal Lahiri and published by World Bank Publications. This book was released on 2008 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The inflow of large quantities of foreign aid into Rwanda since 1994 can have potential adverse effects such as aid dependency via a significant negative effect on tax efforts and on public investments. This paper carries out a theoretical and empirical study to examine these issues. The theoretical part develops a model in which the recipient government decides on the optimal level of tax and optimally allocates total government revenue between current expenditure and public investment. The theoretical model makes it possible to empirically test whether an increase in aid is likely to reduce the optimal tax rate and the proportion of public expenditure allocated to public investment. The econometric analysis uses time series data on Rwanda to show, in line with other studies in the literature, a negative relationship between increased aid and the tax rate; but the magnitude of the effects are extremely small. In the case of Rwanda, reforms to the tax administration and expansion of the tax base have had mitigating effects. As far as the effect on public investment, the overall effect was negative in the past; however, since 1995 the direction of this effect has changed.

The Fiscal Impact of Foreign Aid in Rwanda

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (837 download)

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Book Synopsis The Fiscal Impact of Foreign Aid in Rwanda by :

Download or read book The Fiscal Impact of Foreign Aid in Rwanda written by and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Fiscal Impact of Foreign Aid in Rwanda

Author : Kene Ezemenari
Publisher :
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis The Fiscal Impact of Foreign Aid in Rwanda by : Kene Ezemenari

Download or read book The Fiscal Impact of Foreign Aid in Rwanda written by Kene Ezemenari and published by . This book was released on 2016 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: The inflow of large quantities of foreign aid into Rwanda since 1994 can have potential adverse effects such as aid dependency via a significant negative effect on tax efforts and on public investments. This paper carries out a theoretical and empirical study to examine these issues. The theoretical part develops a model in which the recipient government decides on the optimal level of tax and optimally allocates total government revenue between current expenditure and public investment. The theoretical model makes it possible to empirically test whether an increase in aid is likely to reduce the optimal tax rate and the proportion of public expenditure allocated to public investment. The econometric analysis uses time series data on Rwanda to show, in line with other studies in the literature, a negative relationship between increased aid and the tax rate; but the magnitude of the effects are extremely small. In the case of Rwanda, reforms to the tax administration and expansion of the tax base have had mitigating effects. As far as the effect on public investment, the overall effect was negative in the past; however, since 1995 the direction of this effect has changed.

Fiscal Effects of Aid

Author : Mark McGillivray
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Fiscal Effects of Aid by : Mark McGillivray

Download or read book Fiscal Effects of Aid written by Mark McGillivray and published by . This book was released on 2001 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Foreign Aid Fiscal Policy

Author : Simplice Asongu
Publisher :
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Foreign Aid Fiscal Policy by : Simplice Asongu

Download or read book Foreign Aid Fiscal Policy written by Simplice Asongu and published by . This book was released on 2016 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper provides theoretical and empirical justifications for the instrumentality of foreign aid in stimulating private investment and fixed capital formation through fiscal policy mechanisms. We propose an endogenous growth theory based on an extension of Barro (1990) by postulating that the positive effect of aid mitigates the burden of the taxation system on the private sector of recipient countries. The empirical validity is based on data from 53 African countries for the period 1996-2010. While the findings on the tax effort channel are overwhelmingly consistent with theory across specifications and fundamental characteristics, those of the 'government expenditure' channel are a little heterogeneous but broadly in line with the theoretical postulations. Justification for the slight heterogeneity and policy implications are discussed.

The Macroeconomic Management of Foreign Aid

Author : Mr.Peter Isard
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 292 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Macroeconomic Management of Foreign Aid by : Mr.Peter Isard

Download or read book The Macroeconomic Management of Foreign Aid written by Mr.Peter Isard and published by International Monetary Fund. This book was released on 2006-04-21 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the adoption of the Milennium Development Goals (MDGs) in 2000, the challenge of reducing poverty around the world has been more prominent on the agenda of the international community. Relatively slow progress toward meeting the MDGs by the 2015 target date has added to the urgency of this effort. Two influential reports - The United Nations Millennium Project Report (the "Sachs Report") and the Commission for Africa Report (the "Blair Report") envisage substantial increases in aid flows to poor countries, especially to countries in sub-Saharan Africa. The International community sees increases in aid, along with improvements in recipient policies and freer global trade, as necessary for global prosperity and poverty reduction.

Foreign Aid and Development

Author : Finn Tarp
Publisher : Routledge
ISBN 13 : 1134608489
Total Pages : 415 pages
Book Rating : 4.1/5 (346 download)

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Book Synopsis Foreign Aid and Development by : Finn Tarp

Download or read book Foreign Aid and Development written by Finn Tarp and published by Routledge. This book was released on 2000-08-17 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: Aid has worked in the past but can be made to work better in the future. This book offers important new research and will appeal to those working in economics, politics and development studies as well as to governmental and aid professionals.

The Development Path Less Traveled

Author : Laure Redifer
Publisher :
ISBN 13 : 9781513551371
Total Pages : 119 pages
Book Rating : 4.5/5 (513 download)

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Book Synopsis The Development Path Less Traveled by : Laure Redifer

Download or read book The Development Path Less Traveled written by Laure Redifer and published by . This book was released on 2020-08-18 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores some of the key factors behind Rwanda key successes, including unique institution-building that emphasized governance and ownership; aid-fueled and government-led strategic investment in people, infrastructure, and high-yield economic activity;re-establishment and expansion of a domestic tax base; policies to reduce aid dependency by attracting private investment and bolstering exports; and a purposeful strategy to harness the economic power of gender inclusion.

Poverty and Social Impact Analysis of Reforms

Author : Aline Coudouel
Publisher : World Bank Publications
ISBN 13 : 9780821364864
Total Pages : 520 pages
Book Rating : 4.3/5 (648 download)

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Book Synopsis Poverty and Social Impact Analysis of Reforms by : Aline Coudouel

Download or read book Poverty and Social Impact Analysis of Reforms written by Aline Coudouel and published by World Bank Publications. This book was released on 2006-01-01 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: Poverty and Social Impact Analysis (PSIA) is an approach used increasingly by governments, civil society organizations, the World Bank, and other development partners to examine the distributional impacts of policy reforms on the well-being of different stakeholders groups, particularly the poor and vulnerable. PSIA has an important role in the elaboration and implementation of poverty reduction strategies in developing countries because it promotes evidence-based policy choices and fosters debate on policy reform options. 'Poverty and Social Impact Analysis of Reforms' presents a collection of case studies that illustrate the spectrum of sectors and policy reforms to which PSIA can be applied; it also elaborates on the broad range of analytical tools and techniques that can be used for PSIA. The case studies provide examples of the impact that PSIA can have on the design of policy reforms and draw operational lessons for PSIA implementation. The case studies deal largely with policy reforms in a single sector, such as agriculture (crop marketing boards in Malawi and Tanzania and cotton privatization in Tajikistan); energy (mining sector in Romania and oil subsidies in Ghana); utilities (power sector reform in Ghana, Rwanda, and transition economies, and water sector reform in Albania); social sectors (education reform in Mozambique and social welfare reform in Sri Lanka); taxation reform (Nicaragua); as well as macroeconomic modeling (Burkina Faso).

Global Waves of Debt

Author : M. Ayhan Kose
Publisher : World Bank Publications
ISBN 13 : 1464815453
Total Pages : 403 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Waves of Debt by : M. Ayhan Kose

Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

Aid Dependence

Author : Robert Lensink
Publisher :
ISBN 13 : 9789122018391
Total Pages : 86 pages
Book Rating : 4.0/5 (183 download)

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Book Synopsis Aid Dependence by : Robert Lensink

Download or read book Aid Dependence written by Robert Lensink and published by . This book was released on 1998-12-01 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Future Drivers of Growth in Rwanda

Author : The World Bank;Government of Rwanda
Publisher : World Bank Publications
ISBN 13 : 1464812853
Total Pages : 452 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Future Drivers of Growth in Rwanda by : The World Bank;Government of Rwanda

Download or read book Future Drivers of Growth in Rwanda written by The World Bank;Government of Rwanda and published by World Bank Publications. This book was released on 2020-07-06 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: A strong and widely acknowledged record of economic success-including a three-and-a-half-fold increase in per capita income since 1994--places Rwanda among the world’s fastest--growing economies. Traumatic memories of the 1994 genocide are gradually fading, as associations begin to take a more positive form--of a nation on the rise, powered by human resilience, a sense of common purpose, and a purposeful government. Past successes and a sense of frailty have fueled aspirations for a secure, prosperous, and modern future. Sustaining high rates of economic growth is at the heart of these ambitions. Recent formulations of the nation’s Vision 2050 set a target of achieving upper-middle-income status by 2035 and high-income status by 2050. Future Drivers of Growth in Rwanda: Innovation, Integration, Agglomeration, and Competition, a joint undertaking by experts from Rwanda and the World Bank Group, evaluates the country’s possibilities and options in this endeavor. The report identifies four essential drivers of growth--innovation, integration, agglomeration, and competition--and reforms in six priority areas: human capital development, export dynamism and regional integration, well-managed urbanization, competitive domestic enterprises, agricultural modernization, and capable and accountable public institutions.

The Impact of Remittances on Economic Activity: The Importance of Sectoral Linkages

Author : Hector Perez-Saiz
Publisher : International Monetary Fund
ISBN 13 : 1498324487
Total Pages : 37 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Impact of Remittances on Economic Activity: The Importance of Sectoral Linkages by : Hector Perez-Saiz

Download or read book The Impact of Remittances on Economic Activity: The Importance of Sectoral Linkages written by Hector Perez-Saiz and published by International Monetary Fund. This book was released on 2019-08-16 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: We propose a simple macroeconomic model with input-output sectoral linkages based on Acemoglu et al. (2016) to quantify how changes in aggregate demand due to additional income from household’s remittances propagates through the network of input-output linkages in Sub-Saharan African countries. We first propose two network centrality measures to assess the role of some sectors as key input providers in the economy. Then, we use these measures to quantify the effect of sectoral linkages on sectoral and total output following an increase in remittances inflows. Our empirical results suggest that the effects of remittances on recipient economies increase with the degree of linkages across sectors, which is especially prominent in the case of the financial intermediation sector. Our paper contributes to the emerging macroeconomic literature on the propagation of shocks across sectors and the implications for the whole economy.

Productivity Growth and Economic Reform: Evidence from Rwanda

Author : Neal Duffy
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4./5 ( download)

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Book Synopsis Productivity Growth and Economic Reform: Evidence from Rwanda by : Neal Duffy

Download or read book Productivity Growth and Economic Reform: Evidence from Rwanda written by Neal Duffy and published by World Bank Publications. This book was released on 2008 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Trade, financial, and exchange rate reforms are shown to have exerted a positive impact on the growth of total factor productivity in Rwanda during the period 1995-2003. Based on a constant returns-to-scale Cobb-Douglas production function, this paper regresses total factor productivity on indices of trade, financial, and exchange rate reforms. The analysis determines that trade reforms and financial reforms each contributed positively to improvements in total factor productivity. The data also suggest that the allocation of official development assistance to human capital made a significant contribution to productivity. In contrast, the appreciation of the real exchange rate of the late 1980's hindered productivity or the growth of TFP. Taken together, the findings for Rwanda presented in this paper show that the strong growth of the past decade has not just been due to a "bounce back" effect following the genocide. The results support the notion that policies favorable to trade development, a deepening of the financial sector, and formation of human capital have been effective for increasing aggregate productivity of the economy and stimulating growth in Rwanda. For sustained growth, the Rwandan authorities should continue to build on these policies, while also taking care to maintain an appropriate exchange rate.

Economics and Development Studies

Author : Michael Tribe
Publisher : Routledge
ISBN 13 : 1136938745
Total Pages : 311 pages
Book Rating : 4.1/5 (369 download)

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Book Synopsis Economics and Development Studies by : Michael Tribe

Download or read book Economics and Development Studies written by Michael Tribe and published by Routledge. This book was released on 2010-09-13 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics and Development Studies synthesises existing development economics literature, much of it very contemporary, in order to identify the salient issues and controversies and to make them accessible and understandable.

World Development Indicators 2016

Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 1464806845
Total Pages : 184 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis World Development Indicators 2016 by : World Bank

Download or read book World Development Indicators 2016 written by World Bank and published by World Bank Publications. This book was released on 2016-04-29 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Development Indicators 2016 provides a compilation of relevant, high-quality, and internationally comparable statistics about global development and the fight against poverty. It is intended to help policymakers, students, analysts, professors, program managers, and citizens find and use data related to all aspects of development, including those that help monitor progress toward the World Bank Group’s two goals of ending poverty and promoting shared prosperity. Six themes are used to organize indicators—world view, people, environment, economy, states and markets, and global links. WDI 2016 includes: •A selection of the most popular indicators across 214 economies and 14 country groups organized into six WDI themes •A new section on the Sustainable Development Goals (SDGs) has replaced the one on Millennium Development Goals (MDGs). •The SDG section covers all 17 goals, and important targets to achieve these goals. Each goal has been presented in a maximum 2-page spread with selected indicators to explain the targets. •Each of the remaining sections includes an introduction, a map, a table of the most relevant and popular indicators for that theme together with a discussion of indicator compilation methodology. •A user guide describing resources available online and on mobile apps. Download the WDI DataFinder Mobile App and other Data Apps at data.worldbank.org/apps. WDI DataFinder is a mobile app for browsing the current WDI database on smartphones and tablets, using iOS and Android, available in four languages: English, French, Spanish, and Chinese. Use the app to: •Browse data using the structure of the WDI •Visually compare countries and indicators •Create, edit, and save customized tables, charts, and maps •Share what you create on Twitter, Facebook, and via email

Going Beyond Aid

Author : Justin Yifu Lin
Publisher : Cambridge University Press
ISBN 13 : 1316943216
Total Pages : 281 pages
Book Rating : 4.3/5 (169 download)

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Book Synopsis Going Beyond Aid by : Justin Yifu Lin

Download or read book Going Beyond Aid written by Justin Yifu Lin and published by Cambridge University Press. This book was released on 2017-01-20 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing countries have for decades been trying to catch up with the industrialized high-income countries, but only a few have succeeded. Historically, structural transformation has been a powerful engine of growth and job creation. Traditional development aid is inadequate to address the bottlenecks for structural transformation, and is hence ineffective. In this book, Justin Yifu Lin and Yan Wang use the theoretical foundations of New Structural Economics to examine South-South development aid and cooperation from the angle of structural transformation. By studying the successful economic transformation of countries such as China and South Korea through 'multiple win' solutions based on comparative advantages and economy of scale, and by presenting new ideas and different perspectives from emerging market economies such as Brazil, India and other BRICS countries, they bring a new narrative to broaden the ongoing discussions of post-2015 development aid and cooperation as well as the definitions of aid and cooperation.